BUSINESS CASE Completed by: Title/Designation: Organisation/Workplace: Date completed: Introduction Opportunities Risks Recommendations Task 3 - Prepare Business Case Steps to take: 1. Develop a business case for implementing the cloud-based accounting platform in your workplace. Use the Business Case template here: BSBSMB 412 Forms and Templates (username: newusername password: newpassword) 2. Complete all sections of the Business Case template: i. Introduction In this section, write an introduction to your business case. Address all of the following points: . Your reason for putting forward this business case to implement a new cloud-based accounting platform in the business Description of current accounting system(s) in use, and any limitations or inefficiencies impacting the business. Explanation that you will be exploring both the risks and opportunities in moving to the new cloud accounting platform in your business case. ii. Opportunities In this section, outline at least two (2) opportunities that the new cloud-based accounting platform can provide to the business. These may include but are not limited to: Cost-benefit opportunities Operational efficiency opportunities Software integration opportunities Data security opportunities . Any other benefits iii. Risks In this section, outline at least two (2) risks associated with implementing the new system. Risks may be associated with setting up and migrating to the cloud accounting system or using the system. . . you outline . . . iv. Recommendation In this section, provide a clear business case for implementing the new cloud accounting platform. Your business case must be convincing and address all of the following points: Identify the cloud accounting platform you recommend Discuss why you believe the new system should be implemented Present the three (3) biggest benefits for the business in moving to this new cloud accounting platform Discuss why the benefits and opportunities outweigh the risks Discuss why you have recommended this platform over and above the other services . Compare the total cost of the current system and the new system over a span of two years. Include all monthly and upfront costs in your total Where the cost of the cloud accounting system is greater than the current system, explain why the benefits outweigh the new costs Ensure to use clear language and workplace conventions in your submission Clear language may include but is not limited to use of correct syntax, grammar, and spelling, containing specific information which is relevant to the reader/audience, content is logically arranged and easy to follow. Workplace conventions may include but are not limited to use of workplace terminologies, following your organisation's procedures for preparing documents, etc. 3. Present your case for approval to at least one (1) stakeholder, e.g. management, direct supervisor, client, or owner of the business. Arrange a time for you and the stakeholder to discuss and review your business case. Access the Feedback Form template here: BSBSMB412 Forms and Templates (username: newusername password: newpassword) The Feedback Form outlines the skill requirements that you will need to demonstrate during the discussion with the stakeholder. You are required to demonstrate all of the skill requirements outlined in this form. Before the actual discussion, review the instructions here and the Feedback Form with your stakeholder so you can prepare for this task. Workbook Version No. 1.1 Produced 18 July 2018 4. After discussing your business case with the stakeholder, have them complete and sign the Feedback Form. Their signature must be handwritten. 5. Have the stakeholder sign the Stakeholder Declaration section of your Business Case, as proof you have presented this to them. Their signature must be handwritten. 6. Save and submit the completed, signed Business Case and Feedback Form. Use the filenames: 0 BSBSMB412 Part II Task 3 Business Case - BSBSMB412 Part II Task 3 Feedback Form SIMULATED PATHWAY Complete the steps outlined in Part II Task 3 and the following additional steps for the simulated pathway. This part of the assessment will be a role play activity. Additional steps to take: 1. Get one (1) volunteer to act as Michael Mathers in your presentation. 2. After the consultation meeting, although your volunteer is playing a fictitious character, have them provide their real name, signature, and contact details in the Business Case sign off and Feedback Form, as these are required for assessment