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Globally, companies are using the World Wide Web and their and extranets as a technology platform for their cross-functional and inter-enterprise information systems. |
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resource planning applications focus on the efficiency of a firm's internal production, distribution, and financial processes. |
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Transactions are business that occur as part of doing business such as sales, purchases, deposits, withdrawals, refunds, and payments. |
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Transaction processing systems process data in two basic ways. One way is real-time processing, where transaction data are processed after a transaction occurs. |
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Enterprise collaboration systems enhance communication, coordination, and collaboration among the members of business teams and workgroups. The goal of such systems is to enable groups members to work together more easily and effectively by helping them share with each other. |
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information systems support the production/operations function that includes all activities concerned with the planning and control of the processes producing goods and services. |
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According to your text, there are six essential business systems. One of those elements is the general ledger which consolidates data from other accounting systems and produces the periodic financial statements and reports of the business. |
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