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Enterprise Information Systems - Assignment Example

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This essay “Enterprise Information Systems” is a critical evaluation of the impact of Enterprise systems on the future of SMEs. Small and medium enterprises constitute about 95% of the businesses in the world. Major economies are driven by these businesses which contribute approximately 45 % of GDP…
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Enterprise Information Systems
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Download file to see previous pages Based on these findings, it is evident that this sector holds a bigger share of the world’s major economies and if substantial efforts are put in place, the sector can grow bigger providing more benefits to the economy. This essay is a critical evaluation of the impact of Enterprise systems on the future of SMEs.
Enterprise systems are the future of SMEs. These are information systems dedicated to business, with high capabilities to manage and store voluminous data in systematic and high-quality standards (Paul 2003 p 56). The systems are developed to steer the process of information processing and transmission between the various levels of management with the capability of networking various enterprises in one digital village for the purpose of creating healthy and productive competition for the market (Wagner 2008 p 36). This in itself is a solution to the problem of having many information systems that result in fragmentation of information as it flows through the various levels of management. With an Enterprise Information System, the transmission of information is standardized and the possibility of data redundancy and errors occurring can be minimized.
The information systems ensure that there is a consistency of data within the business as opposed to the manual systems that most of the enterprises use which make the process of retrieving and editing records tedious and time-consuming (Hoffer 2008 p 32). Financial records are important to the business and therefore it would be necessary to change the mode of storage so that their maintenance and operations especially calculations and transfer of data from one department to the other could be made easier and accurate in order to reflect the actual nature of the expected results (Luvai 2008 p 71). ...Download file to see next pagesRead More
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