ERP Assignment: Strategic Information Systems for Sydney Airport

Question

Task: After finishing your Bachelor of Accounting, you joined a multinational enterprise in 2007. During the last thirteen years in a multinational enterprise, you have performed different roles, including:

1. Evaluating the systems development methodologies and the role of accountants in system development projects, and

2. Appraising the risks inherent in the Enterprise Resource Planning, and analysing the role of ethics and the various internal control processes that need to be in place.

On 1st July 2020, you decided to quit the job and started your own accounting/management consultancy firm. Further, you thought it better to get the latest academic insights of professional accounting. For this purpose, you started your Master of Professional Accounting at Holmes Institute, Brisbane. And you enrolled in HI5019 in the first trimester since it is the most relevant unit to your consultancy services. One of your firm’s clients is currently evaluating its information systems, and the Managing Director of your client thinks that they needed to invest in an Enterprise Resources Planning (ERP) system to support the growth of the business. During your first meeting, the managing director of your client requested you to evaluate their business and recommend ERP software.

Client/Company Selection
To prepare this ERP assignment, you are required to select a listed company of your choice (your firm’s client). The selected company should be a manufacturing firm listed on either The Australian Stock Exchange or the Stock Exchange of your home country. The chosen company is your firm’s client.

Framework of Analysis
The report should include the following components:
1. Background of the Selected Business
1.1 Describe your client’s business activities involved in the Transaction Processing System.

1.2 Consistent with Section 1.1 above, discuss the key business processes involved in the Transaction Processing System.

1.3 We have evaluated different business processes in Interactive Tutorial 4 to 6. Based on this discussion, evaluate the business process of your client to identify potential weak internal controls and the risk associated with these potential weak controls.

1.4 Recommend the control techniques that will reduce or eliminate the potential risks identified in Section 1.3 above.

2. Systems Requirements
2.1 Based on Section 1.1 to 1.4, briefly discuss the software features and functionalities that your client should consider supporting its business activities.

3. Software Selection
3.1 ERP functionality falls into two general groups of applications. Based on our tutorial discussion, summarise these two general groups of applications.

3.2 Further, we will discuss the general functionalities and key elements of ERP systems. Compare and contrast the features and functionalities of three ERP software packages offered by the ERP vendors.

3.3 In the end, identify the most suitable vendor and ERP software package for your client and explain why it is the best option.

Answer

Introduction
Vital data frameworks are very fundamental for the instance of any endeavour. It tends to be found out that these frameworks assume an urgent part in the advancement of potential with regards to the frameworks which are put in the operational techniques of an organization. It very well may be resolved that for this report the organization of Sydney Airport will be looked into and their systems framework will be characterized. Following this product necessity and appropriate programming will be suggested. This report gives a gross outline of the component of ERP bundle utilization which can be fused inside an organization. It likewise reveals insight with regards to how these bundles are helpful and powerful.

1. Background of Selected Business
1.1 Transaction Processing System - Activities
It very well may be determined that the Sydney Airport has an expected measure of 5 cycles in the exchange handling arrangement of the organization. The essential cycle is that of the information passage. Trianita et al. (2020), shows that for the instance of this interaction the information is basically gone into the framework adequately. It very well may be seen that the progression after this is that of exchange preparing. In this framework, there are various sorts of preparing strategies. Quite possibly the most well-known techniques are group handling where information is prepared in bunches. This is utilized by Sydney Airportfor this stage.

Moreover, it is well demarcated that more phases of document handling and information base expansion close by the component of request preparing is simply and adequately embraced. Trianita et al. (2020), demonstrates these frameworks include exercises of handling the entered and prepared information into the data set, variant of a document for the information, and preparing whatever other requests which may come in the importance of the information which has been posted.

Moreover, it very well may be learned that more phases of document handling and information base expansion close by the component of request preparing is basically and adequately embraced. Trianita et al. (2020), demonstrates these frameworks include exercises of handling the entered and prepared information into the data set, variant of a document for the information, and preparing whatever other requests which may come in the importance of the information which has been posted.

1.2 Key business processes involved
Key business measures that are related with the component of the exchange preparing framework are basically that of deals exercises which are basically noted. It tends to be noticed that the inclusion of the showcasing group and the HR is additionally high. It can moreover be seen that the business cycles of ccounting and money are likewise included. Dissemination Based business measures are likewise adjusted to the extent of an exchange preparing framework. Gupta and Sadhogi (2019), express that exchanges for the most part require different divisions to team up to guarantee that they can be recorded appropriately and adequately. This assists with guaranteeing a higher pace of adequacy.

Further findings are suggestive that, for the possibility of the general arrangement of exchange preparing there is a higher pace of viability that can be created. Wang and Kogan (2018), shows that the business measures which are related with exchange preparing can be systematic coordinated through the methods for a MIS framework which can be established. This would help in the age of a more prominent capability of adequacy. This likewise is demonstrative that the business measures related should be incorporated to keep up the uprightness and feasibility of the general cycle. This guarantees a sound pace of ability to be created through the exchange handling framework.

