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Financial information

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How might financial information change the way you run your business?
This is a very creative requirement.
Consider how an IS might change, for example, the way you:

o Make sales
o Manage inventories
o Maintain business records
o Contact potential and past customers.

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Solution Summary

The solution discusses how financial information changes the way you run your business.

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An information system will help you to run your business in a more efficient manner. For example, if you run an auto parts inventory business, having an information system that allowed you to track your inventory would be highly beneficial. Rather than just writing each sale or purchase down into a general ledger, by having all of your data ...

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