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Information System Used in Financial Institutions

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Information System Used in Financial Institutions
2010

Information Systems for Managers
Financial & Accounting Information Systems Banking & Financial Services
This report gives an insight into the Finance & Accounting Information Systems used in the sector of Banking & Financial Services. With respect to the same, the report also gives an idea into the systems in general, as also with respect to the State Bank of India. Finally, it ends with giving the conclusion regarding the use of these information systems.

Ishan Parekh MBA (tech.) - Manufacturing Roll No. # 315
11/8/2010

Table of Contents

INTRODUCTION TO INFORMATION SYSTEMS FOR MANAGERS INTRODUCTION TO FINANCE & ACCOUNTING (F & A) INFORMATION SYSTEMS STATE BANK OF INDIA – BACKGROUND SBI – HISTORY OF IT FINANCE & ACCOUNTING INFORMATION SYSTEMS – MODULES CORE BANKING TRADE FINANCE CAPITAL MARKETS & TREASURY COLLATERAL FOREX GENERAL LEDGER ACCOUNTING BENEFITS CONCLUSION - SBI CONCLUSION – FINANCE & ACCOUNTING INFORMATION SYSTEMS APPENDIX INDEX REFERENCES

3 3 4 4 5 5 6 7 7 8 8 8 9 10 15 16

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Introduction to Information Systems for Managers Information Systems for Managers (ISMs) are interactive systems, which combine the human and machine interfaces, supporting in making decisions for users within and outside the traditional organisational boundaries. Daily operational activities plus various decisions such as current and future tactical ones with respect to the organisation’s overall strategic direction are supported by these systems. These information systems comprise of different functional and constitutional perspective; depending upon their classification based upon either their functions or the business group they intend to serve. (Laudon & Laudon, 2008)

Introduction to Finance & Accounting (F & A) Information Systems F & A information systems are helpful by combining the practice and study of accounting with information systems with respect to their design, implementation and monitoring. Traditional accounting methods



References: Eximbills Enterprise. (2005). Retrieved from China Systems Corporation: http://www.chinasystems.com/solutions/eximbills_enter/default.asp A World Class Architecture. (2009). Retrieved from Murex: http://www.murex.com/architecture.php Collateral Management. (2009). Retrieved from Murex: http://www.murex.com/mxcollateralmanager.php Heson, W. (2009, September). Accounting Information Systems. Retrieved from http://earticles.info/e/a/title/ACCOUNTING-INFORMATION-SYSTEMS/ Hunt, R. (n.d.). Case Study: State Bank of India. Retrieved from TCS - Case Studies: http://www.tcs.com/sitecollectiondocuments/case%20studies/bancs_case_sbi.pdf Laudon, K., & Laudon, J. (n.d.). Management Information Systems (9th ed.). Pearson Publishers. Mercury - FX. (n.d.). Retrieved from Credence Analytics: http://www.credenceanalytics.com/html/mercury-fx.htm Narter, B. (n.d.). Tipping The Scale : Using Unix at One of the Largest Banks on Earth. Retrieved from TCS - Case Studies: http://www.tcs.com/SiteCollectionDocuments/Case%20Studies/BaNCS_Case-Study_SBICelent_120210.pdf Nucleus Software. (n.d.). FinnOne - Power of Retail Banking. Retrieved from Nucleus Software: http://www.nucleussoftware.com/images/FinnoneGLBrochure.pdf Overview - Credence Analytics. (n.d.). Retrieved from Credence Analytics: http://www.credenceanalytics.com/html/products.htm TCS B@NCS - Core Banking. (n.d.). Retrieved from TCS - Case Studies: http://www.tcs.com/offerings/bancs/solutions/core_banking/Pages/default.aspx Wikipedia LLC. (n.d.). Service-Oriented Architecture. Retrieved from Wikipedia: http://en.wikipedia.org/wiki/Service-oriented_architecture Wikipedia LLC. (n.d.). State Bank of India. Retrieved from Wikipedia: http://en.wikipedia.org/wiki/State_Bank_of_India Page 16

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