Strategic Information System for Business and Entrepreneurship

This document discusses the strategic information system for business and entrepreneurship. It provides an executive summary, introduction, and main body that covers key business processes, control risks, and features of accounting software. The document also explores the benefits of implementing an accounting information system like Oracle ERP and MIS. It is suitable for students studying strategic information system, business, and entrepreneurship.

Strategic information system for business and
entrepreneurship

Contents
Strategic information system for business and entrepreneurship....................................................1
Executive summary.........................................................................................................................3
Introduction......................................................................................................................................5
Main body........................................................................................................................................5
Key business process for Eureka Company.................................................................................5
Control risk for the business processes of the company..............................................................6
Feature and functions of the accounting software.......................................................................7
Other features of the Oracle ERP or MIS....................................................................................8
More about accounting software.................................................................................................9
Accounting software for company.............................................................................................10
Functions and the properties of the accounting software’s.......................................................12
Various properties and characteristics of MIS...........................................................................13
Conclusion.....................................................................................................................................14
References......................................................................................................................................15

Executive summary
Accounting information equipment is an organizational oriented tool that facilitates management
to gather, store, examine and communicate the statistics in a quick and efficient way. In other
phrase, this is a tool with a selected reference to statistics and complementary community of
hardware and software. The tool is utilized by the agency to take a choice, evaluation of gaps
inside the procedure and keep the relation with the clients and supplier. Within the modern state
of affairs, corporations are looking to put into effect the software program and structures which
can be technically enhanced and can become useful for organisation as well as help to govern the
general overall performance of the commercial organisation.

Contents
Strategic information system for business and entrepreneurship....................................................1
Executive summary.........................................................................................................................3
Introduction......................................................................................................................................5
Main body........................................................................................................................................5
Business requirements.....................................................................................................................5
The key business process for Eureka Company..........................................................................5
Major Control risk for the business processes of the company...................................................6
System requirements........................................................................................................................7
Accounting software features and functionality..........................................................................7
Other features of the Oracle ERP or MIS....................................................................................8
Software selection............................................................................................................................9
More about accounting software.................................................................................................9
Accounting software which is suitable for the company...........................................................10
Vendor selection............................................................................................................................12
Contrast and compare the Functions and the properties of the accounting software’s.............12
Suitable accounting software and various properties and characteristics of MIS.....................13
Conclusion.....................................................................................................................................14
References......................................................................................................................................15

Introduction
Currently in the world moreover every company are seeking out the implementation of
accounting information system to conquer the problems and set up the automatic process of
dealing with the consumer and enterprise problems. Furthermore, the file will propose the
accounting and useful resource making plans software and device that would be beneficial for
both corporations to reap the dreams and goals. Moreover, the file will examine the challenges
and price of the implementation of the software. Hence for this a limited company named Eureka
which owns 73 employees is taken into consideration. During the past years, it has increased
sales revenue that is more than $18.5 million (Avgerou and Walsham, 2017). This company
running its business for many years and it deals in service of supplying beverages to numerous
businesses and pub chains and it also involves supermarkets.
Eureka corporation having loved all experiences in that means of enterprise sports but in last
some 12 months’ corporation revel in the improvement and a few growths because of its growing
first-class merchandise in the enterprise. Lamentably, the agency has disoriented its current
time's bills and statements due to which it was not able to discover competitive charges and
range for its merchandise.
Main body
Business requirements
The key business process for Eureka Company
 Customer management and relationship: Eureka confined business enterprise having its
business in offering meals and beverages to humans so major commercial enterprise
manner should be the consumer relationship. Via higher and nice commercial enterprise
relations may be made enterprise greater powerful and sincere for others who're wishing
to invest in this agency (Bennett and James, 2017). It additionally helps to business
enterprise to get extra clients and motivate the corporation to produce greater first-class
products. So patron dating is maximum important for Eureka business enterprise.
 Customer management service: this organization having it focus additionally in the
direction of management of customer support because the best purchaser is very
beneficial for a commercial enterprise like this. It has made a few rules and methods to

