The Strategic Information System

Added on -2020-02-23

| HI5019| 17 pages| 2584 words| 33 views

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Running head: STRATEGIC INFORMATION SYSTEMSTRATEGIC INFORMATION SYSTEMName of the studentName of the UniversityAuthor note
1STRATEGIC INFORMATION SYSTEMExecutive summaryThe aim of this report is to discuss about the organizations which use the accounting software.The accounting software takes an important role in the organizational management. Theorganizational structure of Macquarie is discussed and the challenges regarding theorganizational accounting software is also discussed in this report. It is concluded that thesoftware should be designed in order to maintain the security of the organization and users.
2STRATEGIC INFORMATION SYSTEMTable of ContentsIntroduction......................................................................................................................................4Part 1................................................................................................................................................41. Current Organizational Structure.................................................................................................42. Operational problems due to the present structure......................................................................63. Suitable system acquisition method.............................................................................................74. Describes and prepare a system flowchart of the sales procedures for the chosen organization85. Identification of the control problems in the system and possible frauds in the system.............9PART 2............................................................................................................................................91.Development and adoption of the accounting software packages................................................92. Current market size....................................................................................................................103. Leaders in the market and competitive advantage among them................................................114. Current gaps or challenges encountered by users or customers of accounting software...........125. Recommendations for the accounting software.........................................................................12Conclusion.....................................................................................................................................13References......................................................................................................................................14
3STRATEGIC INFORMATION SYSTEMIntroductionWith the advancement of information technology and computer science severalaccounting software are discovered and implemented in many companies. This type of softwarehas brought a real time response in the organization’s functionality. Macquarie is an Australianfinancial organization which also implements accounting software to get an integrated and fasteraccounting service.In this report the advantages and security related issues of accounting software arediscussed on the basis of implementing those in Macquarie.Part 11. Current Organizational StructureMacquarie is one of the biggest organizations in Australia. It mainly deals with the globalinvestment and banking and diversified financial services. The head quarter of Macquarie issituated in Sydney. It has a huge number of employees which is almost 14000 and it has severaloffice locations in more than 28 countries all over the world (Arvidsson, Holmström andLyytinen 2014). Macquarie has a well structured company having five operating groups and itsstructure is a non hierarchical one. There is a central group which is consisted of the managingdirector and the executive committee is consisted of Global chief operation officer and the headsof major operating groups. The risk management group, legal management group, financialmanagement group, corporate operation group are the parts of the operating team. It is very

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