Financial Information Systems Essay

INTRODUCTIONFinancing is the important government agency of every parentage organizations, Computer based pecuniary information systems(FIS) take for monetary managers in decisions concerning. The financing of business, the whollyocation and control of fiscal elections.What is pay ?Finance is the art and science of managing money. Virtually all individuals and organisations earn or rise money and spend or invest money. Finance is touch with the process, institutions, markets and instruments involved in the transfer of money among and between individuals, business and governments. major FIS Categories IncludeCash & investment managementCapital budgetingFinancial forebodeFinancial planningCash finaglementCollect information on all change receipts and disbursements with in a company on a real time or periodic basis. This helps the business to flummox or invest excess funds more quickly.for cash menstruum forecasts.to determine cash collection programs and alternative finan cing or investments strategies with forecasted cash deficits or surplus.Online Investment instructionHelps to financial managementThe process of buying, selling, or holding each type of security so that an optimum alloy of securities is developed that minimizes risk and maximizes investment income for the business.Capital BudgetingProcess of evaluating the profitability and financial impact of processed capital expenditures.Techniques in capital budgetingPayback goal (PBP)Net present value (NPV)Internal rate of return (IRR)Spreadsheets argon heavily used for this process incorporates present value analysis of evaluate cash flows and probability analysis of risk to determine the optimum motley of capital.Financial Forecasting &PlanningFinancial forecasts concerning to Economic situation business concern operationsType of financing availableInterest rates billet and bond pricesSoftwares used in FIS1.Sage Accpac ERPSage Accpac ERP offers the license of choice, seamless integrati on, high performance, and reliability that forward-thinking companies rely on to increase profitability and gain competitive advantage.AdvantagesCompletely Web-BasedEasy To Use and Customize contri stille Investment ProtectionDesigned for Global stage businessHundreds of Industry-Specific Solutions2. jadeThe e-commerce functionality in the wear upon Business One application will help you bring your business to the public with a set of Web function tools that enable you to pass water and customize your online store. Create an online catalog where clients, salespeople, and partners can easily access yourproducts. Manage everything from taxes to inventory to pricing through a Web-based interface, all synchronized with SAP Business One.3. youngtreeGreentrees 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 lilliputian team to many h undreds 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 resolving power and add modules as the business grows or grows in complexity, or lay down a complete business management package from the outset.Greentree delivers both Windows-based and Linux-based software program4.Microsoft Dynamics AXDesigned for mid-size and larger companies,It is a multi language, multicurrency enterprise vision planning (ERP) solution. Its core strengths are in manufacturing and e-business, andit includes strong functionality for the wholesale and work 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, Of fice, and Windows. Employees can 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 tiny 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 raise 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.