Question No 1: Different information systems used for banking are as follows: (i)Executive information systems (EIS ).

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Question:

Question No 1:

Different information systems used for banking are as follows:

(i)Executive information systems (EIS). It is a computer-based information system that is specifically intended to meet the unique information demands of senior executives. Management may use an EIS to track the organization's performance, pinpoint possible problem areas, and take action to solve particular concerns.

Many different sorts of businesses can utilize executive information systems to track business performance and discover possibilities and concerns.

(ii)Electronic Data Interchange (EDI)

Businesses require the electronic transmission of information in order to perform their financial operations. By transitioning from paper to electronic operations, EDI was established to help businesses communicate more efficiently and enhance the supply chain.

(iii)Geographic Information System(GIS)

The banking sector can now see where its clients are, what they're buying, how much they're spending, and their demographic data thanks to GIS. Banks and financial institutions can use this information to determine which financial goods and services will best meet the demands of their customers.

(iv)Decision Support Systems (DSS)

Within retail banking, the DM and DSS systems provide direct data transmission from one department to another for account analysis and decisions, as well as marketing knowledge about the consumer. It also has a computerized business information system that is simple, quick, and accurate.

(v)Transaction Processing System (TP)

In the banking industry, the Transaction Processing System (TPS) is critical to financial transactions. It is a more anticipatory and effective approach of examining prospective dangers while evaluating and managing risks. It aids in the management of risks, the enhancement of value, and the improvement of corporate performance. On the other hand, in order to cope with threats, information system security is always a must. Quantitative and qualitative risk assessment in TPS can uncover the true roadblocks that exist in the banking sector's bottom line financial operations.

(vi)management information system (mis)

The MIS should focus on gathering data from a variety of sources in order to assess and determine the future company strategy. Such information will enable the banker to go out and speak with customers in order to generate business for the bank. Such assistance will also lower the chances of the account slipping into the negative and accumulating bad debt.

Question no 2: Functional aspects (business processes) used in Green Valley Hypermarket, a major super store chain of Pakistan

Marketing
Accounting
Finance
Explanation:

Functional aspects (business processes) used in Green Valley Hypermarket, a major super store chain of Pakistan

Marketing

Marketing consists of everything Green Valley Hypermarket does to identify customers' needs and design products to meet those needs. Green Valley Hypermarket develops the benefits and features of products, including price and quality. They also decide on the best method of delivering products and the best means of promoting them to attract and keep customers. They manage relationships with customers and make them aware of the organization's desire and ability to satisfy their needs.

Accounting

Green Valley Hypermarket needs accurate, relevant, timely financial information, and accountants provide it.Accountant's measure, summarize, and communicate financial and managerial information and advice other managers on financial matters. There are two fields of accounting. Financial accountantsprepare financial statements to help users, both inside and outside the organization, assess the financial strength of the company. Managerial accountants prepare information, such as reports on the cost of materials used in the production process, for internal use only.

Finance

Green Valley Hypermarket involves planning for, obtaining, and managing a company's funds. Finance managers address such questions as the following: How much money does the company need? How and where will it get the necessary money? How and when will it pay the money back? What should it do with its funds? What investments should be made in plant and equipment? How much should be spent on research and development? How should excess funds be invested? Good financial management is particularly important when a company is first formed, because new business owners usually need to borrow money to get started.

Types of information systems that Green Valley Hypermarket they are using and use of information systems is providing them any competitive advantage

A marketing information system

A marketing information system, is a system for gathering, storing, analyzing and distributing valuable marketing data to help marketers make better decisions. Green Valley Hypermarket uses the input of a marketing information system and focuses on collecting relevant internal and external data to analyze and interpret.

Online analytical processing

Online analytical processing (OLAP) is a technology that organizes large business databases and supports complex analysis. Green Valley Hypermarket uses OLAP to perform complex analytical queries without negatively affecting transactional systems. OLAP is part of the broader category of business intelligence, which also encompasses relational databases, report writing and data mining.

Decision support system

A decision support system is an information system that supports business or organizational decision-making activities. Green Valley Hypermarket uses DSS which is a computerized program to support determinations, judgments, and courses of action in their business.