Strategic Information Systems Business and Enterprise

Question: Discuss about the Strategic Information Systems for Business and Enterprise. Answer: Introduction The literature review depicts the importance of implementing accounting software packages in Australia, to overcome different issues that are associated to the traditional accounting system. In this literature review the selected online accounting software is Saasu that uses the concept of software as a service. The history of the accounting software packages and the development of adaptation of the software packages in small to medium business enterprises are also demonstrated in this literature review. Apart from this the literature review will also illustrate the current market size of the online accounting software package Saasu. Due to the presence of several accounting software packages in the market, the leaders of the accounting software and the competitive advantages of Saasu will also be discussed in this literature review. History of accounting software packages During the analysis of accounting software packages in Australia it has been found that, in the current market Saasu is one of the most widely utilized online accounting software. The distributive model implemented by Saasu, is completely based on the cloud SaaS (software as a service). In the year of 2000, this online accounting software was invented by Marc Lehmann and Grant Young. Initially it was invented as a side project, but after the year of 2004, different business organizations have adopted this to overcome the traditional business oriented issues (Mas et al. 2014). In the initial stage the business does not required to invest much for the business rather from the very beginning the business was proved to be very profitable from the business perspectives. In the year of 2000, the company has credited $1 Million. After gaining a huge profit from the competitive marketplace the executives of Saasu had decided to build a partnership relationship along with the Australian onlin e foreign exchange platform. Gradually in the year of 2014, Saasu established a partnership along with Westpac (Contractor et al. 2015). Saasu the online accounting software package was generally used to liberate small to medium businesses. Mostly in order to mitigate the issues regarding traditional accounting system, online accounting software is implemented, that disrupted the old ways. Rather than medium, small businesses can be operated well by utilizing the concept of online accounting software. It provided faster, better ways to manage the businesses. Behind the business success of Saasu, triple business stakeholders such as consumers, employees and shareholders are responsible (Tijani and Mohammed 2013). The company always focuses on the current market status and based on that Saasu decided the price of the products served by the organization. In order to gain competitive advantages Saasu is always ranges the price of the products lesser than the others. Development and adaptation of online accounting software Saasu From the market analysis it has been found that, Saasu is one of the well known online accounting software companies. The service provides cloud based solution to small to medium organizations for managing large amount of data. This is one of the most developed online accounting software packages that are handled by most of the retailer companies. Development year Impact 2002 Saasu was founded in the year of 2002. 2013 In the competition of ICB software was Saasu was funded to be one of the best accounting software (Khair, Cooke and Hand 2013). At the edge of the web the keynotes accounting software was designed. 2014 Saasu implemented cash flow and forecasting facility to the existing system. The data stored in the database was migrated to Australia (Wu and Smyth 2012). New innovative application programming interface was introduced to the system. The system changed to global search 2015 The system start to got direct feed from Westpac, St George and ANZ. Online payment system was involved to the system. Saasu integrated to OzForex and Westpac. 2016 Online payment system was involved with Paypal. Apple ios and android platform also started to utilize the Saasu online accounting software (Yelland, Sullivan and Makrides 2015). New dashboard and screen capabilities are involved for update of the new interface system. Saasu online accounting software is very helpful to run small to medium businesses from anywhere. After adaptation of the system many additional features are found to get added to the existing system of Saasu (Alamin et al. 2015). It provided a single dashboard system where, the users can found the details of bank balance, selling processes and upcoming payment as well. The users can give invoice to the system at the same time the system become capable to hold the details of the users. It has backup resilience and disaster recovery feature. The administration can search for the details stored in the database whenever and wherever needed. During adaptation of software as a service (SAAS) platform, confidential data might get lost; the import and export tools used by Saasu will help to recover those data, from the data storage (Venkatachalam 2015). The professional online invoice payment will enable the consumers to pay through online credit card payment options. The auto update and the mobile access approach provides, latest version with innovative