Technological Advances and Information Systems: Citigroup's CEEMEA Sales and Trading Unit

In the world of business, information technology strategy has been overlooked by owners for they are so focused on marketing strategies. Keeping up with the use of information technology is in just about all types of industrial process and just as important. It has been a proven fact that it contributes to the development of strategies and tactics when developing a product or service. During the twentieth century the accelerated progress in information technology has developed a large variety of technologies for the collecting and storage of information such as the Internet, software companies, and personal computers.

This memo will discuss ways that technology can be used to improve this organization’s performance. Additionally, it will consider the optimal methods for expanding the business’s online presence to include online sales. This will include information on how to incorporate intelligent systems and security features to guarantee that customers’ interaction with the new system will be positive. This memo will also analyze this business’s current and anticipated technology and information systems and provide option for other technologies or information systems that will be beneficial for the company. In discussing these options, information will be included to show how the options will advance or improve the business and enhance our customers’ experience.

The increased number of IT investment is applied in organization. It is clear that information technology has become the competitive fact in world business. Collaboration is the new trend in business world. No one can deny the importance of information technology application. Besides the profits outcome, the impacts of information technology deployment also create commitment, trust and value. Advanced information system can improve each steps of business process. It enables people to share information, performance task simultaneously and making decision efficiently. IT companies designed different products to satisfy each step of business operation in terms of manufacturing and human resources. Seminole should apply this new IT infrastructure to business operation. Firstly, company can use the transaction processing systems (IPS) to keep track of all business activities and transaction of the organization such as payroll and employee record keeping. IPS also shows all information from internal and external operation. Secondly, Business intelligence systems are designed for decision-making support. Management information system (MIS) is a system that helps managers to keep track of company performance status, which purposed for decision-making and evaluation. Decision-support system (DSS) is purposed for future business decision-making. Thirdly, Enterprise application systems are designed for integrating business process from different functions, such as supply chain

The main stakeholders involved with this project will include the following departments and personnel. The Finance and Accounting division will participate in the organizing the General Ledgers and monthly income statements. The Sales, Marketing and Inventory divisions will participate in communicating the needs and processes of ordering, material supply, and product delivery. The IT department will make recommendations based on department needs and corporate demands to improve eficientcy and advance the current computing

How information technology can be effectively integrated with company’s "production, marketing, human resource, research design and finance" to take the advantage of core competence, as well as leveraging the quality and speed to help company business continuity.

Although technology is slowloy being introduced by using it for marketing and advertising, there is a lack of technological systems used within the business itself to make productivity more efficient. Some aspects of the business operations such as customer bookings should be completed using technology, as it not only makes it more efficient for the organisation but also for the customer. By having a good technological system in place, it will lead to faster and more effective processing of bookings and increase production, which will result in reduced wastage and

This paper will discuss various aspects of new direct sales and accounting system for Especially for You Jewelers (EFYJ). First, it will suggest at least five expected business benefits that the EFYJ Company might derive from a new system, and provide a rationale for these suggestions. Next, this paper will propose at least five system capabilities for the company, and provide a rationale for these proposals. Further, it will ascertain three possible scenarios in this new direct sales and accounting system. Subsequently, this paper will use Microsoft Visio to develop an activity diagram for each scenario that the author has identified. Also, it will use Microsoft Visio to complete a fully-developed use case

Citibank has managed to develop different e-business products for diverse industries by utilizing the growing technology market and providing the convenience for their customers. The many products and services offered has been a success for each market segment because it meets the needs of each groups. Also the customer’s service lines, relationship managers and products specialists for the varied clients are required to identify the market needs and develop the new services according to the different industry segments.

By concentrating on its strengths, its fundamental clienteles, and the important standards they require, Information Management Chicago, Inc. (IMC) will upsurge sales progressively in its first three years, while also preserving the gross margin on sales, with an emphasis on cash administration and working capital. This business plan pilots the way. It refurbishes our vision and strategic emphasis: adding significance to our target market sections, and strengthening our ties with companies in our indigenous markets. It also offers the step-by-step plan for cultivating our sales, gross margin, and productivity.

In every company, it is better to have good IT team to deal with the technology issues and make the best use of latest technologies. Information plays a very important role in today’s business. It also helps in the enterprise success and help in boosting the business. But in General Motors, the customer information from different divisions did not integrate data flow across the enterprise. As Szygenda pointed out, use of legacy systems and old infrastructure to design and develop the products caused delays in production and delivery of items to customers.

Jay Dvivedi looked once more at the proposal in his email inbox, sighed and closed his laptop for the night. He owed his boss, Shinsei CEO Thierry Porte, a response and he knew that he would need to send it in morning. One of the heads of Shinsei’s business units had approached Porte directly with a proposal for a new, off-the-shelf customer relationship management (CRM) system for his business. He wanted to fund it and implement with his own personnel, but he needed approval from Porte. Before Porte responded he had requested input from Dvivedi. When Dvivedi discussed the idea with his team the opinion was divided. The

Advancements in technology and the exponential rate at which it is evolving has revolutionized the way the financial system is able to conduct its activities and connect to the public all around the world. The evolution of technology has greatly contributed to economic developments worldwide, however, coupled with the increased dependence on technology is the complexity and sophistication of cyber security threats that has resulted in the rise in cybercrime not just in a technologically driven country like Australia but worldwide.

Whether there is a need for banking, credit cards, lending or investing, the company’s main focus is offering great customer service that leads to higher profits. Citibank has positioned itself as the first national bank in the United States with more than 1,000 branches in the U.S. and about 300 internationally (Citibank, 2014). With all that the company has to offer, there will be a future need for advancement in technology that will eventually change loans and package their products. The end result, will improve customer experience while enhancing a loyalty from its customer.

Information technology always is the main driver which push the corporate change and improve efficiency. In my opinion, to improve efficiency that is the most important influence of information technology on business. As we all know that, many management systems are designed to improve the efficiency, such as Customer Relations Management System (CRMS), Human Resource Management System (HRMS), Supply Chain Management System (SCMS), etc.

The positive impacts of the evolution of IT on the management of international finance include greater efficiency, increased transaction volume and improved customer convenience. The internet is an example of technology that has brought about increased transaction volume. According to the research that was conducted, 42 percent of the organisations that participated strongly agree, while 18 percent agree and 40 percent are indifferent that increased transaction volume was a result of the internet. Greater