ACC508 - Informatics and Financial Applications: AuMake Analysis

This report examines the impact of information technology and financial applications on AuMake International Limited. It highlights the importance of IT for business survival and growth, emphasizing the advantages of social media for marketing and customer engagement. The report also discusses how business data serves as a crucial decision-making tool and how financial applications streamline organizational processes. Furthermore, it explores the role of social media in advertising, cost reduction, and customer awareness, supported by a sales chart illustrating product performance. The report concludes that embracing technology and financial applications is essential for organizational success and operational efficiency, referencing AuMake's website and other sources.

INFORMATICS AND FINANCIAL APPLICATIONS
ASSIGNMENT - 1
STUDENT NAME AND STUDENT NUMBER
Company Name:
AuMake INTERNATIONAL LIMITED

INFORMATICS AND FINANCIAL APPLICATIONS
ASSIGNMENT - 1
STUDENT NAME AND STUDENT NUMBER
Brief:
• Effect of Information Technology: Now no business can survive without the use of
technology due to which Information Technology become basic need for the business.
As such every business is being affected by the IT. Also any organization cannot set-
aside it to achieve the growth of it.
• Social Media popularity and advantage thereof: Social Media provides a platform
where organization and potential customers can communicate with each other. There lot
of advantages of social media like digital marketing, customer trend analysis etc.
• Business Data as decision making tool: Business data is a critical resources to the
organization based on which various decision-makings are taking place.
• Financial Applications: Financial application process the data of the organization.
Financial applications may accounting software, payroll software, production software
etc. These are used for the effective functioning of the organization.
Company Name:
AuMake INTERNATIONAL LIMITED

INFORMATICS AND FINANCIAL APPLICATIONS
ASSIGNMENT - 1
STUDENT NAME AND STUDENT NUMBER
Social Media and Business
• Brief about social media: Everyday number of peoples are joining the social media
which is good indicator to the organization which are looking for a growth with the
help of social platform.
• Advertisement at Social Platform: Advertisement at social platform are very attractive
and there are no more resources are required which are required in the traditional
approach (Keran, 2017).
• Cost Reduction: Cost of advertising by the use of information technology are more
economic than the advertising through traditional approach. It would ultimately be
beneficial to the organization.
• Customer Awareness: With the use of information technology a business keep its
customers update with its new product, up gradation in their business, rivals existing in
the market etc.
Company Name:
AuMake INTERNATIONAL LIMITED

INFORMATICS AND FINANCIAL APPLICATIONS
ASSIGNMENT - 1
STUDENT NAME AND STUDENT NUMBER
Cosmetics Dairy Products Leather Products Baby Food
0
10
20
30
40
50
60
Sales
Sales
Products
Million $
Company Name:
AuMake INTERNATIONAL LIMITED

INFORMATICS AND FINANCIAL APPLICATIONS
ASSIGNMENT - 1
STUDENT NAME AND STUDENT NUMBER
Summary:
• Information Technology become essential to organizations: Now a day, Information
Technology is playing a vital role in the industry. This became possible due to use of
technology at an extreme level by the human beings (Scheck, 2016).
• It ensures the growth of organizations: As per study, it was reported that the
organization, which had opted the technology with the latest updates, has got the lead
in the competitive business environment and became financially compatible. (Afzal, 2015).
• Financial Applications ensures operational efficiency: All applications are used for the
efficient management of the business process as well as to comply with the statutory
requirements
• https://aumake.com.au/
Company Name:
AuMake INTERNATIONAL LIMITED

INFORMATICS AND FINANCIAL APPLICATIONS
ASSIGNMENT - 1
STUDENT NAME AND STUDENT NUMBER
References:
Smith, K. (2017) The Importance of Social Media in Business [Online]. Available from:
https://www.lyfemarketing.com/blog/importance-social-media-business/ [Assessed 14 August 2018].
Afzal, A. (2015) The Role of Information Technology in Business Success [Online] Available from:
https://www.linkedin.com/pulse/role-information-technology-business-success-abid-afzal-butt [Assessed 14 August 2018].
Larsen, A. (2017) Why is Data Important for Your Business [Online] Available from:
https://www.grow.com/blog/data-important-business/ [Assessed 14 August 2018].
AuMake International Limited (no date) Company Overview [Online] Available from: https://aumake.com.au/ [Assessed 14 August
2018].
Scheck, S. (2016) 8 Major Impacts of Information Technology on Businesses [Online] Available from:
https://tweakyourbiz.com/technology/2016/08/30/8-major-impacts-of-information-technology-on-businesses [Assessed 14 August
2018]
Sirianni, A. (no date) The Importance of Data [Online] Available from:
https://www.dcodegroup.com/blog/the-importance-of-data-and-information-in-business [Assessed 14 August 2018]
Company Name:
AuMake INTERNATIONAL LIMITED