Strategic Information System Executive Summary: Rainbow Illusion

This report provides a strategic analysis of Rainbow Illusion's sales transaction processes. It examines the company's strengths in controlling sales transactions, identifying six key internal controls, and highlighting how these controls mitigate potential risks such as data inaccuracy and fraud. The report also addresses situational pressures that could increase the probability of fraud, particularly lower sales volumes and pressure from senior management, and discusses the benefits of implementing a distributed computer system. The analysis is directed towards the CEO, offering insights into improving sales processes and mitigating financial risks within the retail environment. The report concludes with a discussion of the advantages of a distributed computer system over a centralized department.