Finance and Accounting

1
Finance and Accounting

• Introducing Interaction into petPRO

2
petPRO Presently

• petPRO has recently been bought by Nestle who are
  looking to enter the Canadian Pet Food market.
  Due to the merge it has brought a lot of problems
  in managing the companies finances, the finance
  and accounting department has put together a team
  to find a new solution to their financial
  problem.
• The team has created a template to evaluate three
  technologies and choose one to help petPROs
  current financial situation.

3
TET (Technology Evaluation Template)

• What should petPRO look for in a new technology?
• Ease of implementation, costs, risk,
  benefits/problems, effect on employees and
  company, need for training?.

• How should petPRO maintain the new technology?
• Design guidelines, regulations, inform all
  employees on new technology, hire more staff to
  maintain it.

• What are the long-term / short-term goals if this
  new technology is implemented?
• Will it last, effect on company in short and long
  term.

• What are the advantages / disadvantages to other
  FAGS?

• Is it worth it?

4
Technology and Alternatives

• Interaction
• BEN (Business Engine Network)
• Microsoft Small Business Manager 7.5

5
Comparison of Characteristics
6
Proposed Software

• Interaction
• This software is designed to network individuals
  together to make a stronger decisions.
• Sharing individual experiences, and special
  intelligence will give petPRO the ability to
  generate bigger profits and cut back on poor
  decisions.

7
Implementation of Interaction

• Interaction is easy to install, and low
  costing.
• Training of employees is required.
• Employees must open up their expertise and
  knowledge to everyone in order for this software
  to be implemented properly.
• First month Software installed
• Second / Third Month Training employees
• Fourth Month Test run and fix any bugs

8
Benefits of using Interaction

• Allows employees to share data and related
  financial information with everyone in the
  organization.
• This software can be integrated with PDAs, and
  laptops, thus giving other FAGS up to date
  information concerning our financial status which
  would eventually help them in making right
  decisions.
• The cost of implementing it is relatively low and
  the whole process only takes four months
• It would lead to an approx. 30 decrease in
  administration costs

9
Possible Problems to Consider

• High-security will be needed to protect against
  possible viruses as well as information leakage.
• Possible information overload i.e. too much
  information is being transferred and the
  department cannot keep up with it.
• The software cannot identify which information is
  useful and not useful this relies heavily on
  each employee experience.

10
Conclusion

• Interaction would give petPro a better chance
  to choose a project that provide highest return
  and thus maximize profit.