Information Aspects of Management Systems in a Business Practice

Abstract

Rapid development and ongoing market globalization in Slovakia drive the companies to constantly improve their management systems and to use the most current information technologies. Management systems have increasing impact on companies’ actions and their decision-making processes. Flexibility in decision process is conditioned by flexible information system which is based on the outlining of Company Processes Needs Management Systems. Company processes as a basis for company information systems have impact on their proper setting of software support, performance and company’s functioning itself. Enterprise Application Integration (EAI) is one of the problematic areas in the implementation of Information Technologies (IT) projects in Slovak enterprises. Disintegrated architecture contains many duplications and inconsistencies in companies’ data. A fragmented infrastructure significantly burdens IT budget, and has impact on overall efficiency of company information administration. This article focuses on the meaning of ERP systems and its specific module – Management Information System (MIS) which supports company complex performance management. Besides being information resource, its function is to ensure the cooperation of software applications supporting teamwork, work with unstructured information as well as creating relations to the specific functionality supporting strategic management Balanced Scorecard in the company. The meaning of the Balanced Scorecard system application is, beside standard financial valuations, in valuations of immaterial assets and overall company’s competitiveness growth which has not yet been achievable by any other methodology in such integrated and structured form.