Strategic Information System for Business and Enterprises (STRATEGIC INFORMATION SYSTEM)

Running head: STRATEGIC INFORMATION SYSTEM
Strategic Information System for Business and Enterprises
Name of Student
Name of University
Author Note

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STRATEGIC INFORMATION SYSTEM
Executive Summary
The aim of this report is to understand the importance of ERP in an organization. The
report discusses the problems faced by Gracious Industries in management of the
regular business processes, mainly due to lack of ERP. The Key business processes of
Gracious Industries involves processing of the orders, customers’ management and
generation of daily reports. Lack of ERP in the organization has increased the control
risks. Implementation of an ERP can help in effective management of the identified
risks. The report provides a brief understanding of the main features of ERP needed in
the organization. Services provided by various ERP vendors are analyzed to choose the
most suitable vendor for Gracious Industries.

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STRATEGIC INFORMATION SYSTEM
Table of Contents
Introduction/Background.........................................................................................3
1. Business Requirements......................................................................................3
1.1. Key Business Processes of Gracious Industries.........................................3
1.2. Major control Risks of the Company............................................................4
2. System Requirements........................................................................................5
2.1. Possible ERP features and functionalities that should be considered........5
3. Software Selection..............................................................................................7
3.1. Chosen ERP Vendors..................................................................................7
4. Vendor Selection................................................................................................8
4.1. Feature and Functionalities of ERP software package................................8
4.1.1. Oracle NETSUITE.................................................................................8
4.1.2. SYSPRO................................................................................................8
4.1.3. Acumatica..............................................................................................9
4.2. Suitable Vendor of ERP software................................................................9
Conclusion..............................................................................................................9
References............................................................................................................10

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STRATEGIC INFORMATION SYSTEM
Introduction/Background
The report considers the case study of Gracious Industry and discusses the need
of cloud computing in the organization. It is a small sized company with 35 employees.
However, the sales revenue of the company has been $10.5 million in the past.
Although the organization is a small sized organization, yet it has been in the business
for more than 40 years and is a supplier of electronic parts to different business
organizations. The growth of the company has been quite satisfactory in the last few
years mainly because of the new green product ranges. The flourishing in the business
has led to increase in complexity of certain key accounts. The company works on the
age old process of manual record keeping. An accountant is hired to manage the
financial records and the accountant produces the financial statement each year. The
company however, required more information for effective information tracking and
running the business and therefore and the need enterprise resource planning system is
proposed. The report outlines the main business requirements and the system
requirements for providing an ERP solution in the organization. The report considers
further research to identify the vendor suitable for Gracious Industries. The selection of
the vendor is based on the needs of the organization. However, the cost of the package
play a crucial role in selection of the software vendor. In this report 3 ERP vendors are
researched to check the suitability of each vendor for providing services to the Gracious
Industry. The packages offered by the each vendor will be evaluated to select the most
suitable vendor. The following paragraphs identifies the need of ERP in Gracious
industries and further identifies functionalities offered by two ERP software packages. At
first, the business requirements of the Gracious Industries are identified and discussed
in the following sections.
1. Business Requirements
This section of the report will be identifying the major business requirement of
implementation of ERP in Gracious Industries. In understanding the main requirements
of the Gracious Industries, the key business process of the Industry is discussed. The
lack of effective information system in the organization involves certain major risks in
the company. While analyzing the business requirements, the major risk that company
might face due to the lack of effective ERP policy will be discussed. This section will
address the need of ERP in a particular business as the implementation of the same
considerably reduces the labor cost and the major IT expenses in a company
(Mahendrawathi 2015). The need of ERP in Gracious Industries will be evaluated on
basis of the main business processes that runs within the Gracious Industries. Lack of
any automated business processes such as ERP, increases the control risks in the
business. The following two sections identify the key business process of the Gracious
Industry along with the major control risks that the company might face or currently
facing due to the lack of an effective ERP system.
1.1. Key Business Processes of Gracious Industries
The need of incorporating an ERP system in the Gracious Industry is subjected
to its business needs. For effective identification of the business needs for
implementation of ERP, it is crucial to identify the key business processes of Gracious