Information System: Xero

Running head: INFORMATION SYSTEM
Information System: Xero
Name of the Student
Name of the University
Author’s Note:

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INFORMATION SYSTEM
Table of Contents
1. Introduction............................................................................................................................2
2. Discussion..............................................................................................................................2
2.1 Detailed Description of the Organization and Selection of a Product.............................2
2.2 Importance of Information Systems to support Business Strategies and obtaining
Competitive Benefits..............................................................................................................3
2.3 Contribution of Information System towards Organizational Success............................4
2.4 Identifying Three Alternative Solutions of Information System with Relevant Details..5
2.5 Discussing about Distinction within In House Development and Outsourcing Elements
in Xero....................................................................................................................................9
2.6 Justifying Major Requirement or Need of the Information Systems in Xero................10
2.7 Justifying Selection of the Product of Information System for the Project...................11
3. Conclusion............................................................................................................................11
References................................................................................................................................13

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INFORMATION SYSTEM
1. Introduction
Information system or simply IS could be stated as a significant collection of
organizational, social technical and even formal systems that are effectively designed to
properly collect, process, store and finally distribute the information (Schwalbe 2015). The
information system can be termed as quite vital and noteworthy for bringing out new benefits
and features within the business with the subsequent purpose to eradicate any kind of issue or
complexity that is associated to this information management. As, it can easily improve the
entire procedure of decision making, it is being analysed that every important and famous
company in the world is utilizing this specific system within their respective businesses
(Dutta, Geiger and Lanvin 2015). This report will be providing a detailed analysis on the
need of IS within one of the Australia’s largest software company, Xero. It is a software as a
service or SaaS industry that offers cloud based accounting software platform for their
customers. Various details regarding this type of requirement will be provided in this report.
2. Discussion
2.1 Detailed Description of the Organization and Selection of a Product
Xero is an Australian Stock Exchange listed public software organization, which
mainly offers cloud based accounting software to their users like small and medium sized
companies (Xero.com. 2019). They are mainly into SaaS services, which are sold by
subscription on the basis of number and type of the organizational entities that are being
managed by them.
The most popular as well as noteworthy IS product is ERP or enterprise resource
planning software. This specific product could be made better by successfully implementing
a decision support system. Quality of decision in the business is highly enhanced with this
information system.

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INFORMATION SYSTEM
2.2 Importance of Information Systems to support Business Strategies and obtaining
Competitive Benefits
These specific information systems are mainly consisted of four typical and vital
systems for organizational people, structure, technology and task. An effective information
system comprises of the main goal to support entire procedure of decision making, operation
execution and efficient management (Bilbao-Osorio, Dutta and Lanvin 2013). This is the
significant part of ICT or information and communication technology that a typical
organization uses for ensuring that proper interactions with technologies or any supporting
business procedure are done effectively. These types of information systems are solely
responsible for interrelating with the several activity systems and data system.
Each and every business firm is completely dependent on the information systems to
carry out management of operations, interactions with suppliers as well as customers and
even maintaining a healthy competition within market place (Marchewka 2014). All of these
systems could be utilized for effectively running an inter-organizational chain of supply or
electronic market. All of such corporations are vital to process their respective financial
account so that it becomes easier for the organization to manage the human resources, thus
reaching out to the potential clients. All of the companies are properly built over an
information system and hence efficiency and effective are enhanced majorly.
The business strategies are highly supported with the successful implementation of
such systems. As it is effective for increasing competitive benefits in the company,
information systems are termed as the most effective and efficient requirements in a business.
Moreover, it even enhances the entire process of decision making by providing better
decisions (Holtshouse 2013). By supporting the business strategies, the respective
organizational strategic objectives are also fulfilled. A perfect aligning of business strategies