EBK MANAGEMENT INFORMATION SYSTEMS
EBK MANAGEMENT INFORMATION SYSTEMS
16th Edition
ISBN: 9780135192047
Author: LAUDON
Publisher: VST
Expert Solution & Answer
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Chapter 13.1, Problem 1.2CQ

Explanation of Solution

Management factors

  • The main management factor is that Carter’s management wanted to transform the role of the finance function.
  • It is transformed from preoccupation with transaction processing to focusing more on analyzing financial data and guiding decision making.
  • The company needed process improvements in both the business’s management processes and technology.

Organization factors

  • It includes streamlining and simplifying financial processes so the finance department had more time for analysis and reporting work.
  • Carter’s launched a “Vision to Value” initiative to achieve this goal...

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