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MIS provides several benefits to the businessorganization: the means of effective and
efficientcoordination between Departments; quick andreliable referencing; access to
relevant data anddocuments; use of less labor; improvement inorganizational and
departmental techniques;management of day-to-day activities (asaccounts, stock
control, payroll, etc.); day-to-dayassistance in a Department and closer contactwith
the rest of the world.
MIS provides a valuable time-saving benefit tothe workforce. Employees do not have
to collectdata manually for filing and analysis. Instead,that information can be entered
quickly andeasily into a computer program. As the amountof raw data grows too large
for employees toanalyze, business analysts can build programs toaccess the data and
information in response toqueries by management. With faster access toneeded
information, managers can make betterdecisions about procedures, future
directions,and developments by competitors, and makethem more quickly.
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The senior /top management needs to know happenings in the company. However
they should not be overburdened with too much operational and transactional .
The data should be processed into i.e. analysis, summary, and exception
reporting. The bottom line is that the information systems should enable them to
implement, control, and monitor plans, strategies, tactics, new products, new business
models or new business ventures. The reporting should be made periodically. They,
should however be alerted immediately when significant events occur.
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iÊ Activity forecasting
iÊ Monitoring Performance
iÊ Äustomer satisfaction
iÊ Market penetration
iÊ Äost
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@ Ê Äompensation plans
@ Ê Performance measures
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@ Ê egulatory requirements
@ Ê Äompetitive trends
@ Ê Financing/liquidity needs
@ Ê Financial exposures
@ Ê Industry trends
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iÊ Äustomer profiles
iÊ Advertising data
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iÊ Äurrent asset-impairment analyses for major assets and changes from prior
periods
iÊ Details of basis for the amount of reserve and explanation of changes from
formula or rationale in prior periods
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iÊ Äoncentration of customers
iÊ Äoncentration of suppliers
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eports derived from financial system can be obtained using computer based
reporting systems generically called Executive Information System (EIS). An EIS
provides graphical displays and has drill down capabilities, which help top-level
executives analyze, compare, and highlight trends in important variables so that they
can monitor performance and identify opportunities and problems.
Provided below are the features of the two widely used software:
iÊ Hyperion
iÊ Äognos
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iÊ Interactive eporting
iÊ Äompliance Dashboard
iÊ Analysis
iÊ Access a wide variety of business data sources. Data can be accessed and
analysed from transactional systems, data warehouses, and data marts.
Managers and analysts can access both data and metadata from multiple
sources on one report, gaining side-by-side analysis.
iÊ hsers can provide drill paths into additional reports and other dashboards for
deeper analysis.
iÊ Provides multiple levels of viewing and analysis in a single report. ather than
being forced to design multiple reports for people with different access
privileges, Interactive eporting lets you deliver a single report that different
users can interact with based on their varying privileges.
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iÊ rusiness users can create a dashboard with easy, wizard based dashboard
development
iÊ equires minimal training and support and encourages rapid user adoption.
iÊ Managers who best understand their business needs can work with
business analysts to quickly create dashboards without relying on IT.
iÊ If potential risk exposures are identified, one can drill into time periods,
sub-accounts, and different entities in the organizational hierarchy to
quickly discover the potential source of the risks.
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includes features such as
clustering, attributes, and set analysis to make it easy to create value segments;
apidly discover trends and highlights in large datasets with an innovative visual
interface.
and
are easy to use and allow even
novice database users to rapidly discover trends and highlights in large datasets.
main deep analytic power and responsiveness for thousands of simultaneous users.
and
deliver sub-second response times for
sophisticated analysis of terabytes of data for thousands of simultaneous users, and
giving business users speed-of-thought responsiveness to manage performance in real
time.
the administrative and maintenance costs of users integrating with VDAP, MSAD,
and NTVM authentication systems.
iÊ Ä
ser access can be controlled down to the
individual cell level through
functionality,which
safeguards sensitive information.
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in time series analysis lets users quickly and easily performance from
iÊ ruilt
one period to the next using automatic calculations for absolute and
percentage
iÊ Support for large data volumes lets users explore large flat business
dimensions such as products users can control the data they view, search for
values with a simple right mouse click
iÊ Details
& attributes: Provides users with related information about the data
they want to analyze, including attributes defined in the OVAP data source.
iÊ Top/rottom ³N´ analyses: Helps users isolate best and worst performers in
any dimension , based on any measure
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iÊ Interactive maps provide high level information and let users drill
through to more detail=Ê
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NEED OF THE MANAmEMENT INFOMATION SYSTEM ............................. 1
INTODhÄTION................................ ................................ ................................ .. 1
OVE OF ADMINISTATION ................................ ................................ ............ 1
MANAmEMENT ................................ ................................ ................................ ... 2
AÄÄOhNTINm & FINANÄIAV STATEMENTS INFOMATION ...................... 3
hSINm EXEÄhTIVE INFOMATION SYSTEM ................................ ................ 4
HYPEION SYSTEM 9 rI+ ................................ ................................ ................. 5
ÄOmNOS 8 rhSINESS INTEVVImENÄE ................................ .......................... 10