Strategic information System - Assignment PDF

Running head: STRATEGIC INFORMATION SYSTEM
Strategic Information System: ANZ Bank
Name of the Student
Name of the University
Author’s Note:

1STRATEGIC INFORMATION SYSTEM
Table of Contents
Introduction................................................................................................................................2
Discussion..................................................................................................................................3
1. Defining Business Processes..............................................................................................3
2. Developing Business Requirements...................................................................................5
3. Determination of Systems Requirements...........................................................................7
4. Software and Vendor Selection..........................................................................................8
5. Determination of 3 ways for Utilizing Technology.........................................................10
6. Evaluation of Efficiency Level........................................................................................11
7. Examination of Potential Security Risks and Breaches...................................................11
8. Guidelines for Mitigating the Risks.................................................................................12
Conclusion................................................................................................................................13
References................................................................................................................................15

2STRATEGIC INFORMATION SYSTEM
Introduction
Strategic information systems or SIS are the information systems, which are
subsequently developed with the sole purpose of executing business objectives. There can be
several important business initiatives within any particular organization or business (Galliers
and Leidner 2014). Each and every business initiative is needed to be completed for the
purpose to make any company or organization extremely successful and hence completing
the objectives and goals of that particular company. These specific kinds of SIS or strategic
information systems are expected to give various types of important competitive benefits to
the company and hence making this business eventually famous as well as vital for everyone
(Amrollahi, Ghapanchi and Talaei-Khoei 2013). This SIS or strategic information system is
responsible in delivering all important services or products that too in low cost and also
focusing over any specific segment of market. The next significant benefit of this type of
system is that it is utilized for making any business creative as well as innovative by means of
giving innovation or creativity to the business operations. This SIS or Strategic information
system is considered as the most significant characteristic in the domain of IT or information
technology (Laudon and Laudon 2016). The Enterprise Resource Planning or ERP can be
defined as one the most efficient and effective way to integrate each and every business
process or operation within any specific company. Any software that eventually integrates all
business activities of an organization is known as enterprise resource planning.
The following report will be outlining a detailed discussion on one of the famous
banks in New Zealand and Australia, called the ANZ Bank. The report will be focusing on
the ERP selection for this bank with the purpose of helping them for their several process of
business. The report covers a brief research on Enterprise Resource Planning for various parts

3STRATEGIC INFORMATION SYSTEM
like requirements for business or systems, selection of vendor, risks of security, strategies for
mitigating these risks and many others for ANZ bank.
Discussion
1. Defining Business Processes
Any business process could be simply defined as the specific collection of several
interlinked responsibilities, which are found in a business to significantly deliver a particular
service or product to their respective clients (Becker, Kugeler and Rosemann 2013). This
particular process of business is also termed as the set of various activities, which will the
company in attaining their organizational goals or objectives. Each of these business
processes will be eventually interrelated with one another and all these business processes
comprise of a similar objective in making the organizational products and services unique
and popular in its terms. All the business processes follow a specific sequence while
completing the activity or process (Pearlson, Saunders and Galletta 2016). Each and every of
this business process is eventually demonstrated with the help of a particular flowchart to
properly show the activity sequence. The most significant benefits to use the process of
business mainly include satisfaction of customers. The freedom to take up various alterations
or changes is yet another important advantage.
Three distinct kinds of business operations are possible in a business, which include
operational processes that helps in defining the major procedures as well as creating the
initial stream value such as taking of orders or even manufacturing something (Rosemann
and vom Brocke 2015). The next kind of processes of business is processes of management,
which subsequently administer all the processes of operation by simply involving oversight
of budgets, employees and governance of corporate. The final or the last kind of business