1.3 Identification of internal control weakness and risks
For Sydney Airport it is resolved that there are a few inward controls which we present. Basically, it tends to be discovered that the organization by and large utilizes an immediate account framework which utilizes the information from one client input and is directed through the whole framework (Bevilacqua and Ciarapica, 2018). Subsequently, it very well may be seen that this is a likely territory of danger as there is no observing or control. Hence, distorting information at this stage may prompt significant disappointments in later stages. This may prompt deception of data and may prompt significant misalignments which are caused through the whole extent of the organization on the loose.

Another significant component to be noted is that at the phase of request the exchange handling framework refreshes the requests after the record preparing has been accomplished for Sydney Airport. In any case, it very well may be seen that the inquiry which may have been set by a customer may have been fundamental and it might have required prompt consideration prior to documenting. Accordingly, this prompts a significant loss of time and interaction productivity since the whole cycle is needed to be rehashed (BosuPeng et al. 2019). This aids in the age of a sound pace of gainful limit.

1.4 Methods of Control
The that can be utilized to guarantee that there is by and large combination on the whole the cycles of the organization. This encourages guaranteeing that observing and control conventions are made simpler and more powerful through the free stream and transaction of data across organization correspondence channels. This will help all together for producing a higher pace of viability for the business by and large.

Also, it tends to be seen that the utilization of an ERP framework is successfully suggested as this would help all together for better arranging activities Soliman et al. (2019), demonstrates that an ERP framework assumes an essential part in guaranteeing an elevated degree of viability is created and kept up through the extent of an association successfully. This assists with guaranteeing a sound pace of formative viability which can be brought around.

2. Systems Requirements
Programming prerequisites for the organization basically include the utilization of various programming that can be utilized for guaranteeing a higher pace of adequacy. It tends to be learned that in light of the gear there can be a couple of significant prerequisites that are underlined for the execution of an appropriate programming framework to manage the TPS of Sydney Airport. It tends to be found out that principally the danger should be audited and the controls expected should be seen all together for understanding the diverse programming prerequisites for the instance of Sydney Airport. This aides all together for guaranteeing a sound formative limit.

Basically it tends to be learned that for the organization of Sydney
Airport there are significant dangers that can be counted. It can basically be seen that the product which should be executed necessities to decrease the danger of human mistake simultaneously. Kitchin and Dodge (2019), states that the utilization of programming that will diminish the general component of dangers because of human blunder should be all around adjusted to the essential extent of an organization. This would take into consideration guaranteeing that the choice which is being made or the information that is being inputted is by and large done in a controlled way and is cross-checked before it is authoritatively finished.

What's more, remembering the component of human blunders, the requirement for combination has been featured. Abollado et al. (2017), indicates that combination of the frameworks in a preparing framework is fundamental and helps increment work process. For the frameworks of Sydney Airport and the exercises which are embraced, it very well may be perceived that there is an extension for a multichannel collective framework that has been set into the setting of the organization. This shows that the organization of Sydney Airport needs programming that helps in multi-channel coordinated effort for guaranteeing legitimate observing and control.

Besides the defender of the danger related with the absence of request value-based cycle arrangement, It can be seen that this danger should be moderated to guarantee that a smoother interaction is set up to diminish the general lead of conveyance of administrations to the traditions. Gupta and Sadhogi (2019), along these lines express, the product which should be placed in the castle should have the option to make changes and open windows during the time spent record preparing and should have the option to embrace request dealing with and document and information base administration all the while. This would assist with diminishing the general lead time and furthermore guarantee a more prominent degree of proficiency which can be fused.

It is determinative from the component of generating a larger potential of effectiveness that there is a potential that can be created through the means of software processing. It can be ascertained that from the case of the Sydney Airport their transactional processing system has a major privacy and security requirement to mitigate the occurrence of fraud. This element is stressed upon through the context of software updates that are required to be incorporated and this will ensure a larger potential of development that can be undertaken. This will also ensure that there is a sound potential of effectiveness that can be undertaken. Thus, the software needs to be geared towards the development of privacy potential and effective rates of congruency that are available and can be implemented to engaged within processes of security.

At long last, it very well may be seen that the product should be adjusted to the extent of the organization and should be high on security. Because of the idea of the matter of Sydney Airport, there is a requirement for information security and the insurance of client information. Along these lines, there is a substantial security need and prerequisite which can be discovered for the product which should be actualized into the setting of the organization of Sydney Airport basically. This would help in the age of a wide pace of adequacy. It would likewise assume a vital part in maintaining the respectability and the nature of the business.

It tends to be drawn from this that the product necessities are fundamental as for the usefulness of the organization generally. This is significant as it helps in arrangement that the product which is planned is should have been ready to create vital arrangement, more prominent work process, and give fitting security. These prerequisites are for the most part illustrated through the extent of producing adequacy which can be created by guaranteeing a higher pace of productivity. It is resolved that for the instance of the product which should be actualized the necessities are fundamental to be seen.

