Strategic Information System (Commonwealth Bank of Australia)

Running head: STRATEGIC INFORMATION SYSTEM
Strategic Information System
(Commonwealth Bank of Australia)
Name of the Student
Name of the University
Author’s Note

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STRATEGIC INFORMATION SYSTEM
Table of Contents
Introduction......................................................................................................................................3
Success factors of CBA...............................................................................................................3
Relevance of objectives...............................................................................................................4
Mission Statement.......................................................................................................................4
Formal Organizational chart of CBA..........................................................................................5
Analysis of Commonwealth Bank of Australia...............................................................................5
Current system of Commonwealth bank of Australia.................................................................5
Control Weakness of CBA..........................................................................................................7
New Improved System for the Commonwealth Bank of Australia.................................................9
Primary Features of New Improved System................................................................................9
Relevance of the New Advanced Technologies........................................................................11
Other Kinds of Requirements........................................................................................................12
Technological Platforms for the System....................................................................................12
Potential Security Risks for the Banking Sector of CBA..........................................................13
Accounting Controls over the New Banking System................................................................15
Conclusion.....................................................................................................................................16
References......................................................................................................................................17

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STRATEGIC INFORMATION SYSTEM
Introduction
Data innovation has been turning into a main consideration of achievement for different
associations. Data innovation has been giving a few valuable viewpoints to associations. This
report has been concentrating on alteration done in the data innovation and its effect in the matter
of the Commonwealth Bank of Australia. The Commonwealth Bank has been positioned one of
the biggest retail segment bank in Australia (Laudon and Laudon 2016). This bank has been
serving individuals by giving credits and retail business in the bank. The managing an account
administrations have been a solid base for different business portions in the market. This report
has centered in the advancement of the authoritative procedures to enhance their business in the
market.
Success factors of CBA
The commonwealth bank has been searching for enhancing their business in the market.
The organization has been recognizing different kinds of variables for actualizing in their
operational technique. Different past examples of overcoming adversity of the bank have been
dissected amid this procedure. This has helped in recognizing different sorts of creative
innovation in the market (Galliers and Leidner 2014). The bank has an extensive variety of client
base that may help in making a typical system for the advantages of all clients in the market.
CBA has been viewed as one of the biggest keeping money segment in the nation and has been
acknowledged by residents of Australia. There has been a wide network of people holding an
abnormal state of desire in the association. There have been some achievement factors found by
the organization authorities. These are said beneath:

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STRATEGIC INFORMATION SYSTEM
• Providing acknowledgment and prizes to the workers that can be connected with the
administrations gave over deals.
• Providing abnormal state of preparing and inspiration session to representatives for
upgrading their aptitudes and execution in the workforce.
• Providing an unmistakable objectives and way to deal with workers to accomplish their
objectives.
There are some essential type of targets gave beneath:
• To grow offer of client with the assistance of direct online type of initiative
• To hold most reduced type of structure of expense
• To execute appropriate type of administration and authority aptitudes on assets and
individuals
• To give different kinds of monetary administrations and meet desires for customers
Relevance of objectives
The CBA has possessed the capacity to develop its aggressive structure of the cost
examination. The development if the client base have been expanded with aggressive
development of the organization. Web based business sites and other web based administrations.
The significant achievement factors have been web extension of the keeping money
administrations to clients (Pearlson, Saunders and Galletta 2016). There have been system level
of focused weight in the market. In this manner, numerous activities have been taken so as to
keep up a sharp methodology towards the advancement of organization.

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STRATEGIC INFORMATION SYSTEM
Mission Statement
The mission statement the Commonwealth Bank has been to provide quality level
services to the clients and meeting their requirements.
Formal Organizational chart of CBA
(Fig 1: Organizational Chart of Commonwealth Bank of Australia)

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Analysis of Commonwealth Bank of Australia
Current system of Commonwealth bank of Australia
The CBA has been a privately owned business that has been recorded in the Australian
Securities Exchange. It is one of the biggest multinational bank in Australia, which have
branches in all over Australia, USA, New Zealand, Asia and Fiji. The bank has possessed the
capacity to give quality administrations to the general population in these nations. The bank has
been working with numerous multinational organizations by putting resources into their business
(Whittington 2014). The hierarchical structure of the organization has been incorporated with
vertical way and ready to work in a system based structure. The essential type of vision of the
relationship to turning into the best type of association in the market. Hence, an enormous
methodology should be executed fir the improvement of the organization in the system. These
procedures have been cleared so as to perceive various types of huge open doors in destinations
of business (Lee et al. 2015). The estimation of the general population as clients have been
created so as to keep up a sharp association with them in the market.
The mechanical parts of the CBA have been incorporated with the Information
Technology frameworks inside parts of association. Its combination has been feast in the bank
for keeping up day by day administrations and tasks in the bank gave to the clients. The bank has
been searching for improving their exhibitions in the market for drawing in more clients in the
bank. The specialized changes in the frameworks have been helping in altering innovation
utilized in the frameworks (Wu, Straub and Liang 2015). The portable application help in
performing for the most part every one of the assignments and data including exchange and
exchange. Subsequently, alongside site of the organization and versatile application have been
helping in picking up client involvement in their own gadgets.