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Thursday, February 20, 2014

Different Aspects Of Nigerian Financial Software Development

By Marcie Goodman


Financial software is a system of applications that are used to record various types of accounting information. The records that are reflected in these systems are those of expenses and incomes from specific accounting periods. The systems have special accounts into which the receivables and other types of expenses are entered into. The Nigerian financial software development process should take care of various needs by a firm. Before the process is embarked on, there is a need to define various problems that these organizations face.

The definition of various features and the data types is commonly done by the use of special tools that are offered by accounting applications. There are various types of forms, tables and other tools that define what will be inputted into these systems. These tools commonly represent what is to be recorded for a particular organization. The tools require that the data of the same type ought to be entered into these forms and tables.

An organization is examined well so as to establish the various needs within such organizations. The firm assessment processes form the basis on which various demands by the users and employees are highlighted. The current systems are taken into consideration. The examinations of these systems establish what need to be changed or upgraded during the construction of new systems. The problems at hand are then broken down into a series of coding problems.

Once the problem has been established, the developers embark on charting a path that will be used in finding the solutions. The process of developing various applications is very complicated. A special team is assembled by the developers. Each of the members within this team is assigned as special role. Some are entrusted with the data collection and information organizations. Other players have a role of parameter assessment. The information of various players is consolidated during the programming and coding of problems in question.

Coding is done by programmers and this puts the problems in question into a perspective. The process is managed by project managers with special skills in computing. Various programs are used in the process of entering the codes into the computers. The codes are broken down into smaller applications which are dealt with at each stage. Once the coding of these bits has been completed, the final project is assembled into the final piece.

There are several constraints that the managers are faced with. In most cases, costs of developing the programs may end up rising more than expected as a result of inflation. Budgets get out of hand. The delivery of systems under consideration may be delayed as a result.

The implementation of projects needs to be approached with a lot of care to reduce the risk of failure. Most of the managers use the parallel implementation strategy. The old systems are run parallel with the new ones for a specified period of time. Once the managers have been assured that the systems meet the objectives, the old ones are eliminated.

The Nigerian financial software development process is done in accordance with the international standards. The computing standards ensure that the projects that are implemented have certain qualities. Through the standardization process, the risks in the computing world are reduced as the systems are thoroughly tested.




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