Strategic Information System for Commonwealth Bank of Australia

Running head: STRATEGIC INFORMATION SYSTEM
Strategic Information System
[Name of the Student]
[Name of the University]
[Author note]

Table of Contents
Introduction:....................................................................................................................................3
Company Background:....................................................................................................................3
Structure of the Organization:.........................................................................................................4
Problems faced by the Organization:...............................................................................................4
Strategies by the Organization:........................................................................................................6
Method for System Acquisition:......................................................................................................7
Problems related to controlling of the system:..............................................................................10
Designing of the processes:...........................................................................................................10
CRM or Customer relationship management:...............................................................................10
Accounting software packages:.....................................................................................................11
Market Size............................................................................................................................11
Market Leaders and Competitors...........................................................................................12
Conclusion.....................................................................................................................................13

Introduction:
This report provides an overview of the Accounting software which is associated with
execution along with the tracking and operating the various transactions of the different
departments of accounting with diverse models which are very much effective. The “accounting
system software” is mainly associated with working as the information system for accounting.
This literature review is mainly associated with outlining the various discussions about the
famous bank of Australia known as the Commonwealth Bank. The review greatly helps in
understanding the structure of the organization along with understanding the various problems
faced by the organization which might include the inefficiencies or the errors. The review helps a
lot in understanding the flowchart of the sales and also the shares that the Commonwealth Bank
is having. This literature review also consist of the various leaders of the market or the size of the
market or the competitors present in the banking market.
Company Background:
The Commonwealth Bank of Australia is considered as one of the recognized bank of
Australia and has its branches in Asia, US and many other countries as well. The bank is
associated with providing a diverse services related to financing which might include the
management of funds, investments and the loan services, organizational banking, retail banking
and many more. According to ASE or the Australian Securities Exchange the Commonwealth
Bank is the best bank of the year 2015. The organization started its banking services in the year
of 1911 by the Australian Government (Commbank.com.au 2017). This bank is one of the top
four bank in Australia. The main competitors of this bank are the other three banks which are
namely the ANZ bank, Westpac and the Australian Bank or eth NAB.

Structure of the Organization:
The structure of the organization mainly consists of the management section and the
corporate section along with the managing bodies and also the employees (Macdonald, Burke
and Stewart 2017). The structure of the organization has been provided below which shows the
various managing bodies and also the top management as well as the middle management and
the lower management:
Structural Overview of the organization: Commonwealth Bank of Australia
Problems faced by the Organization:
The Commonwealth bank of Australia is considered as one of the top four banks of
Australia. But despite of being one of the major banks of Australia it has been facing a major