HI5019 Strategic Information Systems Report || Holmes Institute

REPORT

Summary
The report is based on the Australian software package which includes the Commonwealth Bank
for the proper processing of the technologies. The report is about how Commonwealth focus on
the operational issues with the usage of best ERP systems so that they can handle their
accounting software package. There are certain some issues in the organization, which are
discussed along with focusing on which AIS package is best for the market and for the company.
We have considered that Xero is found to be matching all the requirements of Commonwealth
Bank.

Contents
Summary..........................................................................................................................................1
Introduction......................................................................................................................................3
Part A...............................................................................................................................................3
Organizational Structure..............................................................................................................3
Operational Issues........................................................................................................................4
ERP systems................................................................................................................................4
Flowchart.....................................................................................................................................5
Possible issues.............................................................................................................................6
Part B...............................................................................................................................................7
Accounting Information System Package...................................................................................7
Market Size..................................................................................................................................7
Leaders in the market...................................................................................................................8
Limitations...................................................................................................................................8
Recommendations............................................................................................................................9
Conclusion.......................................................................................................................................9
References......................................................................................................................................10

Introduction
The report focuses on how the accounting information system is able to handle the collection,
storage and the processing of the financial and the accounting data that is being used by the
different decision makers. The context of AIS is taken with respect to Commonwealth Bank in
Australia, where how it has been able to incorporate Xero as the accounting software package
which provides the secured data feed solutions for the business. All the small business customers
are also required to work on the applications for the data feed where Commonwealth Bank focus
on delivering the simple, and the best functionality to make the life of the people easy. The
report also focusses on the ERP systems and the structure which relates to managing the resource
planning with the improved setup process and secured connection. The company CBA will
define how the inefficiency and the errors need to be evaluated with the standards set to meet the
accounting forms. For Commonwealth banks, the accounting software is important to handle the
payroll management in the system along with the proper analysis of the inventory. Through this,
there is a proper access to the small business systems along with handling the data security. The
solutions are based on working over the NetBank and Xero systems that hold the reconciliation
of the functionalities.
Part A
Organizational Structure
As per the decision of the Managing Director of Commonwealth Bank, the structure is aligned
on the development of product and the service delivery. This is important for handling the
customer segments with the changed responsibilities for the leadership team (Commbank.com.au.,
2017). The structure focus on the customer base, where there are retail banking services where