Mis-535 Course Project Essay

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| Citigroup use of a single reconciliation system | Managerial Application of Information Technology – MIS535 Devry University, Keller Graduate School of Management Table of Contents Abstract 3 Brief company background 4 Discussion of business Problem 5 Approach 5 High level approach 6 Benefits of solving the problem 6 Accounting systems 7 Reconciliation systems 8 Business and technical approach 9 Technology or business practices used to augment the solution 10 Overall recommendation 11 High level implementation plan 12 Summary of project 13 Reference 14 Abstract This paper will cover the benefits that Citigroup will encounter by updating some of their systems and procedures and using united platform to reconcile cash positions in for hedge funds and mutual funds. We are going to look at the problems that the company faces along with the systems that they currently use. Lastly we are going to recommend a solution to this problem and how the company can fix it. Brief company background The company that my final project will be on is Citigroup. Citigroup was ranked 20th by Fortune 500 ranking of America largest corporations. In 2012 the company has profits of over $11 billion, which was up from $10.6 billion in 2010 (Citigroup, n.d.). The company is traded on the NYSE (New York Stock Exchange) under the symbol C and in 2012 celebrated its 200th anniversary (Citigroup, n.d.). Citigroup is a the world leader when it comes to financial services and has over 260,000 employees, 16,000 offices worldwide and does business in over 140 countries (Citigroup, n.d.). The company is still recovering from the hit it took during the financial
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