Strategic Information Systems for Business and Enterprise

Running head: STRATEGIC INFORMATION SYSTEMS FOR BUSINESS
Strategic Information Systems for Business and Enterprise
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1STRATEGIC INFORMATION SYSTEMS FOR BUSINESS
Table of Contents
Introduction:....................................................................................................................................2
Business Requirements:...................................................................................................................3
1. Ascertaining key business process that is present with the operations of Eureka Limited:........3
2. Ascertaining Eureka Limited’s the major control risks for the business processes:...................4
Systems Requirements:....................................................................................................................6
1. Ascertaining features and functionalities of the possible accounting software that is needed by
Eureka limited for considering their business objectives and minimise the control risk:...............6
Software Requirements:...................................................................................................................9
1. Identifying three accounting software package vendors and providing a brief description of
each vendor for its product by visiting the website:........................................................................9
2. Ascertaining suitable vendor and accounting software package that can be used for improving
the accounting system of Eureka Limited:....................................................................................11
Vendor Selection:..........................................................................................................................12
1. Equating and opposing the features and functionalities of two accounting software packages
offered by the accounting software package vendors:...................................................................12
2. Recognizing suitable vendor and accounting software of Eureka Limited, which can support
its accounting system:....................................................................................................................15
Conclusion:....................................................................................................................................15
References and Bibliography:........................................................................................................17

2STRATEGIC INFORMATION SYSTEMS FOR BUSINESS
Introduction:
The case study of Eureka Limited is analyzed in the assessment, which helps in detecting
the relevant accounting needs of the organization. From the relevant analysis of the case study, it
could be identified that the company is facing problems in their competitiveness, due to the
outdated accounting system. This has led to the loss of adequate sales during the previous
financial year, which has resulted in mixed revenues and progress of Eureka Limited. Therefore,
adequate analysis has been conducted on identifying the major key business process that is
required for the organization. Moreover, after the detection of the key business process relevant
control risk of Eureka limited has been identified. This is essential for identifying the relevant
system requirements that is needed by the organization to support is accounting system.
Furthermore, relevant analysis has been conducted on assertion and functionalities of
different possible accounting software that the needs to be accommodated in the accounting
system of the organization. Moreover, three different software package vendors with relevant
descriptions and websites are adequately analyzed in the assessment. Nevertheless, the selection
of the most appropriate window and accounting software package that is needed by the
organization is highlighted with relevant essential features that are needed in the accounting
system. Lastly, suitable vendor in accounting software has been selected for the accounting
process of Eureka Limited, as it would help the management to maximize its revenue by
improving their competitiveness in the market (Centobelli, Cerchione and Esposito 2018).

3STRATEGIC INFORMATION SYSTEMS FOR BUSINESS
Business Requirements:
1. Ascertaining key business process that is present with the operations of Eureka Limited:
The case study of Eureka Limited directly provides all the relevant information about the
business process that is affecting the productivity and revenue generation capability of the
organization. The relevant key business process depicted as follows.
Product development conducted by the organisation:
The case study of Eureka limited has indicated a relevant change in the product range of
the organization, which has been conducted on the basis of the customer demand. The company
has been altering their beverages in accordance with the demand from the customers to increase
revenue generation capability. Moreover, the analysis as indicated that the company is
introducing adequate beverages which is delivered all around different businesses, supermarkets,
and pub-chains, where adequate demands are persistent. Eureka limited has witnessed mix
fortunes during the past financial years and adequately increased its revenue generation
capability to the levels of 18.5 million per year. The company has been adequately improving its
products and delivering new items to the customers, which is in love with their current taste and
preferences. This has mainly allowed the organization to effectively improve the operations and
support its revenue generation capability. Moreover, the current highly demanded product of
Eureka Limited is the health drinks that are needed by customers, which has been a profitable
product in previous financial years (Kasemsap 2018).
Preparation of financial report, analysis and management:
One of the major key business processes of Eureka Limited is the preparation of the
overall financial report, as it allows the management to analyze the current financial conditions

4STRATEGIC INFORMATION SYSTEMS FOR BUSINESS
of the organization. However, from the case study it could be identified that the company has
been maintaining a single accountant for the accounting system. This accountant has been
responsible for conducting all the relevant accounting needs of the organization, which can be
considered as one of the major concerns for Eureka Limited. The company has been generating
$18.5 million in revenues, which is considered to be an adequate some that can support relevant
expenses. However, the management is not considering the viability of an adequate accounting
system, which is limiting the capability of Eureka limited to increase competitiveness in the
market. This has resulted in a downtrend where the organization is incurring losses on the sales
due to the competitive pricing Structure of the competitors. Eureka Limited employees are not
able to identify the accurate pricing of the product to help in minimizing the level of pricing
which could boost the revenue generation capability. Hereafter, the current key business process
of Eureka Limited is not appropriate, as it is not supporting the operations of the management
(Archer-Brown and Kietzmann 2018).
2. Ascertaining Eureka Limited’s the major control risks for the business processes:
The case study of Eureka limited has highlighted the different control risk for the
business process, which is negatively affecting the operations of the organization. These business
processes are limiting the capability of the management to effectively improve its current
operational conditions and maintain adequate pricing structure to support its revenue generation
capability. The major control risk that is identified for Eureka Limited is depicted as follows.
Problems in accounting process of Eureka Limited:
The case study is highlighted the major control risk of Eureka Limited which is related to the
accounting process. The company is not able to identify all the relevant cost structures due to the

5STRATEGIC INFORMATION SYSTEMS FOR BUSINESS
Limited levels accounting resources that are available to the management. Eureka limited has
been Operating only one accountant for their accounting system, which is limiting the capability
of the management to ensure adequate improvements and detection of the pricing structure
related to production process. The case study directly highlighted that Eureka Limited was not
able to complete a sales transaction due to the lack of adequate information about its current
competitive pricing structure. The competitive with adequate competitive pricing was able to
beat Eureka Limited and take the relevant sales transactions for them. This resulted in a loss of
revenue for Eureka Limited due to the inadequate accounting system that has been adopted by
the organization. Therefore, it has been established that the current accounting system is
inappropriate for the operations of Eureka Limited and alterations is needed to support the
management decision and other financial activities essential for the growth of the company
(Shanks et al. 2018).
Problems in the level of control in production:
The second major problem that can be identified from the case study of Eureka Limited
Is the control on their production system, as it is not allowing the management adequately
identifies all the relevant cost structure. Companies adequately improving its products and
altering the ingredients that are demanded by the customers, which are eventually helping the
management to acquire the required revenue to support it operations. However, without adequate
accounting systems the relevant costing that is steered on the production process are not
identified. This is limiting the ability of the management to control the relevant production, while
detecting the level of expenses that is incurred in the process. Therefore, it will be identified that
if Eureka Limited is able to acquire the required production control then the management can