Strategic Information Systems for Business and Enterprise

STRATEGIC INFORMATION
SYSTEMS
FOR
BUSINESS AND ENTERPRISE

1
Executive Summary
Resource planning is very essential aspect of the modern day business. This makes highly
critical for the management to make sure that they have a software system that can automate
the operations and reduce the errors that is caused by human interventions. This report
highlights the key business processes in which ERP system can be implemented. These
include finance and accounting system, sales system, supply chain system and control risks.
Every ERP system has some of the common features this includes Integration, automation,
customer relationship management, Accounting and Tracking and Visibility. In this report
there is also illustration and description about the three vendors that provides ERP solution.
All these ERP systems are capable of dealing with the functionalities that are different from
others and at the same time have features that are totally different from others. It was also
found that Oracle NetSuite is best of all for the Gracious industries as the decision making
skill of the ERP system is based on the data they have. Oracle gives the data-driven approach
to the making of decisions.
Content

2
s
Introduction............................................................................................................... 2
Key business processes................................................................................................. 2
Control risks.............................................................................................................. 3
ERP features and functionality........................................................................................ 4
Three ERP vendors...................................................................................................... 6
Vendor Selection........................................................................................................ 8
Compare and contrast................................................................................................ 8
The selection of ERP system....................................................................................... 9
Conclusion.............................................................................................................. 10
References.............................................................................................................. 10

3
Introduction
An enterprise resource planning system is becoming the most important part of the businesses
as the implementation of software helps in running the process of business effectively. This
report includes the implementation of ERP systems in gracious industries as they are facing
the issue in business and lost some crucial information from their system. The various
components will be discussed including the requirement of business processes like sales,
finance, and accounting. The major ways of controlling the risks of the business will be
discussed. The various requirements of the company will be discussed which includes the
ERP features and the functionalities for achieving the objectives and minimizing the control
risks. The analysis of vendors will be done and their information will be provided along with
their products. For the implementation of ERP system the functions and features of ERP
software will be analyzed and select the one which is effective for the company.
Key business processes
Enterprise resource planning is used by the organization for managing and integrating the
necessary parts of the business. ERP system helps in integrating all the processes of the
company and helps in running the business with a single system. Gracious industries deals in
the electronic parts and every company includes the business processes as it includes the set
of activities for performing the tasks and representing it in a unique way for the coordination
of knowledge, information, and work of the organization. it is necessary for the management
to pay attention to the business processes for executing the business and for the strategic
advantage. Gracious Industries includes the business processes for running the business to
supply the electronics parts to stores of hardware and supermarket (Magal and Word, 2011).
For the competitive advantages, company requires automating the working process and the
main business processes are the sales system, Finance and accounting system, and supply
chain system. it helps in planning the scheduling the business process.
Finance and accounting system-
In business, accounting and finance systems are required to manage the costs and money of
the company. It helps in managing the salaries, accounts receivables, suppliers' information,