Siebel and Teradata Customer Relationship Management System
Added on -2020-02-19
| 15 pages| 3021 words| 45 views
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STUDENT NAME STUDENT ID SUBJECT TOPIC INSTRUCTOR DATE
TASK A ICT SWOT ANALYSIS FOR NATIONAL AUSTRALIAN BANK (NAB) Strengths: Incorporation of the Siebel and Teradata Customer Relationship Management (CRM) systems in NAB’s operations has made it one of the leading financial service provider and the largest business bank asset-wise. UBank delivers a way of saving and provides home loans online thus enhancing the efficiency of operations in NAB. It also offers satisfactory personal and business financial services. Weaknesses: UBank is unreachable by people with no access to the internet Inaccessibility by illiterate people It has no global approval Installation and maintenance expenses Subjectivity to system malfunction which could lead to loss of incredibly high amounts of money as was the case in November 2010. Opportunities: oFast growth as a result of increase in efficiency oIncrease in market size oCustomer satisfaction due to increased operational effectiveness.
oAbility to install modern technology as a result of its good revenue (Pandya, S., & Pandya, S., 2017). oExpansion of UBank in other countries all over the world oDiversification of customer portfolios oIncorporation of different types of loans, for example school fees. Threats: I.Competition from other financial institution who provide online customer services such as Commonwealth Bank, Australia and New Zealand Bank (ANZ) and Westpac Bank. II.Assimilation of Information Technology (IT) in the bank subjects it to cybercrimes, cyber warfare and cyber espionage, such as hacking. This could lead to corruption of essential irreplaceable files thus loss of currency and possibly some clients (Ramkuma et al, 2016). III.Changing government policies such as decrease in interest rate IV.Changing economic conditions which could lead to a recession.
TASK B ENTERPRISE RESOURCE PLANNING (ERP) Abstract Enterprise Resource Planning (ERP) is an integration of a business’ fundamental processes facilitated by technology and the organization’s need for expansion. It grasps all the departments of the specific organization such as accounting and finance, sales, purchases, Supply Chain Management (SCM) and inventory. Just like other technological aspects, ERP has evolved over time aiming to capture all the essential features of a business. Its advantages include enhancing flow of information in the business and protecting sensitive data from competitors and other external agents while its drawbacks revolve around high installation and maintenance costs. Connecting ERP to the plant floor data takes place in various ways such as direct integration and custom integration solutions depending on the vendor involvement. ERP implementation can be a long process depending on the organizational needs, number of modules, the organizational promptness in obtaining the software, the size of the organization and availability of financial resources.
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