Strategic Information Systems: Analyzing Suncorp Limited's Operations and Accounting Software

Strategic information system
1

Table of Contents
Part 1............................................................................................................................................3
1. Current structure of organizational.......................................................................................3
2. Operational problems Arise because of the organisation structure......................................3
4. Sales process diagram:..........................................................................................................6
5. Identify control problems in the system and sorts of fraud..................................................8
Part B.........................................................................................................................................10
1. Development and adoption of the accounting software packages......................................10
2. Current market size.............................................................................................................12
3. Leaders in the market and competitive advantage for them...............................................13
4. Current challenges of accounting software and relevant suggestions................................14
Conclusion:....................................................................................................................................15
References:....................................................................................................................................16
2

Introduction:
Accounting software is most important part of financial management in the modern business
scenario and gives diverse benefits to a business entity. This report is about Suncorp limited
which is using a customized ERP system to manage its business operations. The report explains
the structure of management of the company and gives analyzed information about such
problems which are faced by the company due to the improper management structure. New
innovations come with some critical troubles and aforementioned report enables the managers to
make a wide view towards these problems and solutions. The report describes knowledge about
the market coverage of the company with some main arrivals of the company and explains key
points of strategy which are used by such companies to take competitive advantage.
3

Part 1
1. Current structure of organizational
Mainly Organisational structure can be defined as the distribution of powers and responsibilities.
It tells about the relationship between peoples, operation process, systems and allocation of
rights. A good organizational structure improves productivity and efficiency and helps to execute
plans without extra efforts. Suncorp limited is managed by two level senior board and
management and every member of management has relevant experience and ability to perform
his obligation. Allocation of power among management in Suncorp is explained below:
Board of company: company board includes eight members, seven Non-executive directors,
and one Executive director. All members of the board have relevant experience in their sector
and ability to handle crucial matters (Zziwa, 2014).
Senior executives: company has eleven members in its executive team and all members have
separate responsibilities according to their skills and experience. The company has a
remuneration committee which manages the remuneration of director and board members after
considering all facts. The company also have a nomination committee which is dedicated to
ensuring the proper combination of skills in management (Zbirenko and Andersson, 2014).
Committees: the company has an audit committee, risk committee, remuneration committee and
nomination committee. These committees assist the management to maintain sound internal
control and low-risk level so that business can grow without any interruption.
4