control it. It ought to offer meals to the purchaser on time and preserve an easy and clear
report of its all orders there has to be no ambiguity in it.
 Fulfilment of the order: organisation also give attention to achievement the needs and
orders of clients at a time. Having additionally complete knowledge approximately their
satisfaction and selections. The organization should put in force new modifications in
commercial enterprise and products in line with its consumer's alternatives. A business
enterprise having the staff that works correctly and complete the orders at a time, there's
no put off to satisfy the customer's order, it provides assistance to corporation getting
client delight.
Major Control risk for the business processes of the company
 Imaginative new products with some changes, decide the technique of packaging and
implementation of solutions without taking any additional hazard into new markets
(Busco and Quattrone, 2015).
 To provide excellent quality, green and better packaging with profitability to
multinational customers on a normal foundation.
 Attains and manage all sports associated with complying with up policies and regulations
of government and industry regulation related to environment and society.
Agency operating in its commercial enterprise in a conventional way and have no longer use any
new strategies in it for its sports. It employer but it made many inaccuracies, ambiguity and
inconsistency for the company and its personnel. There was an organization used guide
accounting machine and having conversation hole, now not any verification of statistics entry of
personnel and for his or her revenue. Those are chef issues that have an effect on the business
progress and operating approaches in it, it additionally has an effect on the choice making of
managers in an organization (Christensen, Nikolaev and Wittenberg‐Moerman, 2016). There
issue of control information system and because of this they are not able to have better
communication among provider and management and having exact records about employees.
There are numerous works associated with bills however due to proper management accounting
system these have become inaccuracy and ambiguity with transactions related to finance. Some
accounting transactions are very essential to report very carefully however manual accounting
does not fulfil the desire of corporation of having better accounting announcement (Collier,
2015).

To control these problems there are some solutions- the company had many problems related to
collect, evaluate, manage and provide knowledge to employees related to the financing of the
company? For improvement in these problems, the company need to implement some accounting
software like Oracle ERP and MIS. it'll offer help to enterprise in product planning, production,
its advertising and additionally in supplying merchandise to clients. Oracle ERP device help
company to decide automatic peering of selecting orders and deliver to clients for the company.
similarly, it available monthly precis of all transactions which are recorded on this accounting
software program and it's going to help the organisation to make higher decisions in keeping
with their troubles that wish to ignore with the aid of enterprise (Constantiou and Kallinikos,
2015). The organization will be beneficial after adopting this Oracle ERP software for its
organisation because it compares all generated invoices and preserves coins glide in business.
With the assist of this corporation analyses all transactions and making them beneficial for the
future.
System requirements
Accounting software features and functionality
The primary sports of the company are planning and innovation of product, production of it
consistent with the demand of purchaser, packaging of merchandise, offering them, a charge of
service. It presents all facts and a database to an organisation with the integration of information
and made real-time facts. Eureka agency purchase 425 farms, produce, package and deliver the
goods domestically level and global basis. Oracle ERP system works on real-time, not on a
periodic basis and real-time information help enterprise. Accounting for economic activities,
employees and purchaser information, agency searching for adopting accounting software
program (Flammer and Luo, 2017). Oracle ERP gives not an unusual database for all sorts of
utility utilized by enterprise and arranges all information in the single category. In reality, it has
taken time, to manipulate all operations and statistics however continuity and development show
beyond limits. Via the usage of Oracle ERP gadget pinnacle management can make higher
selections send put in force them in employer without dealing with any problems and problems
which might be above facing.
ERP affords boost equipment for economic accounting, budgeting, cost control accounting,
human resources and order processing so this will be effective and appropriate software for the

corporation. Eureka organisation might attain all relevant and effective facts with the aid of
higher supply chain control, maintain higher consumer relationships and hold interface for
consumer, supplier and personnel (Johnson, 2015). In Oracle ERP machine employer can control
its accounting statistics in the very handy and smooth way due to the fact its far database
accounting system and it offers control to apply operations as according to want in the software.
The effective and whole monitoring of this transaction and help to determine cash inflow and
outflow with every transaction.
Other features of the Oracle ERP or MIS
 The flow of the information: MIS system that is effective and to is had a non-stop float of
data associated with data entry allows the control to take higher choices. In MIS cash
transactions made in digital format and it conjoins the provider and shops at once so
nowadays it can be feasible to made continual consumer records.
 Making of decision: MIS device gives real-time primarily based information and it gives
research as required for better choice making to the corporation and its managers.
 Data collection: Computer systems and present-day technology are typically utilized in
MIS device, they available and help the gadget to acquire, combine and manage records
of quantity (Lev and GU, 2016). MIS device mixes each antique and new accounting
records and avails information to perceive modern developments.
 The process is complex: Making and keeping MIS gadget is a perplex technique in
particular for the ones groups which can be worried about worldwide degree commercial
enterprise. It needs to convince every enterprise to control approximately time value and
accurate data, data.
 It is economical: it helps in retaining massive records’ and prepared database with a
laptop may be very clean and much less high priced. It does not include all information it
only maintains fundamental and required facts in it that is relevant for enterprise and as
resultants, it reduces charges and efforts in records’ collecting.
 Variety: it helps in retaining massive records’ and prepared database with a laptop may
be very clean and much less high priced. It does not include all information it only
maintains fundamental and required facts in it that is relevant for enterprise and as
resultants, it reduces charges and efforts in records’ collecting (Loughran and McDonald,
2016).

