I have an assignment which is called Technology paper where i. will send you the sample picture below please follow the same instructions and answer the following questions below :

1. For this assignment, As the owner of the CPA firm and the requirements is to expand the practice to. recommend AIS products to the customers. As a result of this opportunity, you have asked your lead CPA to compose a proposal for uTopia ? After that can you please answer the following sections accordingly :

Section 1 (Business Problem) : In this section, Can you please provide a narrative regarding the current business problem and how automation may or may not address the problem?

Section 2 (Core System Requirements): In this section, can you please document the specific requirements (input, output, & control) as required for each of the respective functions (billing, collections, and payments) in order to conclude can you please will need to identify the following:

? A general description of the process and the necessary data you would need to collect to process transactions for the function in question (INPUTS).

? A description of the information, including data that will need to generate when processing transactions (OUTPUTS).

? A listing of key controls that needs to be implemented to support & secure the function (CONTROLS).

Section 3 (Outsourcing Considerations): In this section, can you please identify functions, besides payroll, that may be prime candidates for outsourcing. For those functions selected for outsourcing, you will need to explain why they are, the possible benefits, and potential concerns ?

Section 4 (Recommended System Selection): In this section, can you please recommend a PC-based accounting system to support your new system. In developing your recommendation, start with a general overview of the systems. Next, you will discuss the system's relative strengths & weaknesses and why you recommend it. Also, you will guide a migration plan (direct cutover migration, parallel migration, or pilot/phase migration) for implementing the solution ?

Section 5 (Use of Microsoft Office and Other Tools): Can you please go through the link (https://www.microsoft.com/en-us/microsoft-365/business/compare-all-microsoft-365-business-products?&activetab=tab:primaryr2) and explain how the use of tools such as Microsoft 365 can be used to supplement the billing, collections, payments, and reporting activities for the HOA?

Section 6 (Impact of Technology Advances): Can you please discuss how advances in technology, such as robotic processing automation (RPA), blockchain, artificial intelligence (AI), or data analytics, may be used in conjunction with your recommended AIS ?

Section 7 (Challenges to Automation): In this section, can you please identify and discuss at least three challenges in migrating to a new automated system ?

Section 8 (The Final Word): In this section, can you please explain why your recommendation is best for Utopia ?

2. At last, can you please include at least eight literary references and in-text citations to support this paper ?

This proposal outlines a plan to implement a new accounting information system (AIS) for uTopia Homeowner Association (UHA). The new AIS will address the current business challenges of UHA, including manual processes, inefficient workflows, and inaccurate data. The proposed system will alsr be able to take advantage of emerging technologi such as robotic process automation (RPA), blockchain, artificial intelligence (Al), and data analytics. Section 1: Business Problem UHA currently uses a manual accounting system tf is outdated and inefficient, This system requires a significant amount of manual data entry and processing, which leads to errors and delays. Additionally, the system does not provide real-time insights into UHA's financial performance. Automation can help to address many of the curre business challenges of UHA. For example, RPA car be used to automate manual tasks such as data er and invoice processing. Blockchain can be used to create a secure and transparent record of financial transactions. AI can be used to analyze data and generate insights that can help UHA make better financial decisions. Section 2: Core System Requirements The new AIS for UHA must meet the following con requirements: *Billing:** The system must be able to generate accurate and timely invoices for all homeowners. *Collections:** The system must be able to track payments from homeowners and generate reminders for overdue payments. *Payments:** The system must be able to accept payments from homeowners in person, by mail, an electronically. In addition to these core requirements, the new AIS should also be able to: * Generate reports on UHA's financial performance, such as income statements, balance sheets, and cash flow statements. * Track expenses and manage budgets. * Integrate with other systems, such as Microsoft 365. Section 3: Outsourcing Considerations The following functions may be prime candidates for outsourcing: *Payroll:** Outsourcing payroll can free up UHA staff to focus on other tasks. *Accounting reconciliation:H Outsourcing Section 3: Outsourcing Considerations The following functions may be prime candidates for outsourcing: *Payroll:** Outsourcing payroll can free up UHA staff to focus on other tasks. *Accounting reconciliation\" Outsourcing accounting reconciliation can help to ensure that UHA's financial records are accurate. *Tax preparation:H Outsourcing tax preparation can help UHA to comply with tax laws and avoid costly errors. The potential benefits of outsourcing these functions include: * Reduced costs * Increased efficiency * Improved accuracy * Access to specialized expertise The potential concerns of outsourcing include: * Loss of control * Increased risk of data breaches * Difficulty finding qualified vendors Section 4: Recommended System Selection Based on my evaluation of the available options, | recommend the following PC-based accounting system for UHA: *Name of system:** Sage Intacct Strengths: * Comprehensive functionality * Easy to use * Secure * Cloud-based Weaknesses: * Can be expensive * Requires some training to use effectively Migration Plan: | recommend a pilot/phase migration plan for implementing the new AIS. This plan will involve implementing the new system in phases, starting with a small pilot group. This will allow UHA to test the system and identify any potential problems before rolling it out to the entire organization. Section 5: Use of Microsoft Office and Other Tools Microsoft 365 can be used to supplement the billing, collections, payments, and reporting activities for UHA in the following ways: *Billing:** Microsoft Excel can be used to create and manage billing templates. *Collections:** Microsoft Dynamics 365 Sales can be used to track customer interactions and manage overdue payments. *Payments:** Microsoft Power Automate can be used to automate tasks such as sending payment reminders and processing electronic payments. *Reporting:** Microsoft Power Bl can be used to generate reports on UHA's financial performance. Section 6: Impact of Technology Advances The following technology advances can be used in coniunction with the recommended Section 6: Impact of Technology Advances The following technology advances can be used in conjunction with the recommended AIS: *RPA:** RPA can be used to automate manual tasks such as data entry and invoice processing. *Blockchain:** Blockchain can be used to create a secure and transparent record of financial transactions. Section 7: Challenges to Automation