Information Systems and Software Applications Assignment

Information Systems and Software Applications - Assignment Example There are different software applications and systems for different departments in an organization to cater to their unique needs. Many vendors are available in the market to offer their own creations therefore it is a difficult task to choose the most appropriate required software. Some of the most known vendors in the market that provide such systems and applications are: Oracle provides an efficient financial management solution among its wide range of products with the name of Oracle E-business Suite Financials. It automates the financial structure of the organization and provides a standard global platform for accounting and finance activities. Oracle (2010a) explains that it offers many functions and features, namely; asset lifecycle management, lease and finance management, financial analysis, travel and expense management etc. It allows the organization to meet the global financial reporting standards which is coupled with banking and payments model. Human resource department is also a very important department in an organization that overlooks many operations and processes. SAP Human Resource Management System is one of the best HR systems in the market. It offers many functions to its users and automates many processes that are related to this department. According to Independent SAP Information (2010), some of the main modules of this system are as follows: These modules are further divided into smaller modules that take care of different functions in the organization for example Time management further includes shift planning, time sheet, time administration. Payroll module involves all the activities related to the salaries of the employees, leave management, bonuses, increments etc. An efficient system for the marketing department is Oracle Marketing Analytics; it enables the organization and thus the department to get maximum results from their