Strategic Information System - Assignment Solution
Added on 2021-06-16
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Running head: STRATEGIC INFORMATION SYSTEMStrategic Information System: Westpac BankName of the StudentName of the UniversityAuthor’s Note:
1STRATEGIC INFORMATION SYSTEMExecutive SummaryThe main aim of this literature review is to select the suitable ERP/ AIS software and vendorfor the popular bank in Australia, known as the Westpac Bank. Moreover, this literaturereview will be outlining on the entire concept of strategic information system for a bankingsector. ERP or enterprise resource planning is one of the most significant requirements in thebanking sector. It helps to integrate all the necessary business processes in a single businessprocess. Due to this type of integration, all of the business processes could be easily executed.Since, a bank comprises of various important business processes, it is extremely vital tointegrate them properly. The most suitable ERP software vendor for Westpac Bank is SAPsoftware. There are various advantages of SAP and all of them are well explained here. Apartfrom this, the business and the systems requirements are also provided for this particularbank. Relevant details are provided in the literature review for all the above mentionedscenarios.
2STRATEGIC INFORMATION SYSTEMTable of ContentsIntroduction................................................................................................................................3Discussion..................................................................................................................................41. Defining Business Processes..............................................................................................42. Developing Business Requirements...................................................................................53. Determination of Systems Requirements...........................................................................74. Software and Vendor Selection..........................................................................................95. Determination of 3 ways for Utilizing Technology.........................................................116. Evaluation of Efficiency Level........................................................................................127. Examination of Potential Security Risks and Breaches...................................................128. Guidelines for Mitigating the Risks.................................................................................14Conclusion................................................................................................................................14References................................................................................................................................16
3STRATEGIC INFORMATION SYSTEMIntroductionStrategic information systems(SIS) areinformation systemsthat are developed inresponse to corporatebusiness initiative. There are various business initiatives in any specificbusiness or organization (Laudon and Laudon 2016). All of them are required to be fulfilledfor making the organization successful and thus reaching the goals and objectives of thecompany. This type of strategic information system is supposed to provide all kinds ofcompetitive advantages to that particular organization and thus making the businessabsolutely popular and significant for all. This strategic information system subsequentlydelivers any typical service or product in an extremely lower cost and focuses on a typicalmarket segment (Galliers and Leidner 2014). Another important advantage of the strategicinformation system is that it helps the organization to become innovative by providinginnovation to the business operations and processes. Strategic information system or SIS isthe most important feature or characteristic for the field of information technology. The entirecategorizing, storing, processing and transferring of information are easily done with the helpof strategic information system (Pearlson, Saunders and Galletta 2016). ERP or enterpriseresource planning is the most effective and efficient method of integrating all the businessprocesses of any particular organization. It is thus termed as the integrated management ofthe major business processes that is mediated by software. The following report outlines a brief discussion on the most popular banks inAustralia known as the Westpac Bank. The report will be focusing on the ERP selection forthe bank for helping them in their business processes. This report will be covering a detailedresearch on ERP for business processes, business requirements, systems requirements, vendorselection, security risks, mitigation strategies and many more for the bank. Relevant detailswill be providing regarding all the above mentioned points.
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