Westpac Report: Evaluation of Accounting Information Systems and ERP

This report provides a comprehensive analysis of Westpac's accounting information system (AIS), exploring its organizational structure, operational issues, and ERP planning. It delves into the company's use of Xero and MYOB, examining marketing strategies, market leaders, and the limitations of the current system. The report identifies operational challenges, such as issues with ATM card transactions and system security, and offers recommendations for improvement, including cloud computing and SaaS solutions for enhanced data encryption and risk management. The report also covers sales flowcharts and the implementation of AIS packages. The report highlights the importance of addressing these challenges to improve efficiency, security, and overall performance of the accounting information system. The report concludes with a discussion of the importance of data manipulation capabilities for generating financial reports.

Westpac
Report

Executive Summary
The report discusses about the different factors which is related to the Australian software, which
is for the proper processing of the records. Along with this, it focusses the processes and work
towards the development of accounts that are payable with the payroll handling. The discussion
of the report is about a Westpac company which is one of the best Australian company for
handling the different banking operations. The company focus on the use of the operations with
the organizational development that is discussed. There are different assets which need to be
marked for the operations and the facilitations that are for the different products and the services.

Contents
Introduction......................................................................................................................................2
Part A...............................................................................................................................................2
Organization Structure.................................................................................................................2
Operational issues........................................................................................................................3
ERP planning...............................................................................................................................3
Sales flowchart.............................................................................................................................4
Part B...............................................................................................................................................5
AIS Package.................................................................................................................................5
Marketing Size.............................................................................................................................6
Marketing Leaders.......................................................................................................................6
Limitations...................................................................................................................................7
Recommendations............................................................................................................................7
Conclusion.......................................................................................................................................8
References........................................................................................................................................9

Introduction
The accounting information system includes the collection and the processing of the data which
is based on handling the different computerized based instructions. The functions are related to
the modules which work towards handling the applications related to the enterprise resource
planning. The organization communicate and handle the modules which are integrated into the
suite of applications that could easily be set with the manufacturing, supply chain and the human
resources. (Westpac, 2017). Westpac works on the handling of the data for the accounts as well
as the other formats which are related to the functioning of the inventory management and
growth. The functionality is also based on evaluating the changes and how the transactional
changes are doe, focusing on the operations which are being held in Australia, New Zealand etc.
The funds management with the operations are set to handle the inefficiency and the errors are
also evaluated based on the demands of the meetings. The processing of the business systems is
based on working over the Xero and MYOB where the transactions are held to work on the
different usage of the ATM cards or the check cards.(Wada, 2017).
Part A
Organization Structure
As per the operations which are set for Westpac, it is seen that the different services for the
finance are based on handling the accounting systems with the handling of deposits and the loan
structure. The trading facilities and the business operations are set to operate where the bank
focus on the product development factors as well. The segments of the customers are depending
upon working for a better pattern of leadership which includes the procedures that are for the
banking improvement services. (Leon, 2014). Westpac works on the diversified approaches
where there is a changing management with the funding companies that work towards the

gaining of the resources and working on the improvement of the coal mining. (Parhizkar et al.,
2016).
Operational issues
This is based on how the different factors for the ATM card is not able to work towards the
development or handling any of the overcharging transactions by the customers. (Sadat et al.,
2014). To handle this, the operations work to keep all the different transactions which are
cashless intact. One does not have to face the issues which might lead to the depletion of any of
the electronic services as well.
ERP planning
The system includes the functioning of the data and how the banking services are evaluated
based on properly offering and supporting the automation processes. This works towards the
development, with the management of the security and the files that relate to handle the financial
applications. The payment instructions are set and the receiving of the reports is through properly
working on the process of bank reconciliation. (Nofal et al., 2016). The ERP also works on the
improvement of the system and handle the saving of time and money. The process for the
payment structure is to handle the efficiency of the business with the structure that includes the
increased accuracy patterns. The processing is based on handling the risks which are related to
the fraud systems. Hence, for this, the payables and the receivables are measured with the better
and the greater flexibility in the system. This allows the accounting part with the increased
analysis and control. (Chongsombut et al., 2016). The automation process is based on
standardized message formats and working towards the transmission of the payables and the
receivable data. (Ganesh et al., 2014).

Sales flowchart
The procedures for the sales are based on the receiving agents and how the vendors are able to
work on reviewing the different RFQ processes. With this, the receiving of the ordered items and
the delivery notes help misanalysing the system response with the preparation of the invoice.
(Nzuki et al., 2015). The evaluation is based on how the vendors and the superintendent works
on handling the orders, by sending the quote response. The preparation of the different needs
with the buyer agent includes the requisition and how the shipping officer is able to handle the
sales in the department.

