What are the implications if an organisation is switching to an electronic payment system from a manual payment system?
A)Access security
B)Timing
C)Cash flow
D)All of the options are correct

Question

Quizplus · Accepted Answer

All of the options are correct.

Switching from manual to electronic payment systems has various implications for an organization. Firstly, access security becomes a major concern as the new system requires secure access controls to prevent unauthorized access to sensitive information. Secondly, timing issues may arise as the organization may have to adapt to new schedules and deadlines for processing payments. Finally, the transition to electronic payments may cause fluctuations in cash flow as the organization adjusts to the new system. Therefore, all of the options given in the question are correct.

What Are the Implications If an Organisation Is Switching to an Electronic