The Lecturer has asked us to make the following changes in our 300 words minimum assignment for better grades.
1. Define business process but only definition of business process is not enough.
In this number, we need to choose a particular bank or a specific firm which does business in a large scale. Small Retail companies are not accepted. The answer mentioned in this is in general which is not accepted by the teacher.
Relate the specific bank with the following cycles.(Diagrams and relations of the specific business with the cycles are necessary for better marks)
Existing Sales Cycle
Expense Cycle
HR Cycle (Human Resource)
GL Cycle
Conversion Cycle
2. Business Requirement
There needs to be data, input, and report requirement of the following:
Sales people
Purchase people
HR
GL Cycle
Conversion
Financial and Management reports with Adjustment Entry System relating to the GL Cycle.
3. System requirements
Modular
Multi – Currency
Multi Tax and Accounting Standard
Supported Liability such as Bolt on
4. Software and Vendor selection
Put selection criteria in the table form and choose Vendors which perform with large scale business and relate the software’s that company. Do not prescribe small scale software’s.
For Example - The table form with columns and rows can include SAP, NET, and other related systems.
Question 5 to Question 8 is Literature Review.
Qualitative should include the following:
Customer Service
Match the table will be the Accounting system the company will use.
Please mention the following points as well.
Method of Utilisation, Explanation with at least 2 references
Risks - Risks need to be based on research findings on companies.
Example- Percentage of risks in businesses