CIMA E1 – CHAPTER 9
THE FINANCE FUNCTION & IT
1. INTRODUCTION
Information Systems Information Technology
(IS) VS (IT)
The systems that Technology
manage information resources used by a
in a business business
Collect, process,
Hardware, software
store & distribute
& networks -
information -
Laptop, Adobe, Wifi
Netsuite
• Both need maintenance and regular updates which is the responsibility of IT.
Benefits of IT Transforma;on
Competitive Advantage
•IT can be used to identify trends that the business can use to offer tailored
Effective Decision Making
•Uptodate, accurate and realtime info helps managers make decisions quickly and confidently
Improving Productivity of Day to Day Activities
•Tasks can be done quicker and more efficiently
Measuring Performance
•Measuring cost estimates & forecasts against eachother
Communication
•gathering and distribution of information and collaboration is quick and efficient
Adopting New Ways of Working
•Distruptive Technology such as Uber
Flexible Working Practices (Remote Work)
•Employees don't have to be physically in work to access documents & info due to cloud systems
Advantages of Remote Work Disadvantages of Remote Wo
P Less spent on infrastructure O Less commitment
P Reduced absenteeism O Loss of control of staff
P Increased employee mo;va;on O Diluted organisa;onal culture.
& produc;vity O Extra costs for home office set
P ADracts more & beDer staff up.
THE FINANCE FUNCTION & IT
1. INTRODUCTION
Information Systems Information Technology
(IS) VS (IT)
The systems that Technology
manage information resources used by a
in a business business
Collect, process,
Hardware, software
store & distribute
& networks -
information -
Laptop, Adobe, Wifi
Netsuite
• Both need maintenance and regular updates which is the responsibility of IT.
Benefits of IT Transforma;on
Competitive Advantage
•IT can be used to identify trends that the business can use to offer tailored
Effective Decision Making
•Uptodate, accurate and realtime info helps managers make decisions quickly and confidently
Improving Productivity of Day to Day Activities
•Tasks can be done quicker and more efficiently
Measuring Performance
•Measuring cost estimates & forecasts against eachother
Communication
•gathering and distribution of information and collaboration is quick and efficient
Adopting New Ways of Working
•Distruptive Technology such as Uber
Flexible Working Practices (Remote Work)
•Employees don't have to be physically in work to access documents & info due to cloud systems
Advantages of Remote Work Disadvantages of Remote Wo
P Less spent on infrastructure O Less commitment
P Reduced absenteeism O Loss of control of staff
P Increased employee mo;va;on O Diluted organisa;onal culture.
& produc;vity O Extra costs for home office set
P ADracts more & beDer staff up.
