Executive Support Systems

Information is a valuable element in the business world. The information helps to know the situation of the company and to analyze the strategies that are put in march for its correct operation.

Companies need to be updated and released data related to the operation and performance of the business, such as inventory, sales or accounting organization. However, they also need to obtain other data related to consumers, such as their consumption habits, the needs and tastes of their target market or what types of strategies are the most accepted by this group.

For this type of information, companies benefit from business information systems l. Thanks to these software resources companies receive, in an automated way, relevant information that helps them to make decisions, while improving the competitive advantage of the organization.

This technological tool is responsible for capturing data, processing it and transmitting this information to the members of the company. However, for the information system to be effective, you must provide information relevant to the company, in addition to adapt to the specific characteristics and needs of the organization.

Download the guide for free

Types of Information Systems

Today, a great variety of systems exist, each of them designed with a specific purpose. Some of the most outstanding are:

Transaction Processing Systems (TPS). Popularly known by its acronym, the Transaction Processing System (TPS), records and processes all information related to commercial transactions and business operations. This information is subsequently used by decision support systems.

Administrative information systems (MIS). The Management Information System (MIS) is responsible for providing relevant to the management of the company, on the general situation of the organization information.

Executive Support Systems (EIS). This tool is designed to extract key information to achieve the strategic objectives of the company.

Systems to support decision making (DSS). The Decision Support Systems (DSS) is a tool to aid decision making. It is based on the combination and analysis of data that provide relevant information to help solve specific problems.

Systems for group decision making (GDSS). Unlike the DSS, the Group Decision Support Systems allow information sharing among team members so they can work together and make joint decisions.

Expert decision support systems (EDSS). These systems are based on knowledge of specific areas and act as expert consultants.

In addition to these resources, you can also find others who gather information to improve corporate strategies, manage and learn business accounting and finance, improve staff management or improve customer relationships.

It is increasingly common creating integrated systems, information known as ERP (Enterprise Resource Planning), which collect, analyze and transmit information relating to different fields. This software integrates production processes, sales, logistics, project management or company accounting, in order to improve business management, reduce time and costs and enhance the competitiveness of the organization.