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Importance of Enterprise Resource Planning in Singtel Optus Pty Limited

   

Added on  2023-03-20

13 Pages2965 Words89 Views
Running head: MANAGEMENT
Management
5/12/2019
Importance of Enterprise Resource Planning in Singtel Optus Pty Limited_1
MANAGEMENT 1
Table of Contents
Introduction................................................................................................................................2
Overview of Singtel Optus Pty Limited.................................................................................2
Reasons for selection ERP.....................................................................................................3
Alternatives present for ERP..................................................................................................4
Net Suites...........................................................................................................................4
Sage Intacct........................................................................................................................4
Oddo...................................................................................................................................5
Oracle ERP Cloud..............................................................................................................6
Recommendation of selected ERP.........................................................................................7
Impact of the socio-economic issue.......................................................................................7
Position of Optus in Australia................................................................................................8
Conclusion..................................................................................................................................9
References................................................................................................................................11
Importance of Enterprise Resource Planning in Singtel Optus Pty Limited_2
MANAGEMENT 2
Introduction
A business software solution is one of the scheduled and organized procedures used to fulfill
the needs of the business. Utilization of the business software, support in the abolition of
human errors which results in consistency and effectiveness. The use of business software is
essential for finishing the task and reporting of business activities. It also increased the
effectiveness and efficiency of the activities of the company. In addition to this, it supports
operating the activities of a business in a smaller time period that decreases the pressure or
workload1. The key purpose of business software is to maintain and control the operations of
the company. The intent of this paper is to highlight the importance of Enterprise resource
planning business software its benefits after the implementation in Singtel Optus Pty Limited.
By performing proper alternative options analysis of ERP solutions, one best solution will be
selected that could provide increased productivity to the company.
Overview of Singtel Optus Pty Limited
Singtel Optus Pty Limited is the biggest company of the telecommunication industry of
Australia. The company is completely owned by Singtel Company with head office in
Singapore. The company majorly operate its activities under the brand Optus, while
maintains a number of completely owned subsidiaries like Alphawest, Uecomm, and Virgin
Mobile Australia. In order to serve in the market, Optus adopts its own infrastructure of the
network, and also make use of wholesale services of the National Broadband network and
Telstra. It offers retail services straight to the customers and also works as the wholesaler for
other providers of service like Amaysim and Exetel. With the introduction of Optus 'Yes'
1 Mihiri, Wickramasinghe and Nhk, Cooray, ‘Impact of accounting software for Business Performance’ (2017)
3(5) Imperial Journal of Interdisciplinary Research, 1-6.
Importance of Enterprise Resource Planning in Singtel Optus Pty Limited_3
MANAGEMENT 3
brand, company offer wireless internet and broadband retail services. Besides this, the retail
services offered by the company are 4G Mobile and Satellite2.
Reasons for selection ERP
Optus is said to be one of the leading company in the telecommunication industry that is
putting maximum efforts to fulfill the changing needs of the consumers. Though, the
executed business software system does not support the company in maintaining information
privacy, which results in increasing the issues related to security. In order to avoid the
consequences, the company announced regarding the steps taken in order to protect the
private information of the customers and security of 3, 00,000 consumers. Private
information hacking has intensely affected the company's brand image3. This issue has been
arisen within the business due to lack of corporation and teamwork in the company. In
addition to this, the company lacks an effective integrated business software system which is
required to have organized and flawless operations. Hence, the execution of the effective
enterprise resource planning system in the business can help Optus to enhance its market
image and protect the privacy of the customers. Enterprise resource planning is the business
software solution that is utilized by the businesses in order to integrate and manage the key
portions of their operations. There are a number of ERP software applications that are present
in the market for the support of the business in order to integrate the procedure such that
business can be operated under a single system. An ERP system could integrate purchasing,
marketing, human resource, marketing, and planning4.
2 Bloomberg, SingTel Optus Pty Ltd (12 May 2019) < https://www.bloomberg.com/profile/company/CWO:AU>
3 Nestor, Arellano, Company uses decoy systems to trap hackers (12 May 2019)
<https://www.itworldcanada.com/article/company-uses-decoy-systems-to-trap-hackers/100809>
4 Agnieszka, Ociepa-Kubicka, ‘Advantages of using enterprise resource planning systems (ERP) in the
management process’ (2017) 89(2017) World Scientific News 237-243.
Importance of Enterprise Resource Planning in Singtel Optus Pty Limited_4

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