features and at the same time, it involves easy expenses. The current market size of Saasu online accounting Since last three to four years the online accounting software has become a credible option for small to medium businesses but currently the business organizations are trying to change their platform from the traditional one to the innovative supply chain and finance system (Nunoo et al. 2015). Saasu is older online accounting software which is better than Xero in some of the operating sectors. It had involved the values of spreadsheet import activities in order to increase the mechanisms of data entry and export as well. Though, the application programming interface utilized by Saasu was very weak from the beginning of its innovations. In order to overcome the issue Saasu has developed their back end and front end applications. Saasu developed before Xero but it fails to provide all the services required by the consumers of the accounting software (Schwarze 2014). The main issue was that it does not have their norms rather it was focused on the norms and values of MYOB. In order to m itigate these issues Saasu merged the old and the new applications together to make it more innovative compared o the others. The transaction process of Saasu is limited only for high transmission businesses (Wu and Smyth 2012). It has been noted that, the official support of Zapier, added many non coded options to integrate other cloud based applications. Identification of the leaders in the market After a comparative analysis it has been determined that, the options provided to Saasu by the third party are very strong from the market selling perspectives. The price and credited amount allotted for the services of Saasu are lesser than the online software accounting organizations. The inventory management system manages by Saasu include, support quotes, consumer invoice and selling orders. The basic of the purchasing is very innovative, while the stock market of Saasu reaches a certain point it is capable to generate replenishment PO. The TS service provided by the organization is excellent (Nunoo et al. 2015). After adaptation of these features still the organization is unable to hold the top position in the competitive marketplace. The current market analysis implies that, MYOB is the top position holder online accounting software package. Analysis of current gaps and challenges identified by the consumers for Saasu The current market of online accounting software package implies that, the payroll management system of Saasu is balanced and for additional complicated situations good third party involvement is available in Saasu. The real inventory or perceptual inventory management system of Saasu gives reordering, large plan, multi locations and variant facilities to the consumers. It has no auto company entries. The market segmentation made by Saasu is completely informal by it is reliable and flexible (Contractor et al. 2015). The budget estimated to implement the system in the competitive market is based on the demand of the consumers. The account level economical allocation changes according to the changing time period. The security and data access functionalities provided by Saasu, is satisfactory but not excellent. The cash flow management system involves interactive drag, drop and forecast functionalities (Schwarze 2014). The dashboard and analytical approach is very weak and is not isolated rather it is integrated to third party. Online payment integration process is approachable due to its capacity to hold volume data entry. The users can get support very easily due to high authoritative help on the smart mobile applications. Conclusion From the overall discussion it can be concluded that, Saasu and Xero both the online accounting software packages act as a tool for small business organizations. The businesses those want to change their sales invoice, and masses of quotes should use Saasu accounting software. As, Saasu can deliver high volume invoice and at the same time, during the usage of inventory system Saasu can purchase orders with automated cashing and statements the small businesses are using this online accounting software package. The literature review discussed that, history, development an adaptation of Saasu online accounting software. In addition to this, the literature review also illustrated the current market size and competitive advantages of Saasu. Apart from this, the leaders in the market are also indentified in the literature review. Recommendations Security: The system is needed to be secured so that, the data stored in the database remain safe and secured. Selection of platform: Proper platform selection is needed to develop the service of Saasu. Training: The employees working for the organization are needed to be well trained so that they can involve continuous innovative development of the system. References Ahmad, N.S.M. and Leftesi, A., 2014. An exploratory study of the level of sophistication of management accounting practices in Libyan manufacturing companies.International Journal of Business and Management,2(2), p.1. Alamin, A., Yeoh, W., Warren, M. and Salzman, S., 2015, January. An empirical study of factors influencing accounting information systems adoption. InProceedings of the Twenty-Third European Conference on Information Systems. ECIS. Contractor, S., Alexander, L.V., Donat, M.G. and Herold, N., 2015. 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