Strategic Information System for Gracious Industries

Running head - STRATEGIC INFORMATION SYSTEM
Strategic Information System
Name of the student
Name of the university
Author’s note

STRATEGIC INFORMATION SYSTEM1
Executive Summary
The case study presented in the assignment specification provides information about
Gracious Industries. The organization have been a prominent distributor of electronic parts
and equipment to various supermarkets, hardware stores and various other number of
businesses. The organization have been operational for over 40 years and have a sales
revenue of over $10.5 million in the past few years. Therefore, due to loss of many data, the
organization have been thinking of expanding their approaches for accepting new accounting
software to the business to the new level. In order to achieve that, the organization have
decided for using Enterprise Resource Planning (EPR) software. The following assignment
would be discussing about the key business processes that are adopted and used by Gracious
Industries for the development of their business, the control risks that are to be faced by the
organization while assessing their business processes, the different kind of features and
functionality of ERP. Therefore, the report could be concluded by providing a brief overview
of the Gracious Industries along with their issues. The report have provided a brief
description of the business processes of the organization. The business processes have
elaborately described all the steps of the business of Gracious Industries taken for operating
the business.

STRATEGIC INFORMATION SYSTEM2
Table of Contents
Introduction................................................................................................................................3
Discussion..................................................................................................................................4
Business Processes of Gracious Industries............................................................................4
Major Control Risk for Gracious Industries...........................................................................8
ERP Features and Function used for control risk and achieving business objectives.........11
ERP Vendors........................................................................................................................12
Comparing the features and functionalities of two ERP software package.........................13
The ideal vendor and ERP Software for Gracious Industries..............................................13
Conclusion................................................................................................................................14
References................................................................................................................................15

STRATEGIC INFORMATION SYSTEM3
Introduction
The case study presented in the assignment specification provides information about
Gracious Industries. The organization have been a prominent distributor of electronic parts
and equipment to various supermarkets, hardware stores and various other number of
businesses. The organization have been operational for over 40 years and have a sales
revenue of over $10.5 million in the past few years. Hence the organization have been
flourished and build a high grounds of profit margin in the competitive market. It have
experienced exponential growth rate of in their supply orders in the past few years and also
developed their green ranges of product for the development. Although, the organization have
suffered a loss of key accounts due to the not being able to produce some of the products that
are at a competitive price. For solving the issue, the company have hired an accountant for
keeping logs of the books that would be helpful for them for maintaining the information of
the financial statement. Therefore, due to loss of many data, the organization have been
thinking of expanding their approaches for accepting new accounting software to the business
to the new level. In order to achieve that, the organization have decided for using Enterprise
Resource Planning (EPR) software.
The following assignment would be discussing about the key business processes that
are adopted and used by Gracious Industries for the development of their business, the
control risks that are to be faced by the organization while assessing their business processes,
the different kind of features and functionality of ERP which would be ideal for the company
for achieving business objectives, the different vendors that could provide the software to the
organization, comparing two software provided by vendors’ regarding the features and
functionality provided by them, and lastly, the best suitable vendor and EPR software
package for the company.