Financial Information Systems Essay Example for Free

monetary Information Systems Essay entranceFinancing is the important function of every strain organizations, Computer based pecuniary information systems(FIS) defend pecuniary managers in decisions concerning. The financing of business, the allocation and control of pecuniary resources.What is finance ? pay is the art and perception of managing money. Virtually all individuals and organisations earn or rise money and spend or invest money. Finance is concerned with the process, institutions, markets and instruments involved in the transfer of money among and between individuals, business and governments. Major FIS Categories Include silver investment managementCapital budgetingFinancial forecastingFinancial planningCash Management absorb information on all funds receipts and disbursements with in a company on a real time or periodic basis. This helps the business to deposit or invest excess funds more quickly.for cash flow forecasts.to determine cash collection program s and alternative financing or investments strategies with forecasted cash deficits or surplus.Online Investment ManagementHelps to financial managementThe process of buying, selling, or holding each compositors case of security so that an optimum mix of securities is developed that minimizes risk and maximizes investment income for the business.Capital BudgetingProcess of evaluating the favourableness and financial impact of processed capital expenditures.Techniques in capital budgetingPayback Period (PBP)Net enter judge (NPV)Internal rate of return (IRR)Spreadsheets are heavily used for this process incorporates present value analysis of expected cash flows and probability analysis of risk to determine the optimum mix of capital.Financial Forecasting PlanningFinancial forecasts concerning to Economic situation clientele operationsType of financing gettableInterest ratesStock and bond pricesSoftwares used in FIS1.Sage Accpac ERPSage Accpac ERP offers the exemption of choice, se amless integration, high performance, and reliability that forward-thinking companies rely on to increase profitability and gain competitive advantage.Advantages finish uply Web-BasedEasy To Use and CustomizeTotal Investment ProtectionDesigned for Global commerceHundreds of Industry-Specific Solutions2.SAPThe e-commerce functionality in the SAP Business One covering will help you bring your business to the public with a set of Web design tools that enable you to build and customize your online store. Create an online catalog where customers, salespeople, and partners sens easily access yourproducts. Manage everything from taxes to inventory to pricing through a Web-based interface, all synchronized with SAP Business One.3.GreentreeGreentrees main users are medium sized businesses, but it is also successfully used by many larger organizations. The Green tree product is seamlessly scalable to support the whole spectrum of businesses from a humbled team to many hundreds of users .FeaturesGreentree is built around a core financial system, with seamless integration across distribution, job costing, manufacturing etc. The modular design will enable to implement a basic financial solution and add modules as the business grows or grows in complexity, or install a complete business management package from the outset.Greentree delivers both Windows-based and Linux-based software4.Microsoft Dynamics AXDesigned for mid-size and larger companies,It is a multi language, multicurrency enterprise resource planning (ERP) solution. Its core strengths are in manufacturing and e-business, andit includes strong functionality for the wholesale and services industries. includes applications for financial management, customer relationship management, supply chain management, human resource management, project management, and analytics. It integrates with widely-familiar Microsoft products such as Microsoft SQL Server, BizTalk Server, Exchange, Office, and Windows. Employees c an work with tools that theyre already familiar.Financial ManagementMicrosoft Dynamics AX delivers a range of financial capabilities for companies to consolidate accounts with subsidiaries or distribution centres, no matter where they are located.5.SAP Business OneSAP Business One provides you with instant access to your critical business information when you need it to run your business. This comprehensive application covers all your core operations, giving you keen insight, so youcan confidently make informed business decisions.FeaturesAll aspects of business become more agile, including administration, customer relationship management, operations, distributions, and financials. Helps in Accounting and Financials, Budgeting, Banking, Financial Reporting, customer Relationship Management (CRM), Business partner management.