Implementation of an Automated Purchase and Payment Process, accounting homework help

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Business Finance

Description

Ralley Inc. is beginning a project to convert their paper-based manual purchase and payment process to an automated process in their new system. What recommendations would you make to redesign the process and implement best practices?

Your well-written paper should meet the following requirements:

  • Be 3-4 pages in length
  • Be formatted according to APA
  • Cite a minimum of two scholarly sources,

Write clearly and logically, as you will be graded on content, analysis, and your adherence to the tenets of good academic writing, which should be succinct where possible while also exploring the topics appropriately. Remember that you can always improve your work by providing support from outside scholarly sources, which help both to bolster your own assertions and supplement your ideas.

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Running Head: Implementation of an Automated Purchase and Payment Process

Assignment Title: Implementation of an Automated Purchase and Payment Process

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Implementation of an Automated Purchase and Payment Process

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Recommendations for Implementation of an Automated Purchase and Payment Process
Introduction
The rate of growth and development of a business enterprise has a close correlation to the
mode and process of making purchases and paying for them (Monczka, et al., 2015). The
mechanism that a company utilizes during such undertakings would d etermine the speed and
efficiency with which such transactions get done. Managerial and operational best practices
require that the engagements in the business environment follow and adopt schemes that hasten
business and minimize loss to help the participating entities to reap maximum profits during the
process. Ralley Inc. is one of those firms that have had paper-based manual methods of doing
purchases and payments for some years (Chang, 2016). The company needs to transform and
advance the platforms of doing business so that to catch up with other market players and
embrace the stipulated best practices in business. The primary focus of this discourse is to give
recommendations on the process of implementing an automated purchase and payment process
for the company....


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