Strategic Information System for Business and Entrepreneur

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Strategic Information System for Business and Entrepreneur
By (Name)
Course
Instructor’s Name
Institutional Affiliation
The City and State
The Date

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Executive summary
This report illustrates the key business processes for Eureka limited, that is to say, process
improvement, quality and change management, technology management and customer
relationship and strategy. In addition, the paper illustrates the major control risks for the business
process that range from various activities such as authorization, reviews of business operation,
security, and verification. The major control risks for Eureka include Information Technology
application controls, Information Technology General and manual controls. Also, the paper
illustrates the Systems requirements such as the features of the accounting software that is to say;
payroll, security, payment processing, and many others. The report also makes a comparison of
two accounting software in terms of their features and functionalities that is to say; the payables
of MYOB and Xero, the ease of use of the two systems and many others. Also, the paper
indicates that Xero is the most suitable and accounting software that should be used by Eurake
because of its efficiency and effectiveness to the business.
Contents

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Executive summary...............................................................................................................................2
Introduction...........................................................................................................................................4
Business requirements...........................................................................................................................4
Systems requirements............................................................................................................................6
Software selection..................................................................................................................................8
Vendor selection...................................................................................................................................10
Conclusion............................................................................................................................................15
References............................................................................................................................................16

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Introduction
For the purpose of this paper, we shall be in the position to prepare a report evaluating
and recommending an accounting software for Eureka limited. As a result of the continuous
growth of technology, computer operations are considered to be more essential for business
across the world. This report aims at making an analysis of the accounting software on how best
they can maximize effectiveness and efficiency in the business transactions of Eureka limited.
Further, the report will illustrate various business requirements that should be considered before
using given accounting software, for example, the key business processes of Eureka and the
major control risk for the business processes of the company. Also, the paper will explain the
mechanisms to be followed while making a selection of various accounting software packages
for example, the accounting software package vendors, and the category of the accounting
software such as the low, medium and high-end software. In brief, the paper will examine the
most suitable accounting software that Eureka limited should use by making a comparison
between the two accounting software packages selected from the category (Malhorta, &
Temponi 2010).
Business requirements
The key business processes for Eureka Limited
As a result of the continued growth of Eureka Limited in terms of its sales revenue to
more than US$ 18.5 million during the previous years, the company will need to add more core
processes or sub-processes. These key business processes or sub-processes of Eurake limited
include process improvement, quality and change management, technology management and
customer relationship and strategy. In this case, business process change, quality improvement,
and change management aims at improving the optimizing and improving the business of an