Designing and implementing a system for the company is similar to constructing an infrastructure of a city. In financial and administrative systems, all standard transactions are regulated and flowed in an orderly manner to the right person at right time. A set of financial and administrative systems could be designed and implemented as follow:
• Organization Chart and Job Description.
• Pay Scale.
• Administrative Procedures.
• Financial, Accounting and Costing Systems.
• Stock Control Systems.
• Fixed Assets Control Systems.
• Internal Audit Systems.