Different issues and the standardized solutions
As per the analysis, Westpac has been mainly focusing on working towards the better
functioning processes. Hence, for this, the employees are also evaluated on the Xero system.
Some of the issues related to the system functioning are based on handling and setting the
linkage for the system programming. (Wetpac, 2017). It includes how the employee ID and the
previous data of the employees is not deleted and the people add their bank account to the ID of
the employees who have left. Along with this, the use of the different networking connections
has been seen to be very prominent, along with working and handling the systems which relates
to take hold of the performance functioning and the evaluation of the errors under the unbalanced
forms. (Mjomba et al., 2015).
The best consideration is to hold the files of the system with the privacy maintenance and setting
the system with the possibility that includes the file data deletion and the working, which seems
to be irrelevant completely. (Westpac, 2017).
Part B
AIS Package
The check is on accounting information system with the cloud based structures and the adoption
of the AIS has been remove with the low skills, transactions and other operational roles. The
records are mainly related to the configuration settings and making all the decisions that will
help in retrieving the raw data. The structure of the accounts payable depends on how the vendor
of the system applications works towards the processing and performance for initiating the
purchase orders. (Soliman et al., 2015). The accounting information is also streamlines with
reports, development of the advanced modelling and the support of the data mining functions.
The tools are for the decision making and the financial reporting standards that leads to the

handling of all the consolidation programs. The AIS has been focusing on maintaining 1602
packages where there is a proper generation of the reports. The working is based on how the ERP
and the SAP systems are able to meet the standards of the innovative portals with the description
and control to the different applications. This is based on working towards handling the MYOB
and the system standards to meet the better, new and the larger kind of the organization structure.
(Westpac, 2017).
Marketing Size
The structure for Westpac banking is based on meeting all the different requirements and
working towards the process to proceed with the booking with the check on the growth of the
system accounting technology. (Mjomba& Kavale, 2015). Here, ERP is also set to improve the
accounting standards and how the architectural processes are able to meet the dimensions with
the proper information storage. The costs are mainly based on determining the different
accounting patterns which are set through the different ledgers.
Marketing Leaders
As per the analysis, Xero has been considered the marketing leader for Westpac where the bank
feels happen daily by making it easy to view all the accurate information for the performance of
the business numbers. The bank feeds are also backed with some of the simple pricing model
where the credit goes to Xero and how it is able to handle the different multiple feeds and the
different prices of the subscription. The standards are also checked to maintain the programming
of the system and then work towards maintaining the accounting software as well. In this, the
consistency approach with the use of the Westpac standards is mainly to administer and work
towards the different and the reliable standards. Xerox is one of the best cloud based company
which works over the Australian Security Exchange. It also works on the subscriptions that are

based on the different types and the entity factors. It also includes the features of the UI
designing and how the real time financial situations allow to make the issues invoices with the
on-site with the clients. (Westpac, 2017). The particular recognition is about how there are
different tax rates and the currencies which allow the invoices to paid directly through the
invoice.
Limitations
The major issue comes with the security of the system, which includes the accessing of the
system with the proper check on the security patterns. The system functioning also includes the
risks that related to how the vendor of the business failure or holds the small development team
failure. The other issues include the lesser support and the reduced cost that has been set for the
implementation cost as well. (McWilliams, 2017).For this, the workers need to work on the
proper system functioning with particular training time and the costs that are set towards the
implementation program.
Recommendations
The best possibility for the system growth is to work on the cloud computing patterns, which
includes the use of the SaaS software. Through this, there is a possibility to handle the data
encryption and the firewall of the system. The development is based on the system structure and
how the challenges are met to acknowledge about the desktop factors. The measures are mainly
to take hold of the security functions with the report to acknowledge about the system evaluation.
The deals are related to the consolidation program with the setup of the competitive edge that
works towards improving the efficiency of the needs and the risks management.

Conclusion
For this, there is a proper track of the activities which are adapted with the information structure.
The resources are based on varied industries and the business sizes which includes the data that
relates to the revenue, expenses and the customer information. (Wetpac, 2017). The accounting
information system includes the query language that allow the table and the manipulation of the
data to work on the input standards. The versatility of the data manipulation capabilities is to
match with the production of the reports that include the aging reports based on the depreciation
schedules with certain fixed assets.

References
Chongsombut, O., Verelst, J., De Bruyn, P., Mannaert, H. and Huysmans, P., 2016. Towards
Applying Normalized Systems Theory to Create Evolvable Enterprise Resource Planning
Software. ICSEA 2016, p.185.
Ganesh, K., Mohapatra, S., Anbuudayasankar, S.P. and Sivakumar, P., 2014. Enterprise
Resource Planning: Fundamentals of Design and Implementation. Springer.
Leon, A., 2014. Enterprise resource planning. McGraw-Hill Education.
McWilliams, K., 2017. Productivity in accounting services. Improving service sector
productivity: the economic imperative, p.118.
Mjomba, M.M. and Kavale, S., 2015. Effects of enterprise resource planning on organisational
performance on Kenya Power and Lighting Company: a case study of Kenya Power and Lighting
Company Voi branch. International Journal of Advanced Research in Management and Social
Sciences, 4(10), pp.119-131.
Nofal, M.I.M. and Yusof, Z.M., 2016. Conceptual model of enterprise resource planning and
business intelligence systems usage. International Journal of Business Information
Systems, 21(2), pp.178-194.
Nzuki, D.M. and Okelo-Odongo, W., 2015. Adoption of Enterprise Resource Planning Systems
in Kenya: A Case of Selected Manufacturing Firms in Nairobi Metropolitan. International
Journal of Business, Humanities and Technology, 5(2), pp.24-32.