Describe the processes use in the development of computer-basedsystems/ERP and the ways in which processes are managed (ULO 7)BackgroundEureka Limited is a family owned company with around 73 employees and sales revenue increasedto more than $ 18.5 million during the past year.

Students are required to:? Appreciate the purpose of computer controls and auditing in digital economy(ULO 6)? Describe the processes use in the development of computer-basedsystems/ERP and the ways in which processes are managed (ULO 7)BackgroundEureka Limited is a family owned company with around 73 employees and sales revenue increasedto more than $ 18.5 million during the past year. It has been in business for over 55 years and suppliesbeverages to a number of different businesses, including supermarkets and pub-chains. The companyhas experienced mixed fortunes over the years in terms of business performance, but in the last fewyears has experienced a growth in orders for some of its new healthy product ranges. However,Eureka has recently lost some key accounts because of being unable to produce some of its productsat a competitive price.Although the company hired an accountant who was keeping their books for them and producing thefinancial statements each year, the company thought they needed much more information to runtheir business efficiently. They felt that they needed to make an investment in an accountingsoftware to take their business to the next level.RequiredYou are required to prepare a report to evaluate and recommend an accounting software for EurekaLimited. The report should include the following components:? Business requirementso What are the key business processes for Eureka Limited?o What are the major control risks for the business processes of the company?? Systems requirementso What are some of the possible accounting software features and functionalities thatthe company should consider to achieve their business objectives and minimise thecontrol risks?? Software selectiono Visit the websites of at least three (3) accounting software package vendors (e.g. SAP,MYOB, Xero etc.) and provide a brief description of each vendor and its products.o Which category of accounting software (low, medium or high-end) suitable for thecompany? Give your justifications in detail.? Vendor selectiono Compare and contrast the features and functionalities of two accounting softwarepackages offered by accounting software package vendors within your selectedcategory.o Which one would be the most suitable vendor and accounting software package forthe company and why?Assignment StructureThe report should include the following components:? Assignment cover page clearly stating your name and student number? A table of contents, executive summary? A brief introduction or overview of what the report is about.? Body of the report with sections to answer the above issues and with appropriate sectionheadings? Conclusion? List of referencesPage 3 of 5HI5019 Strategic Information Systems for Business and Enterprise Group AssignmentThe report should be grounded on relevant literature and all references must be properly cited and includedin the reference list