Financial information system

Topics: Net present value, Finance, Investment Pages: 8 (705 words) Published: September 28, 2014
Financial Information Systems
Introduction
Major FIS Categories
Cash & investment management
Capital budgeting
Financial forecasting
Financial planning
Soft wares used in FIS

INTRODUCTION
Financing is the important function of every business organizations, Computer based financial information systems(FIS) support financial managers in decisions concerning. The financing of business, the allocation and control of financial resources. What is finance ?

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 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

Cash & investment management
Capital budgeting
Financial forecasting
Financial planning

Cash Management
Collect information on all cash 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 programs and alternative financing or investments strategies with forecasted cash deficits or surplus. Online Investment Management
Helps to financial management
The process of buying, selling, or holding each type of security so that an optimum mix of securities is developed that minimizes risk and maximizes investment income for the business. Capital Budgeting

Process of evaluating the profitability and financial impact of processed capital expenditures. Techniques in capital budgeting
Payback Period (PBP)
Net present value (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 &Planning

Financial forecasts concerning to …
Economic situation
Business operations
Type of financing available
Interest rates
Stock and bond prices
Software’s used in FIS
1.Sage Accpac ERP
Sage Accpac ERP offers the freedom of choice, seamless integration, high performance, and reliability that forward-thinking companies rely on to increase profitability and gain competitive advantage. Advantages

Completely Web-Based
Easy To Use and Customize
Total Investment Protection
Designed for Global Business
Hundreds of Industry-Specific Solutions
2.SAP
The e-commerce functionality in the SAP® Business One application 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 can easily access your products. Manage everything from taxes to inventory to pricing through a Web-based interface, all synchronized with SAP Business One. 3.Greentree

Greentree’s 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 small team to many hundreds of users. Features:

Greentree 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 software

4.Microsoft Dynamics AX
Designed 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, and
it includes strong functionality for the...
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