3. Software Selection
3.1 ERP functionality and application
The ERP frameworks are a mix of various frameworks that are accessible. It very well may be determined that ERP frameworks are isolated into two general gatherings of uses. The main kind of use is that of the board applications. These applications help to back out administration measures basically. These might be materials the executives, the board, project the executives, deals the board, and such different capacities that are adequately present. These assistance all together for guaranteeing that administration can be attempted in a more succinct and exact way with regards to an organization.

The second gathering of uses is ones that are innate to operational strategies. It very well may be seen that uses of this nature include the possibility of preparation and planning, electronic information exchange, portable innovation advancement, preventive support, quality control, etc. These assistance all together for guaranteeing that there is a more elevated level of feasibility. This assistance to guarantee that there is fitting incorporation inside the working structure of an organization and furthermore help to guarantee that the administrative applications are controlled appropriately. These assistance all together for the age of a more prominent component of effectiveness through the execution of an ERP bundle.

3.2 ERP Software package comparison
It very well may be learned that for the instance of the ERP bundle which is accessible is basically a bundle that can be produced thrush the extent of viability that will be created. It tends to be determined that for the instance of the product bundle which is to be attempted there is a higher pace of viability that can be created and moreover, there are various stages that are available. It tends to be learned that three particular ERP bundles are noted for this situation. One is that of the ERP bundle of Oracle, one is that of Microsoft and one is that of Workday.

The Oracle ERP bundle is focussed on danger the board and income the executives successfully. This ERP bundle looks to guarantee fitting degrees of task the executives that can be attempted. The Microsoft ERP bundle bargains and creates center around the component of powerful information the board and information protection that should be actualized. It additionally encourages dynamic. The interaction of dynamic basically with regards to an undertaking is basically significant as there is a requirement for understanding the most suitable ERP bundle for the organization of Sydney Airport.

3.3 ERP Package chosen
The ERP bundle picked for the organization is that of Microsoft. It very well may be sure that for the TPS which is executed in the organization of Sydney Airportthe significant component is that of information the board which should be embraced to sourpuss hand-off to leaders. This is a requirement for the organization to produce a more prominent degree of limit with regards to progression of business and moderation of dangers. It very well may be seen that the Microsoft ERP bundle assists with grouping the information into legitimate bundles which are available and furthermore it likewise helps all together for entering a sound degree of viability which can be attempted (Dynamics, 2020).

Moreover, it can likewise be seen that the organization needs a high pace of information security because of the idea of its business Thus, it very well may be seen that the Microsoft ERP assumes a significant part on account of guaranteeing a sound pace of formative adequacy which can be created. This aids all together for guaranteeing that a higher component of viability can be produced. Furthermore, the information security prospect likewise assists with producing an appropriate consistence level in the TPS arrangement of the organization of Sydney Airport. It considers settling on swifter choices easily and guarantees more prominent consistence to the frameworks.

Conclusion
Drawing from the setting of this investigation it tends to be found out that there is a heavier degree of adequacy that can be created for guaranteeing a sound pace of improvement through programming frameworks. For the organization of Sydney Airport, it is vital for see that the execution of an ERP bundle is a fundamental method for guaranteeing a more noteworthy degree of security and productivity. This likewise helped all together for creating a more prominent measure of adequacy which can be involved. At long last, this assists with guaranteeing that the Transaction Processing System of the organization can be sued for participating in an enormous degree of limit age. It additionally assists with guaranteeing that information security and client care are made key focal points of the TPS actualized in the organization.

Reference List
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Bevilacqua, M. and Ciarapica, F.E., (2018). Human factor risk management in the process industry: A case study. Reliability Engineering & System Safety, 169, pp.149-159.

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Bosupeng, M., Dzator, J. and Nadolny, A., (2019). Exchange Rate Misalignment and Capital Flight from Botswana: A Cointegration Approach with Risk Thresholds. Journal of Risk and Financial Management, 12(2), p.101. Retrieved on 18January, 2020 from:https://www.mdpi.com/1911-8074/12/2/101/htm

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Kitchin, R. and Dodge, M., (2019). The (in) security of smart cities: Vulnerabilities, risks, mitigation, and prevention. Journal of Urban Technology, 26(2), pp.47-65.

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Soliman, M., Karia, N., Moeinzadeh, S., Islam, M.S. and Mahmud, I., (2019).Modelling intention to use ERP systems among higher education institutions in Egypt: UTAUT perspective. Int. J Sup.Chain.MgtVol, 8(2), p.429. Retrieved on 18 January, 2020 from:https://www.academia.edu/download/59018054/2141-9424-1-PB20190424-99444-1vubx3s.pdf

Trianita, M., Dharma, S., Mulatsih, L.S. and Fitri, R., (2020).Optimization of the Use of Transaction Processing Systems in Minimarkets. KnE Social Sciences, pp.66-80. Retrieved on 17 January, 2020 from: https://knepublishing.com/index.php/KnE-Social/article/download/6843/12520 Wang, Y. and Kogan, A., (2018). Designing confidentiality-preserving Blockchain-based transaction processing systems. International Journal of Accounting Information Systems, 30, pp.1-18. Retrieved on 17 January, 2020 from:https://ideas.repec.org/a/eee/ijoais/v30y2018icp1-18.html