Strategic Information Systems Assignment (Solution)
Added on 2020-05-28
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Running head: STRATEGIC INFORMATION SYSTEMStrategic Information System: Qudos BankName of the StudentName of the UniversityAuthor’s Note:
1STRATEGIC INFORMATION SYSTEMTable of ContentsIntroduction................................................................................................................................2Discussion..................................................................................................................................3Qudos bank.............................................................................................................................31. Comparing and contrasting the issues and the challenges that can Qudos Bank faces......42. Qudos Bank’s IS adaptation and critical Evaluation of IS Strategy..................................63. Qudos Bank’s adopting new and innovative ideas............................................................74. Outsourcing vs End-User Computing in Qudos Bank.......................................................95. Strategic Information adding value to Qudos bank via IT/ IS.........................................116. Critically discuss Good Internal Control..........................................................................12Conclusion................................................................................................................................13References................................................................................................................................15
2STRATEGIC INFORMATION SYSTEMIntroductionStrategic information system is developed to facilitate business activities oforganisations. The strategic information system is capable to offer a competitive edge to eachand every organisation. Besides that, it offers cost-effective service. The strategic informationsystem is helpful for the organisations for storing, accessing and processing sensitive data(Kavanagh and Johnson 2017). It helps the organisations to apply several tools so that thebusiness activities can get enriched (Marabelli and Galliers 2017). The strategic informationsystem provides several opportunities so that the business operations can get improved. Qudos bank has been chosen as case study for the report. Qudos bank is currentlysuffering from issues like storing, accessing and processing data of the database. They havestruggled to implement the strategic information system appropriately in their premises. Thereport will suggest Qudos bank how they can improve their business with the help ofinformation system in appropriate manner. The report explains the six main components ofthe strategic information system. The report explains various components of the strategicinformation system and the including outsourcing, end-user computing with respect to Qudosbanking (Andersen and Andersson 2017). The information system strategy adds value to theorganisation. The internal control in the can enhance the business activities of anyorganisations including Qudos Bank. the report will illustrate all the management aspects ofQudos bank in details in the report. The report will compare and contrast the issues andchallenges, it will also critically evaluate the information system strategy. The strategicinformation system can bring innovations to Qudos bank. The strategic information addsvalue to Qudos bank. The report critically evaluates internal control. Qudos bank can get thecompetitive edge
3STRATEGIC INFORMATION SYSTEMDiscussionQudos bankQudos Bank is an Australian mutual bank. The bank is popular providing variousfinancial services. The financial services include the credit cards, savings, home loans, carloans. Qudos bank provides the financial planning assistance to the Australian citizens (Yang2017). The bank deals with foreign exchange products. Qudos Bank is a public sector bank.The bank has eleven subsidiaries all over Australia. The bank acquires its registration in theyear 1959 and began operating on 1 November of the year.Qudos bank was previously known as the Qantas Credit Union. The bank is thecustomer owned bank. Now, Qudos Bank has about one lac member. The financialorganisation is known to offer retail banking products. Qudos bank offers membershipfacility to the current as well as the former employees (Barata and Cunha 2017). Theemployees’ families and relatives are also given the opportunity so that they can register withQudos bank and can get the membership facility. The bank offers various ranges of productsand the services. The services they offer are-Deposit Accounts- Loan offset accounts, fixed interest rate term devices and savingsaccounts are some of the facilities that fall under this category (Moran and Morner 2017). Payment services- BPAY, debit card, telephone banking fall under this category.Retirement savings account- superannuation accounts and varied interest rate fallunder this category (Jali, Abas and Ariffin 2017).General insurance- Qudos Bank offers the general insurance service for home andhousehold components, CTP insurance, caravan and motor vehicle.
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