Strategic Information System Accounting Business and Sections

Question: Describe about the Strategic Information System for Accounting Business and Sections. Answer: Introduction The study focuses on the case study analysis of a Sydney based company. The name of the company is Disk4U. It is into selling Vinyl records and CDs. It is a small and medium enterprise that has four outlets present in the metropolitan city of Sydney. Apparently, the company sells most of it orders through the physical stores via phone orders and emails. However, a new channel of sales is being established by the company for the increase of sales. It is through Ebay. The introduction of online channel has opened many gateways to the company for targeting various customers from different parts of the city. Implementation of online channel in this scenario not only helps the company in targeting customers of Sydney, but also from other parts of Australia. In this circumstance, the company is facing problem in handling the details of business accounts manually. The case study wants the solution of handling business reports and accounting in a better way. It will be provided in the follow ing in a detailed manner. Technology is a factor that is used in most of the business operations by all types of corporations. The study will focus on the implementation of technologies in the accounting sections and business reports. Case Study Analysis Information technology is the latest trends that are used in every field of operations in the business world. There are many types of technologies that are used in the accounting field to avoid manual mistakes that are done by human while handling accounts in pen and paper. The uses of technologies have many benefits in the reporting of the business and in the accounting section. In the present scenario, Disk4U is gradually expanding its business operations in the online platforms (Elbashir et al. 2013). Expansion of business in the online platforms not only includes profitability but also includes more customer engagement, increased promotional activities, marketing of the products, sales reports, demand forecasts, prediction of supposed profit in the coming year etc. The profitability and the finance section of the company come under the section of accounting while the rest business actions come under different business operations. Hence, business reporting of the company requires reporting of the above mentioned business operations to the managing director along with other senior members of the company in its Sydney branches (Belfo and Trigo 2013). The accountant of the company has an understanding of the language of accounting in businesses. Advancement of technology in this field will enhance the ability of the accountant of the company in order to analyze the values of statistics in a more efficient and effective manner. The accountant of the company on using technology will easily be able to interpret business language in an easy way (Yeh et al. 2014). Following are the list of technologies and software that the company can use in the business reporting section also along with the accounting section. There are many software available for accounting. However, the company will use the free software for accomplishing the purposes. It will save much costing of the company. A selected amount of budget is also allocated for the clean sheet strategy that is des cribed below (Alpar et al. 2015). Software, internet and equipments can be used for the accounting purpose. These operations will help in managing the sales of the company through online channels. Various equipments can be used in terms of managing g accounts such as printers, computers, scanners, faxes, etc. The good part regarding the usage of these equipments is low cost. The company can easily afford these equipments within the stipulated budget. However, these machines are fast, sophisticated and very easy to handle (Bhatt 2015). Apart from that, there is various software that is listed for the use of business reporting and accounting. They are Business Intelligence and Reporting Tools, LibreOffice, and Microsoft Power Business Intelligence. BIRT project is a project based on software that provides capabilities of business intelligence and reporting for different clients. It is one of the best software that can be used by the company for business reporting. The software provides wide range of enterprise and operational reporting along with other facilities. BIRT project is considered as top level software that is useful not only for open source software and different vendors of software industry (Hiebl 2014). The company can use this software as the main purpose is for allowing the developers of the application in integrating reports that run the application. LibreOffice is composed of programs that are used for creation of drawings, slideshows and databases. Mathematical calculation is also done by using formulae. The software can be run in 110 different languages. The accounting professionals can use the software in their preferred language. Accountants use the LibreOffice in the different computing programs such as OS X, Microsoft Windows and Linux. The company can also perform some multimedia tasks using the software that is considered as an added benefit. An advantage of using LibreOffice is it can be used for database management. The accounting professionals can perform preparation of business reports, management of databases, etc. by using this software. An embedded storage engine is added to the software (Tyrychtr et al. 2015). It is known as Firebird. Employees of the company can use the software for storing data regarding the new online business of the company. Apart from the above two software, there is another one software that can be used by the accounting professional in the company such as Microsoft Power Business Intelligence. the features that can be availed by the company on using this software are scorecards and dashboards, performance management, data warehousing, predictive analytics and data mining. Data mining is an advantage for the accounting professionals regarding management of data (Tank 2015). The business intelligence tool can be used for creation of different purposes of business reporting. Management of online channel by Disk4U will help the company for attracting more customer base. Finally, it would lead to increased sales of the company. References Alpar, P., Engler, T.H. and Schulz, M., 2015. Influence of social software features on the reuse of business intelligence reports.Information Processing Management,51(3), pp.235-251. Belfo, F. and Trigo, A., 2013. 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