Financial justification of a new information technology system
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Financial justification of a new information technology system is difficult at best because many of the advantages are intangible. Routine capital budgeting often overlooks six areas of cost savings or revenue-enhancement factors that are realized with new technology. What are four of these factors? Why are these factors important?
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Solution Summary
Financial justifications of a new information technology system is examined.
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Running Head: FINANCIAL JUSTIFICATION
Four Areas for Cost Saving
Key Areas for Cost Saving
The capital budgeting decision of an organization looks at the various areas or factors, through which the cost of the organization could be saved or revenue could be enhanced. There are several factors, which are used to justify the new information technology system financially. In concern of the new technology following are the four important areas, which are overlooked in routine capital budgeting in order to save the cost or to enhance the revenue from the use of new technology - ...
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