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Strategic Information Systems for Business & Enterprise pdf

   

Added on  2021-02-20

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Strategic informationsystems for business andenterprise

EXECUTIVE SUMMARYThis report is mainly based upon Gracious Industries which is a private limited companyand planning to invest in accounting software so that business could be taken to next level. Keybusiness processes for the organisation are sales, marketing, accounting, technology, quality,product/ service delivery etc. Control risks for all of them are regulatory and compliance, marketdemand, lack of control over quality, low level of knowledge regarding accounting andtechnology etc. In order to overcome all of them company can use various software. These areIFS application and SAP Business by Design. Both of them are provided by different vendorssuch as Epicor, SYSPRO, NetSuite. The organisation is recommended to invest in IFSapplication and buy it from Epicor because it is provided free trial for 30 days and cost ofimplementation of its package is very low as compare to other vendors.

Table of ContentsEXECUTIVE SUMMARY.............................................................................................................2INTRODUCTION...........................................................................................................................1BUSINESS REQUIREMENTS.......................................................................................................1Key business processes for Gracious Industries..........................................................................1Major control risks for the business process of the company......................................................2SYSTEMS REQUIREMENTS........................................................................................................3ERP features and functionalities that company should consider to achieve objectives andminimise control risks..................................................................................................................3SOFTWARE SELECTION.............................................................................................................5Description of ERP vendor and its products................................................................................5VENDOR SELECTION..................................................................................................................6Comparison and contrasting the features and functionalities of two ERP software packagesoffered by three vendors..............................................................................................................6Suitability of the software package and reason behind it............................................................9CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................11

INTRODUCTIONStrategic information system are such types of tools which are developed in response toembodied enterprise initiatives. Main purpose of using them is to attain competitive advantagefor the business so that long term objectives could be achieved. Role of it within an organisationis to enhance the image of information system so that ability to compete with competitors couldbe increased (Abugabah, Sanzogni and Alfarraj, 2015). This report is based upon GraciousIndustries which is a private limited company and have employee strength of 35 staff members.The organisation is planning to invest in accounting software to take the business at next level.For this purpose, various topics are discussed under this report which are key process of theorganisation, major control risks for it, possible features and functionalities of ERP and briefintroduction of ERP vendors and their products. Along with this, comparison and contrasting offeatures and functionalities and two ERP packages and recommendation regarding the mostsuitable one with justification are also covered under this assignment.BUSINESS REQUIREMENTSKey business processes for Gracious IndustriesKey business processes are the set of such procedures which are followed by businessentities to make sure that all the operations are executed properly and organisations isfunctioning well or not. Gracious Industries is a small business enterprise which is a supplier ofelectronic parts. All the key business processes of the company are as follows:Sales and marketing: Key business processes of Gracious Industries includes all theactivities which are performed for the purpose of sales and marketing. With the help of them,organisation generate revenues and aware its customers regarding all the products which are soldby it. Without these processes, company will not be able to achieve all its business goals andobjectives which are related to profit maximisation. In order to make sure that all the activitieswhich are related to these procedures are performed appropriately, top level executives of theorganisation formulate effective strategies for them. These are business to business sales,advertisement through pamphlets etc. All of them helps the enterprise to execute all the planwhich were formed previously (Al-Ghofail and Al-Mashari, 2014).Accounting and technology: These two procedures are also considered as key businessprocesses of Gracious Industries because without both of them it is not possible to execute1

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