This section covers the general level of implementation difficulty that will arise when installing the best practices discussed later in this chapter. This information is primarily contained in Exhibit 13.1, which shows the cost and duration of implementing each best practice.
|Best Practice||Cost||Install Time|
|13–1||Consolidate all accounting functions|
|13–2||Continually review key process cycles||
|13–3||Create a policies and procedures manual|
|13–4||Eliminate all transaction backlogs|