Page 49 - Auditinf Electronic System

5. Enables more opportunities but is not free from risk

second: What are the Opportunities enabled by IT:

There are Several opportunities enabled by IT

First Opportunities Enabled by IT

1. Selling goods online is an opportunity enabled by e-commerce technology that
many organizations have exploited. So, it expanded the market segments for
organizations.

2. IT advances have enabled organizations to use electronic software in conducting
it`s business as:

a-Enterprise Resource Planning ERP systems:
An ERP system is a modular software system that enables organizations to

integrate their business processes using a single operating database.
➢ Benefits for organizations implementing ERP systems include:

▪ online real-time processing of transactions
▪ seamless interaction and sharing of information among functional areas
▪ improved process performance
▪ elimination or reduction of data redundancies and errors
▪ timely decision making.
➢ Cons for organizations for implementing ERP systems include:
▪ Time consuming
▪ Huge Costs
▪ Higher fraud risk

b-Electronic Data Interchange (EDI):
EDI involves the computer-to-computer exchange of business documents in
electronic form between an organization and its trading partners.

➢ Benefits organizations expect to gain from implementing EDI:
▪ include transaction processing efficiencies
▪ fewer data processing errors.

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‫جميع الحقوق محفوظة ـ الإعتداء على حق المؤلف بالنسخ أو الطباعة يعرض فاعله للمسائلة القانونية‬