You are a member of a project team for the implementation of a new bank reconciliation accounting software for your company. Due to the size of your company, the daily transaction volumes are over 5,000. The project team has narrowed down five suppliers for the software. From there you are required to make your input as to which would be the most suitable for your company. As a participant, the most likely response would cost. But there should be other things to consider such as:

The sustainability of the software. Is this a reputable provider or is it a sole trader? What are the consequences if he should no longer operate

Does the provider have the network and systems capability to manage such a database? What are the backup requirements

How will software updates be made

How much time will it take to implement

Who will train the staff?

A system call BANKDOC1 was selected. At implementation, the information was correctly loaded to the system and the daily reconciliations were performed accurately. During week 2, your Bank communicated that there would be a change in their system as they were now utilizing a new platform. As such, some of the required fields for BANKDOC1 would now be eliminated on the Bankside. From the scenario above about using BANKDOC1.

Define the problems?

Identify the core issues?

Describe what action you would take to solve this problem?