Overview of Business Information Systems
Question 1
Eds position in Gardener + business entity highlights operational inadequacies especially in financial issues of the venture. The fact that the company has various areas affiliated to finance the accounting of the venture poses to be diverse and challenging especially in absence of an accounting or transaction system. It is apparent that Ed faces numerous financial operation challenges at the end of the month and accounting process is long due to undeveloped technological links. In order to improve Eds efficiency the venture should embrace a system like transaction processing system in order to integrate the entire operations of the venture and simplify financial records and accounts. Gardener + inputs involve identifying areas of dissatisfaction related to the services of the business (Cengage Leraning Inc., 2009). The process component of the company involves evaluating details of proposed services, sales made and designing schedule of the services. Regarding the output notion of the venture, the firm provides services to the customers as stipulated and records completed tasks.
The business can restructure its transaction procedure in order to effectively responds and update its financial accounts. Through transaction processing systems, the venture can improve its services via the four stages of the process: input, data processing, output and storage of information. Ed needs to develop reports in order to raise efficiency in the financial component (Wigand, 2003). Ed should regularly formulate the following reports: annual financial reports, cash flow and pro forma statement in order to identify the financial position of the business. The back-office work modification is paramount in order to facilitate coordination with the financial records of the business. For instance, the back-office alterations can involve installing supply chain management systems that links with Eds office.
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