Strategic information system - Assignment PDF
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Added on 2021-05-31
Strategic information system - Assignment PDF
Added on 2021-05-31
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Running Head: STRATEGIC INFORMATION SYSTEMStrategic Information System[Name of the Student][Name of the University][Author note]
Introduction: Accounting software is the type of software which is associated with the execution ofvarious transactions along with tracking and operating the transactions along with it. This type ofsoftware are used along with the different models of business and this application is very mucheffective for the various business processes. The following portion of the literature review wouldbe discussing about one of the major organizations of Australia known as the Commonwealthbank of Australia. The Accounting software is mainly associated with working as an informationsystem for the accounting purpose (Hallikainen et al. 2017). This type of software is mainlytaken form the third party vendors and are then distributed to the companies which are wishing tohave an accounting software but in some cases it is often acts as the integration of the two casesbut having some slight alterations. Accounting software can be online based as well as computerbased. Along with the information related to accounts can be retrieved every time formeverywhere.The literature review that has been conducted below would be greatly helping in theprocess of understanding the structure of the organization, Commonwealth bank. Besides this thereview has also been associated with discussing about the various problems which are faced bythe commonwealth bank and this problems mainly includes the various kind of inefficienciesalong with the various type of errors that are present in the flowchart for the sales and the sharesthat the bank is having. In the second part of the literature review a discussion has been maderegarding the major competitors of the Commonwealth bank.
Discussion:Part 1:About the Organization: Commonwealth Bank of AustraliaThis organization or better to say the Commonwealth bank of Australia is one of thelargest bank in the country of Australia. Besides this the branches also has its branches indifferent part of the world which includes the Asia, U.K, U.S, Fiji and lastly New Zealand. Thebank is associated with providing different type of financial services which mainly includes the “management of the funds”, “ services related to providing of loans and making of investments”,“retail banking”, “education loans”, “other types of loan” and many more. The ASE or the“Australian Securities Exchange has designated this bank as the best bank of Australia in theyear of 2015. The bank had started its operations in the year of 1911 by the Government ofAustralia. This bank is listed as one of the top four banks of Australia whereas the other threebanks mainly includes the Australia New Zealand bank, Westpac and lastly the NAB or theNational Australian Bank. The Government of Australia fouded this bank but it become totallyprivate in the year of 1996 (Commbank.com.au, 2018).Structure of the Organization: Commonwealth Bank of AustraliaThe complete management as well as the corporate section of the bank has been includedin the organization structure of the organization. Besides the management and the corporatesection the structure of the organization also includes the managing bodies and the employee’s aswell as the customers who are associated with this bank (Galliers and Leidner 2014). In thefigure which has been provided below mainly depicts the main structure of the organization
where the management level has been divided into three different levels which includes thehigher management level, middle management level and lastly the lower management level.Figure 1: Organizational structure of Commonwealth Bank of Australia(Source: Commbank.com.au, 2018)Problems Faced by the Organization: Commonwealth Bank of AustraliaDespite of being listed as one of the top banks the bank has been facing several types ofproblems. It has been seen that the shares of this bank has fallen at a tremendous rate which hasultimately resulted in various kinds of drawback in the business conducted by the bank. In last
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