 Future ready: Marketplace is fluctuating and having converting environment so MIS is
designed to accumulate statistics and solving troubles, assume future situations. It is a gift
and future-oriented. It far selective and presents help to managers to make better
decisions.
 Flexibility: The accounting gadget should be bendy so changes can be implemented
easily because the generation is converting fatly it gives accuracy, application.
Software selection
More about accounting software
To meet out main targets and dealing with enterprise sports, its miles required to Eureka to select
and apply accounting software to be able to help the organization to enhance the operational
procedures and policies. In the present time and market, there is numerous kind of accounting
software that improves guide dealing with and maintain all transactions and specific facts of
clients. After figuring out the necessities and tactics of employer MYOB that is sort of an
accounting software could be referred. MYOB accounting software program is the best option
for the one's business who contains in presenting online and offline interface for approaches
related to the organization (Maas, Schaltegger and Crutzen, 2016). This is very beneficial
software to accumulating, enforcing and document of each fact and transaction associated with
the customer and their orders. MYOB is the terrific accounting software because it provides
applicable data to take a better choice by managers that is help the boom and increment the
income of the organisation. It’s far very useful information for managers in affecting the
operational method incorporation due to the fact provided facts associated with income and assist
the management to help the conducting sales sports. on this accounting software the information
and records’ are supplied in layout, tables, text and in shape of graphs also that may be read and
apprehend effortlessly. For prolonged and complex calculations, MYOB accounting software
gives formulation and with the assist of its clinical and statistical data and calculation can be
finished in very much less time and with all accuracy. This is very helpful for selection making
and helps in making planning operational tactics.
 Application: For the implementation of these accounting software programs particularly
MYOB and CRM, business enterprise calls for to accumulate statistics’ and examine
approximately value and other desires like hardware and software machine. After

studying the price of software program is about $75000 and different charges of set up
costs, advisory service costs will growth typical price of software program. To proper and
effective use may be carried out simplest after presenting proper training to personnel and
who works in this software, for this corporation requires to appoint information (Maskell,
Baggaley and Grasso, 2016). For this employer requires to arrange fund for choosing
accounting software and hire new personnel who can recognize it in a quality manner and
might paintings on it, buy the hardware and additionally having an infrastructure for
making use of the accounting software program’s ton maintain effectiveness.
For Eureka organisation, Oracle ERP is the first-class accounting software program with a
purpose to offer better answers to the organisation for issues which can be faced via it in advance
time and it'll be low-budget and below the finances of the employer. It available all the
capabilities and tactics associated with software and powerful for business enterprise (Otley,
2016). Eureka enterprise includes 400 round personnel in three essential departments like in
manufacturing gadget, other is management device and ultimate is deliver gadget. Its biggest
garage facility displaying 25000tonnes storage and having milling facility displaying also17000
rectangular ft. For maintaining stock information and group of workers employees information
Oracle ERP is to be chosen as the best option by using the organization for operating. The
selection and implementation are based on desires and troubles in the agency which are having
maximum impact on operational sports in the organization.
Accounting software which is suitable for the company
Software for an employer having many functions which might be helpful for a corporation to
manage its sports. From this accounting software making plans, improvement of facts and its
sharing so many sorts of software may be beneficial for an agency there are some sorts of
software:-
 Accounting: On this many kinds of accounting software’s that help for recording and
preserving for financial records and data of agency. With the help of this accounting,
software-corporation can control its transaction related to debts payable, debts
receivables and trial balances of the enterprise. It additionally includes third-party
celebration software named as internet allow. For handling the accounts associated
records can be manipulated with these numerous sort of accounting software programs. It
affords a speedy e-book get admission to of monetary report of agency in an effort to use

for made choices after determines all threats and strengths in the enterprise (Parker and
Fleischman, 2017). Eureka employer can apply this accounting software program to
maintain a report of buy orders, billing, income transactions, and stock transactions.
Furthermore, this accounting software offers the service of digital fee, business report and
taxation reviews. Mainly, the accounting software can be applied in keeping with
necessities and needs because it involves spreadsheets, custom accounting software
program, organization accounting software program and accounting for commercial
transactions.
Customer relation management (CRM): Customer control is helpful for enterprise to make
higher courting with the customer and convey the products according to their wishes and
enhance the services which are associated with customers. This type of software program can
help the business enterprise to handle members of the family, retention and increase of income
with online processes. It’s going to beneficial for analysing and comparing the records associated
with clients and production and plenty of other sports incorporation (Pearlson, Saunders and
Galletta, 2016). For Eureka enterprise, this software program is beneficial to expand it and
provide better communications. there are various software’s are furnished to undertake for better
patron relationships entails sales pressure, infusion soft and additionally sparkling table with the
help of those purchaser relations may be made extra powerful. After utility of this advocated
CRM software program agency can affect the working of sales departments, marketing and
music developing era and additionally dissolves the consumer grievances. Moreover, this may
assist the organization to determine customers’ wishes and demands after that offering them
products and services in step with them.
So, there we have mentioned many accounting software program’s and now time to select a very
appropriate and suitable accounting software program for the organisation, so Oracle ERP would
to be maximum suitable accounting software. It has been comparing that the chief sports of the
enterprise are product making plans, production of it, deliver, inventory and purchaser’s
pleasure, fee and shipping gadget on time. So there to manage all of the activities Oracle ERP
could be an excellent accounting software program for an employer to undertake. For the
recording of data and transactions related to economic activities and client information’s
extensive. Oracle ERP is a software program that works on a real-time basis not in line with
periodic records so it'd more helpful for the company to keep its data. Oracle ERP affords one

