Examine the strategic value of information systems in a Collection organisation.

Collections unit of measurement collects all the defaulted loans. The business objective apparently involves CRM systems to correct services to collect, negotiate and create the circumstances at heart which task debt solutions can be success adepty resolved with the puzzle of: - group meeting budget goal - Maximizing manpower - Service improvement - More effective management stock Structure The Collections Unit comprises of: 1. A team of about 80 Collection Officers - they atomic number 18 frontline people to clear up and locate debtors who are owing to our clients. 2. fivesome Collection Supervisors who even out the work including officer lists and maintenance, account distribution and summary of payments by account. 3. Three Accounting Officers who deals with accounts establishment, jellments, payments and reversals. 4. One eulogy Manager who plays the usage of approval of financial transactions, judgments, revisions, remissions and write-offs. 5. A puddl e of supporting staff to deal with daily administrative services. Structural conglutination among Information Systems and the Collection Unit An online accounts receivable system called ARS (Accounts repayable System) is modified. The ARS system improves units ability to manage and recover its receivables by providing a consolidated tool that will serve the needs of its clients. ARS is housed in the Ontario Information Technology Centre and provides online and update capabilities from anywhere in the country.

The system is an online accounting and recovery unit, featuring: - The ability to establish and discipline accounts onlin e. - The ability to create client accounts a! nd record notes online. - Functionality for the calculation of interest. - A monthly statement of account and automated letter production. - nationally status judgment. - On-line statistics Problems of Current Information System ARS is an try employment System (ERP)dealing with accounts receivable financial function. Due to the complexity of severally departments and privacy of taxpayers information, ARS is one of the... If you want to get a full essay, order it on our website: BestEssayCheap.com

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