Q.Distinguish between ready-to-use, customised and tailored accounting software.
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Start your 14-day free trial to unlock the full solution →Ready-to-use, customised and tailored accounting software differ from one another on several practical factors that a business weighs before choosing between them.
Ready-to-use (off-the-shelf) software is a standard package developed for a wide range of businesses and sold without modification; it is the lowest in cost, the quickest to implement, and relatively easy to learn because training material for a widely-used package is readily available, but it offers the least flexibility, since the buyer must generally work within whatever the standard package provides. Customised software takes an existing general package and modifies it to meet certain specific additional requirements of a particular business; its cost and implementation time are moderate — higher than a ready-to-use package because of the customisation work involved, but lower than building an entirely new system — and it offers moderate flexibility, since further changes are usually possible but only within the limits of the underlying base package. Tailored software, by contrast, is built entirely from scratch to meet the exact requirements of one specific organisation; it is the most expensive and the slowest to implement, since the whole software must be designed and developed rather than adapted from an existing package, and it requires the most dedicated, ongoing training because its logic is unique to that one organisation — but it also offers the greatest flexibility, since it can, in principle, be altered or extended to match any future change in the organisation's own req …
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