Strategic Information System: Westpac Bank

Running head: STRATEGIC INFORMATION SYSTEM
Strategic Information System: Westpac Bank
[Name of the Student]
[Name of the University]
[Author note]

1STRATEGIC INFRMATION SYSTEM
Table of Contents
Introduction:...............................................................................................................................2
Discussion:.................................................................................................................................2
Business Process Definition: Westpac Bank:............................................................................3
ER Diagram of the basic operation of the bank:........................................................................5
Development of the business requirements:..............................................................................5
Determination of the requirements of the System:....................................................................7
Hardware related requirements:.............................................................................................8
Software requirements:..........................................................................................................9
Software and Vendor Selection:.................................................................................................9
Ways of Utilizing the Technology:..........................................................................................11
Evaluation of the efficiency level:...........................................................................................12
Potential Security Risks:..........................................................................................................13
Possible ways of mitigating the risks:......................................................................................13
Conclusion:..............................................................................................................................14
References:...............................................................................................................................15

2STRATEGIC INFRMATION SYSTEM
Introduction:
This report would be discussing about the development of Information System, which
would be responsible for providing support to the various kind of initiatives of the
organization Westpac Bank. There is present of different types of commerce initiatives which
are commonly dependent relative upon the form of commerce or association (Laudon and
Laudon 2016). Strategic Information System is generally sued for the purpose of helping the
organization in achieving success by fulfilling all the goals and objectives that the
organization is having. SIS would also be responsible for providing the Bank with different
kind of competitive advantages so as to make it more popular amongst the customers
(westpac.com.au, 2018). SIS would also be associated with providing some typical services
along with delivering of various type of services which would be of more interest for the
customers.
SIS would also be related with spotlighting upon the different parts of the marketplace
as well. One of the major advantage of adopting the SIS is that, this provides a lot of new
innovations which would be helping the organization in becoming more innovative with
respect to the various kind of operations and processes that the bank is having. The SIS
would be acting as an important section of the Information system that is to be adopted by the
bank. This adaptation would be helping the bank in storing, processing, categorizing and
lastly the transformation of the information is an easy way.
Discussion:
ERP or the Enterprise Resource Planning is to be integrated with the various
processes that the bank is having in order to make those processes become more efficient and
effective. The ERP is also defined as the Integrated Management System which are being
accepted by the bank in addition to would also be interceded by a variety type of software

3STRATEGIC INFRMATION SYSTEM
(Arvidsson,Holmström and Lyytinen 2014). Westpac Bank is considered to be one of the top
four banks of Australia.
Fig 1: Organizational Structure of Westpac Bank
Source: (westpac.com.au, 2018)
Business Process Definition: Westpac Bank:
The dissimilar processes of an organization are normally observe to be co-related with
one an extra and the major basis which lies following the variation of this procedures is for
the reason of gaining achievement in a exacting business area. For depicting the business
processes a flowchart is often used and besides this a certain sequence is followed by the
organizations for the purpose of conducting the different kind of processes or
activities(Wong, Veneziano and Mahmud 2016). Another major advantage of the business
process is that the satisfaction of the customers is provisioned in a proper way along with
which various kind of features like the agility of reacting to any kind of alterations or changes
is also provided by the business processes.
Business processes can be classified into three major categories which mainly includes
the operational processes, management processes and the supporting processes. The
operational processes are responsible for defining the major process of the organizations
along with the creation of preliminary value streams. The management processes are
responsible for overseeing the various operational processes which mainly includes the