Strategic Information System Incumbent to Underscore

Question: Discuss about the Strategic Information System for Incumbent to Underscore. Answer: History of Accounting System It is incumbent to underscore that Accounting software or packages came into realization after most of the firm saw the need of keeping their information and data confidential. This dates back to the begging of the 20th century where most of the company realized the significance of this Accounting software. It is in this point of view that most of the firm opted to safeguard the interest and welfare of their business to prevent it from incurring such great loss that would be caused by evil minded people who would wish to make the firm collapse (Bonnet, (2013). This piece of work will squarely delve on the literature review about the accounting software making relevant comparison making relevant comparison of what other authors from Australia have written about the primacy of Accounting Software in the day to day activities of companies or business enterprises. Literature Review: Accounting mate (AM) Accounting mate is an example of Accounting Software that was developed at around 1984. This is mostly used in most of the firms in Australia due to its affordability and simplicity in usage. According to Laudon Traver, (2013) the accounting packages has played a very significant role in enabling the firm to conduct their business professionally and maintain efficiency and confidentiality that is required in the organization. The better thing with this software is that it is readily available the fact that makes most of the organization within the parameter of Australia opt for it in terms of installation in their companies. Goldstein, (2013)finds that the efficacy of the organizational operation has improved due to the adoption of the said software. According to the aforesaid personality, it has been established that the idea of transaction has been made easier and simpler and thus this heightens the marketability and productivity of the firms operation. Intacct Groppelli Nikbakht (2012) assert that Accounting Software has greatly opened doors for businesses to be conducted in a more efficient manner or way. According to Van De (2012) Intacct is the most preferable and the leading Accounting system used by most of the organization due to its ability to perform multifaceted activities. It is incumbent to note that most of the public sectors in Australia prefer using this type of software since it generate genuine transactional statement. Moreover, it allows the government to calculate its revenue with ease since it can hold multiple data. It is common knowledge for one to understand that the government deals with calculation of taxes and revenues. Although this application is considered to be relatively costly than the former. Notably, its use and application makes it to be the most effective. Ideally, this system has enabled most of the firm and corporations to achieve tremendous progress. Red wing software (RWS) According to Dener, Watkins Dorotinsky (2011) information technology has greatly played a noble role in seeing to it that different accounting software are viable and used in different sectors to aid their functionality. Red wing software is another package that has gained much accolade due to its nobility role in companies. The RWS is an application that is most relevant to the customer since it offers customer services. In as much as it is difficult to operate, it has been seen to be the most effective since it provides all the requisite services the firm requires. Ideally, the organization may use this software to increase their sale due to its efficacy in enhancing transparency of the data. Primarily, most companies are embracing the use of RWS as it provides the requisite services to the client and due to its ability to store multiple data and encrypting of information for future reference (Hollowell, 2011). As such, the firm may still stand a better chance to operate their bus iness effectively having obliterated the issue of malpractices in the company. For one to effectively use RWS, they ought to have high training on it as it is relatively technical to use. This implies that the management has to take time to take its staff through some induction course once they have initiated this software in their system. Advantages of the aforesaid software This accounting mate software is widely used due to its simplicity to navigate and multitask with it. Its always available for download and easier to be install compared to other software. Furthermore, this is a useful accounting solution which has proven to be reliable with no error or hanging when loading data (Saini, 2011). Multi organization companies ranging from public to private sectors majorly employ this technology. Because of its ability to provide accounting information effectively (Sutherland, 2011). Clients can interact with companies as they feel comfortable when their private information is stored in a secure place. With the recent cheap software, firms have reduced the manual cost of data entry. Information are timely received in real-time. Data processes are automatically updated, faster and accurate. Less error are encountered, because only one data is use compared to manual method where multiple transactions are made on different platforms. It is available to be shared to larger audience with a click of a button. Employees feel more appreciated when they are trained to use this innovation. Disadvantages of the above software As much as this software is so beneficial it has its pitfalls. It requires experts to operate and navigate through it. This is why it will force organization to employ information technology professionals who will be able to handle it without difficulty. Accountants will need to been trained to use this software, forcing a company to introduce a paid trainer. Those new or those staff who use this application less frequently have hard time entering data (Curtis, V. (2015). They prefer writing it done on paper than staining organizing information on a logic order on the accounting software. Fraudsters are targeting sensitive private information to steal from clients, which is easier when accounting software is not strictly controlled. If information got lost and had not been properly backed up it leads to massive financial loss. Security measures needs to be introduced to curb any attempt of an intruder who have ill intentions to access and corrupt the files. Power outrage do cause dis ruption on workers performance thus reducing the output result. The cost off regularly updating a purchased software is enormous. Privacy regulation from relevant authority are very expensive. Some do not support in specific computers so it is required to buy new ones thus incurring additional unplanned cost. Recommendation Government should use this software to calculate tax and revenue collected from its citizens. Because it is efficiently faster and it automatically process information. Some of the dominant factors that led to the realization and adoption of the said software in most of the organization is due to the issue of hacking, scamming and other fraudulent issues and risks that a company was subjected to. This is where the issue of encryption came into being to see to it that firms information and important data are kept in safe custody away from any malicious act and harm to the business. Intacct is an Accounting Package that is widely used by different organization not only in Australia but globally due to its efficacy and ability to perform activities at a go. Most of the data supported by RWS cannot be easily harmed or corrupted as it has high efficiency system that safeguards confidential information from either loss or manipulation (Stickland, 2010). References Bonnet, P. (2013).Enterprise Data Governance: MDM. London: Wiley. https://www.ebooks.com/1143633/enterprise-data-governance/bonnet-pierre/ Laudon, K. C., Traver, C. G. (2013).E-commerce: Business, technology, society. https://pdfsr.com/pdf/e-commerce-2013-9th-edition-by-laudon Goldstein, H. (2013).Multilevel statistical models. Hoboken, N.J., Wiley. https://rbdigital.oneclickdigital.com. Groppelli, A. A., Nikbakht, E. (2012).Finance. Hauppauge, N.Y: Barron's. Van, . L. M. P. J., De, J. E. (2012).Learning RStudio for R Statistical Computing. Birmingham: Packt Pub. Dener, C., Watkins, J. A., Dorotinsky, W. L. (2011).Financial management information systems: 25 years of World Bank experience on what works and what doesn't. Washington, D.C: World Bank. Hollowell, J. (2011).Moodle as a Curriculum and Information Management System. Birmingham: Packt Pub. Saini, K. (2011).Squid Proxy Server 3.1 Beginner's Guide. Birmingham: Packt Pub. Sutherland, E. (2011).Computer accounting: A systematic approach using MYOB business management software version 19. Frenchs Forest, N.S.W: Pearson Australia. Stickland, D. (2010).Chuch finance: An approach to the reporting, recording and tracking of Church Finances using accounting software. Ballarat, Vic: David Stickland. Curtis, V. (2015).MYOB Software for Dummies - Australia. Wiley.