Infomation_Systems

Information Systems and Software Applications Bobby Nutt GEN/200 4-5-10 Lauri Figueroa Information Systems and Software Applications Today organizations can choose from many different types of information systems and software application. In the following, I will provide an overview of software applications and information systems available for the accounting, finance, and management organizational departments within a company. Accounting Accounting application software performs the organizational accounting functions. Each business transaction from hiring an employee to producing payroll must be captured and recorded. Data and information system are important and can be considered the lifeblood for accounting. According to our week one readings we can see that one of accountant’s main tools is the transaction processing which is now web based and can capture, organize, and analyze data and information. Transaction such as billing customers, preparing payrolls, and purchasing provide data to the accounting department, which the accountants must track. Accounting departments must share the information and data they gather with other departments, especially in larger companies. Finance Financial application software provides information about the firm’s financial status to interested parties inside and outside the company. Financial software helps to predict cash flow and future economic status of the company. Information systems in the finance department makes the modern world financial possible. A finance department uses the information systems to monitor worldwide markets quickly and to provide or predict cash flow analysis. They also use decision support system to manage the company’s portfolio. Financial managers also use business intelligence software to analyze information in data warehouse. Large companies use information system to provide information to the other department within the corporation. Management departments Managers use productions and operations management applications software for production planning. These applications help management operate manufacturing and logistics facilities. Material requirement planning software is used to identify which material will be used, how much material will be needed, and when the organization will need it. Originations compete daily to have the best price, quality, time, and customer service. These are all major concerns of productions and operations management. Web based information systems can enhance every process in a company’s operation that adds value to product or service. Information systems have enabled the productions and operation function to link origination to other organizations. This is possible through computer-aided design and computer aided manufacturing through web based ordering systems. Conclusion The importance of computer software is important in order for business to operate efficiently which enable the business to provide what their customers want and needs. Information has a vital impact on business operations also. Information systems when used properly allow for the departments within a company to be more efficient and to allow more employees to operate under a single manager. This in return should allow managers to be more involved in the actual day-to-day operations. Form the above we can see that each department is unique in which information system and software applications that they need and use to be successful and the importance of being able to share the information between departments. References Axia College. (2010). Week One Reading. Introduction to Information Systems Retrieved April 1, 2010 from Axia College,  BIS/29—Introduction to Information systems. Axia College. (2010). Week One Reading. Introduction to Information Systems Retrieved April 1,2010 from Axia College, BIS/219—Technology Guide 2