Strategic Information Systems: Rainbow Illusion Case Study Analysis

This case study analyzes Rainbow Illusion's strategic information system, focusing on its implementation for managing sales transactions and mitigating risks. The report identifies six strengths of the system, including regular conciliation reports, the use of cash registers, invoice review, and data provision. It also discusses issues that the system helps avoid, such as manual errors, time management problems, and customer connection difficulties. Furthermore, the study explores situational pressures that could increase fraud likelihood, such as payroll and accounting fraud. The analysis covers the company's decision-making regarding distributed versus centralized computerized systems and concludes with a comprehensive overview of Rainbow Illusion's strategic approach to information systems. The assignment meets the requirements of the HI5019 Strategic Information Systems for Business and Enterprise unit, assessing the student's ability to describe transaction cycles, understand system risks, and appreciate security measures.