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One of the Most Important Parts of Systems Implementation That

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One of the most important parts of systems implementation that is often overlooked or minimized is


Definitions:

Net Income

The total profit of a company after subtracting all expenses from revenue.

Assets

Resources owned or controlled by a business, expected to bring future economic benefits.

Liabilities

Financial obligations or debts owed by a business to external parties, which must be settled over time through the transfer of economic benefits.

Insurance Premium

A periodic payment made by an individual or company to an insurance company in exchange for coverage against specified risks.

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