Create a financial information system on pricing costing funding which Essay

Create a financial training frame on pricing costing funding which is being implemented into the railway tickets and makes the prices dynamic - Essay role modelwas a technical support element to accomplish desktop data entry in the new-fashioned 1990s has evolved into a strategic element for increasing the revenue through identifying new argumentation schooling opportunities as well as providing efficient quality of service to the customers a company is serving.Public conveying in the UK serves more than 75% of the total commuters conveyanceation in the UK as argued by Simon Taylor (2003)iii. Railways in the open airation especially accounts for over 50% of the total market share in the public embark as identified by Simon Taylor (2003). This makes it clear that the rail transport market in the UK public transport industry not only forms an integral part of the public transportation but also contributes to the consummate(a) Domestic Product. Alongside, the railway indust ry is also facing stiff arguing from other forms of public transport like the road and air transport that is increasingly cost effective in the UK as argued by Simon Taylor (2003).From the aforementioned it is clear that the railway industry in the UK not only needs to address the competition through the effective use of information technology and managing the information for strategic advantage but also accomplish financial operational excellence ass argued by Helen Knight (2005)iv. The fact that the finance especially the billing and ticketing section of the railway industry is the gateway of income to the industrys overall operations as argued by Helen Knight (2005) makes it clear that the efficient information management in the form of financial information management system is essential. In this report a critical analysis on the implementation of a Financial Information System in the Railway ticketing system from an information strategy perspective is presented to the reader.T he experiment presents a critical analysis on the macro and micro business environment for the railway business in the UK through PEST and SWOT Analyses respectively. This