Enterprise Systems Essay Example | Topics and Well Written Essays - 1000 words

Enterprise Systems - Essay Example Examples of enterprise systems are email systems, project management systems and other productivity monitoring tools that would include workflow systems and accounting systems. Enterprise Systems in general are implemented to save on cost of implementation and maintenance. It is also adopted to ensure that independent island systems are prevented from proliferating in a large corporation intending to have a homogenous system that would cater to the needs of every employee of the company. Enterprise systems can also have modules that are exclusively used by certain departments or sections if not divisions within a company. Enterprise Systems Enterprise Systems are software specifically designed to address if not provide enterprise or corporate solutions to business challenges that would include productivity, timely reporting, and accurate reporting (Giachetti, 2010). Software applications are essential business tools that enable companies to gather data at the front end for processing or posting and converted into reports as part of the decision support systems. However, there are instances that needs for output and productivity are overtaken by exigency at the expense of accuracy. Such instances breed island systems that are difficult to dismantle and most of the time has incompatible output format to other systems. To illustrate: an accounting systems that only display its output on the screen and not dump into a file is considered an island system that has an incompatible output with other reporting system. Making use of the output of an island system in order for it to be usable by other systems could require additional steps that could make the whole process cumbersome and may result to lost time if not inaccurate data. Enterprise Systems normally have a common repository of data that can be the primary source of reports and inputs to other systems. An example of these types of system is the Enterprise Resource Planning software that would include accountin g modules, productivity monitoring modules and reporting packages. The reporting package for its part makes use of the common data created and updated by front end modules to create reports that would assist decision makers in making business decisions. Aside from the benefits described above another value that can be considered essential for large organization is the reduced cost of implementation and maintenance of an enterprise system since it is more cost effective. It should be noted that each island systems require several experts or skill set that would include operating system and systems administration expertise from where the island system is installed at or in, whereas an enterprise system would only require a single set of skills systems group (Maier, Hadrich, & Peinl, 2005). Considering that each island systems normally needs its own set of servers, whereas an enterprise solution will only require a single platform the cost of ownership is reduced drastically. The same is true if the infrastructure requirement of the island system includes its own user terminal which will result for each employee having several terminals on his or her desk or one terminal for every island systems. The cost of licensing island system is normally more expensive since the technology used is either proprietary or can only be used by software developed by the company that owns the licensing rights of the island system. Another value for the organization is the elimination of conversion or data scrubbing that will increase productivity for employees creating the reports. Since there will be little to no human intervention in the generation of reports including

Microfinance Essay Example | Topics and Well Written Essays - 1000 words

Microfinance - Essay Example Thus, it is essential to consider every region separately in order to come to the right conclusion. In the given paper we will analyze the effect of microfinance in India, Hyderabad. Microfinance is widely used in India and even had some positive results at the very beginning: â€Å"India’s microfinance sector was once touted as a saviour of the poor and a good bet for investors. The high point for the industry came when SKS—then India’s biggest microfinance company with a $1.2 billion loan book, a third of it in the southern state of Andhra Pradesh—went public in July 2010. The $350m offering was more than 13 times oversubscribed.† (â€Å"Road to redemption†) However, according to the same source, the situation started worsening at once. It is essential to analyze the reasons of worsening and make recommendations. According to the available statistics, the credit offered by Spandana and other Microfinance institutions working in the region of Hyderabad, was used by 37% of households. The percent is not very high if to take into account the purposes of taking loan (Chowdhury, 2007). Institutions do not state that credits were taken for business starting purposes. However, 30% of people who took loans said that they used this money mainly for this purpose, while 22% used these funds to buy facilities for the business they already have; 30% of borrowers spent loan to buy new facilities for their households (Greater Hyderabad Municipal Corporation). Here we can see some positive dynamics. The availability of Microfinance institutions loans changed annual percent of newly created businesses from 5.3 to 7. Competition did not bring any difficulties to the existing businesses (Greater Hyderabad Municipal Corporation) The expenses are different and depend on the purpose of credit. Data shows that those who took a credit