Application of it in finance and marketing
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MIS Applications
Many organizations are structured based on functional areas. This is often reflected in an organizational chart. Typically, functional areas include finances, human resources, marketing, etc. Many of these functional areas have their own Management Information System, or MIS.
Financial MIS
A financial MIS provides financial information for managers to make daily decisions on operations within the organization. Most systems provide these functions:
Integrate financial information from multiple sources
Provide easy access to financial information in summarized form
Enable financial analysis using easy-to-use tools
Compare historic and current financial activity
Many organizations are structured based on functional areas. This is often reflected in an organizational chart. Typically, functional areas include finances, human resources, marketing, etc. Many of these functional areas have their own Management Information System, or MIS.
Financial MIS
A financial MIS provides financial information for managers to make daily decisions on operations within the organization. Most systems provide these functions:
Integrate financial information from multiple sources
Provide easy access to financial information in summarized form
Enable financial analysis using easy-to-use tools
Compare historic and current financial activity
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