Functions of audit productivity software include electronic working papers, electronic sharing of schedules, calendars, and files, time and billing, reference libraries, and document management. Using electronic working papers is one way for an auditor to increase productivity as they can automate the planning stage of an audit. The auditor can minimize the time and effort creating manual audit papers and questionnaires and increase his or her efficiency. With the use of electronic working papers, the auditor can import the data of a client and electronically input audit adjustments. He or she is then able to produce spontaneously GAAP-based financial statements.
Basic Business Objectives • Profitability - Making a profit is the main objective for most businesses • Customer base – A business aims to increase the amount of customers it has in order to increase profit. • Public profile – Businesses need to have a high public profile to get new customers. • Sustainability – Economic survival is very important to businesses and they must plan ahead to ensure this. • Staff training – Businesses must keep all their staff adequately trained for the job they are doing. • Customer Service – Businesses should aim to have good customer services because it is important to keep customers happy.
According to the U.S. Department of Labor, an employer can use any timekeeping system it wishes--be it a timesheet, computer time tracking system or something else. Write down how employees submit the time worked for the payroll period and how often payroll checks are cut. For example, if hard copy timesheets are submitted to the human resources manager, then list this in the procedure so the person
For security reasons Managers can control who has access to the system and each user is assigned a unique security profile that determines exactly what features and functions can be accessed. Specialized Features/Services There are several reasons for the implementation of the new system. The new system will help with controlling inventory, increase sales, and keeping track of the customer buying habits. The Loyalty program offers an excellent marketing tool for targeting customers with product specific to their buying habits. The system also provides great inventory tool to track product movement in each warehouse.
Article Analysis Tiffany Opper ECO/365 University of Phoenix March 25, 2014 Lowes Companies Inc. is a consumer durable industry that aims to help customers improve and maintain their biggest asset which is their home. They provide many accommodations to customers as they consistently change to the needs of consumers and provide inspiration along with support whenever and wherever the customer may need. Lowes is one of the home improvements top contenders because it aims to succeed far above customer expectation. Lowes implements the accessibility to customers to be able to shop in store, online, by phone, or even on the worksite where a Lowes representative will personally meet them there. Lowes is a Home Improvement Store and
By installing an wireless local area networks (WLAN’s) in each of the stores this will improve the daily operations by being more efficient and using a less crowded model of I.T. network deployment. Wireless mobility technology will provide remote sales employees with devices such as Personal Digital Assistants, (PDA’s). With this technology ABC expects to improve customer service by enhancing the enterprise communications infrastructure. The integrated mobile phone service will allow these employees to communicate quickly with their customers and managers, thus improving response time, productivity, and revenue.
The High Performance Work System (HPWS) that was put into place included valuable training opportunities, structured performance management and appraisals, compensation or benefits and career development. Gratterpalm also communicated it business goals to its staff annually, and worked to better align its culture and employees with overarching business goals. The HR initiatives implemented helped improve the internal line of communication for both employees and their managers, and allowed them the opportunity to better manage their career growth through structured training and development, career mapping, and appraisals. According to Gallup Consulting, “An effective communications plan requires cultural alignment between the employees and the company, paired with a strategic alignment between activities and company goals”.2 Through the new HR initiatives, issues that were highlighted in data from initial and subsequent surveys given were addressed. Therefore, allowing Gratterpalm the opportunity to maximize on its human capital by optimizing its talent, this is greatly valued in the creative industry.
I chose to research a business by the name of Extendicare. This facility is a profitable organization that is ran by many different locations but under the same corporation. As the Extendicare website stated “Success means achieving profitable growth over the long term to create value for our unit holders.” [http://www.extendicare.com/core_values.aspx] Extendicare is a nursing home and a rehabilitations center for both young and old people throughout the United States. Their mission is to keep the resident or client as happy, comfortable, and safe as possible. The corporate company is a team playing company, as far as working together as a team to make the business work.
The Company believes that sales of its innovative and differentiated products are enhanced by knowledgeable salespersons who can convey the value of the hardware and software integration and demonstrate the unique solutions that are available on its products. The Company further believes providing direct contact with its targeted customers is an effective way to demonstrate the advantages of its products over those of its competitors and providing a high-quality sales and after-sales support experience is critical to attracting new and retaining existing customers. To ensure a high-quality buying experience for its products in which service and education are emphasized, the Company continues to build and improve its distribution capabilities by expanding the number of its own retail stores worldwide. The Company’s retail stores are typically located at high-traffic locations in quality shopping malls and urban shopping districts. By operating its own stores and locating them in desirable high-traffic locations the Company is better positioned to ensure a high quality customer buying experience and attract new customers.
Effect of Systems on Business By Phil Newmark CIS/207 Mar 02, 2015 Bob Juszynski Effect of Systems on Business With the growth of the consumer market place and the demand for faster delivery of products and services it is the roll of Information Systems to streamline everyday transactions both for the consumer and for the organizations they do business with. Properly identifying those IS systems and learning how they can be used to improve productivity can be best analyzed by looking at current technology, determining the improvements they have made and looking ahead to what the future holds for companies using these systems. By understanding our past technologies we can improve them to better serve the goals of an organization and the people who interact with it. Office Automation Systems Creating documents, communication and other tasks you would see done in an office environment everyday have been simplified and incorporated into systems we now use every day. Word processing and spreadsheets replace typewriters and accounting ledgers and information storage allows workers and managers instant access to critical information about sales, client or employees.