database for all exclusive types of facts to the agency. With the help of Oracle ERP, top
management personnel can make higher selections and manage its statistics and functions
effectively. With the help of its company can remedy issues arose in enterprise and paintings
with accurate information and data.
The software program can be beneficial for corporation as it will available financial transactions,
price control and human resources activities. From this accounting, software employer can
control its data for a better supply approach. The proper keeping report of all transactions will
help the company to discover approximately all cash inflow and outflow transactions.
Vendor selection
Contrast and compare the Functions and the properties of the accounting software’s
Functions of Oracle ERP accounting software program- Oracle ERP device consists of an
incorporated machine and it affords business enterprise all records’ concerning its all
transactions and sports. In business enterprise perform activities of planning for manufacturing,
production of products, transport of that merchandise and having client relation information so
one can help the organization to take the best decision in the agency.
This accounting software program works on a real-time foundation with all data and statistics’, it
does now not work with periodical facts and information’s so it could offer first-class
information to the enterprise for performing its activities. If an organization uses actual time
statistics and records with now not any inconsistency and ambiguity it may assist the agency to
acquire its desires effectively. It helps managers to take excellent feasible selections for the
employer.
 Provide a good system- Oracle ERP available a not unusual database gadget that having
all special transaction and information in a single format to higher implication and
expertise of it could be possible with Oracle ERP device. It affords all numerous facts of
organization of different departments and sports in unmarried technique gadget this may
help the organisation keep data in a powerful way without any mistakes or repetition of
statistics.
 Constant look and feel throughout modules- Oracle ERP gadget offers continuous
willpower for data and facts and maintains records on real-time foundation and
experience throughout with a pleasant module for all distinct sports. In Oracle ERP

Gadget Company and clients will have a continuous appearance on its accounting sports
and keep mistakes lose records and eliminate all inconsistencies and made records
unambiguous.
 Software installation in a prescribed way- Oracle ERP cannot be adopted effortlessly
because for its implementation all database should be prepared and the body of workers
need to have educated to paintings on it. It having all strategies and approaches which can
be called for to analyse by using all employees who're managing activities with this
software.
It covers many purposeful regions which are defined below:
 It capabilities with trendy accounting and financing activities constant property, account
payables and receivables coins management and consisting of the transaction of the
payment device.
 It involves transactions related to management accounting, value accounting and
budgeting.
 It offers human resource sports education, recruiting and payroll, retirement, deployment,
advantages, pension activities.
 It additionally provides features of order processing which can be ordered to cash, order
entry stock, shipping and nice manipulate.
 It offers supply chain management on this Oracle ERP can manage all activities
associated with the product making plans, production and supply of this to the patron on
time and in step with their necessities.
Suitable accounting software and various properties and characteristics of MIS
 It is a systematic approach- it this MIS system the whole system is measured and evaluate
its all activities and transactions it connected with the complete organization and provides
a detailed review of all transactions.
 It is management oriented- according to the MIS system the company prepare a system
after determining all objectives and aims of the company. It should have top to down
approach because of before implementation of this system all goals, objectives and aims
can be kept in mind by company.
 It is based on need- it is a system that is based on need and requirements of management

and implements according to their need for the operational department, planning level,
sales department (Schaltegger, Burritt and Petersen, 2017).
 It is future-oriented- This MIS system is based on the future also and provides not only
present scenario transactions but also provides data and transactions for future activities.
It has available data on a projection basis.
 It is based on common data flow- MIS system is having common data flows for different
activities and make data and records error-free and without any repetition of transactions.
Conclusion
From the above have a look at, it is been considered that inside the modern-day situation
organizations are relaying at the accounting and facts software program application to keep the
waft of operations. The record has furnished the information approximately the accounting and
Oracle ERP software for precise corporations in line with issues and disturbing conditions in
present working. Oracle ERP software program for Eureka restricted.

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