What are the advantages of ready-made accounting software?
What are the advantages of ready-made accounting software?
Following are the main advantages of readymade packages :
(i) Cost Effective s Readymade systems are very cost effective in automating the accounting function. The cost to implement readymade systems is much lesser than the cost of creating a new system from the scratch.
(ii) Time-Saving: It takes a lot of time to create and implement customized accounting software. Purchasing a readymade software saves a lot of time.
(iii) No Overruns: When a company purchases and installs a readymade software, there is no risk of cost overrun and schedule overrun. Customized software generally lead to cost and schedule overruns.
(iv) Better Features: Readymade packages are created for a vast number of users. It incorporates many features for capturing the maximum number of users. This way, this software has better features than software that is developed in-house or by software vendors.
Following are the main advantages of readymade packages :
(i) Cost Effective s Readymade systems are very cost effective in automating the accounting function. The cost to implement readymade systems is much lesser than the cost of creating a new system from the scratch.
(ii) Time-Saving: It takes a lot of time to create and implement customized accounting software. Purchasing a readymade software saves a lot of time.
(iii) No Overruns: When a company purchases and installs a readymade software, there is no risk of cost overrun and schedule overrun. Customized software generally lead to cost and schedule overruns.
(iv) Better Features: Readymade packages are created for a vast number of users. It incorporates many features for capturing the maximum number of users. This way, this software has better features than software that is developed in-house or by software vendors.
