Assignment Specifications (words 2000) Background You are recently employed as a graduate consultant in a management consultancy firm. One of your firm’s clients is currently evaluating its...

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Executive Summary
Below provided study gives an insight about the business and organizational process of the Commonwealth Bank of Australia. Furthermore, the study will provide information about the issues the CBA is currently facing. Besides, the article provides the ERP software needed as the solution. There is a shortlist of software provided and from there a software is chosen to efficiently help the organization.
Description of Business and its processes
The Commonwealth Bank of Australia is an International Bank Australian multinational corporation with businesses in New Zealand, Africa, the U.S. and the UK. It offers a variety of financial services, including retail, corporate and institutional banking, money management, pension and investment services. The Commonwealth Bank is the largest coded company on the Australian Securities exchange since August 2015 with brands such as the Bank West, the Colonial First State Investments, the ASB bank (New Zealand), the Commonwealth Securities Insurance, and the Commonwealth Insurance (Haisken-DeNew et al., 2019). Commonwealth Bank of Australia is also one of Southern Hemisphere's largest bank.
The Commonwealth Bank was founded as one of Australia's 'big four' banks in 1996, with National Australia Bank (NAB), ANZ and Westpac in 1911 and fully privatized in 1996. In 1991, the bank was listed on the Australian Bourse.
In 2012 and (from 1984 to 2012) the Commonwealth TradingBase was revamped for shopping and industrial uses at the intersection of Pitt Street and Martin Place and the Martin Place State Savings fund became the old International Commonwealth Bank Headquarters, both were sold by the Macquarie Group in 2012 (Buell and John, 2018). Set in Darling Harbour, on the West side of Sydney Area, on Sussex Street 1, 201 is situated on a Tower 1 and on the grounds of Sega World Sydney is two different 9-story buildings.
The Commonwealth Bank of Australia was established under the Commonwealth Bank Act in 1911, introduced by Andrew Fisher Labor Government on 22 December 1911, it favored bank nationalization. In an unprecedented move during that time the bank carried out deposits and general banking operations. The bank provided Australia's first central government loan. King O'Malley, the early and strenuous manager of the Company, was the flamboyant American-Australia 's first Premier, Sir Denison Miller.
In an unprecedented move during that time the bank carried out deposits and general banking operations. The bank provided Australia's first central government loan. King O'Malley, the early and strenuous manager of the Company, was the flamboyant American-Australia 's first Premier, Sir Denison Miller.
Business Processes of the Commonwealth Bank
CBA is a multinational Australian bank and Australia's leader in providing comprehensive financial services, protects private, business and investment accounts, asset management, health liabilities, insurance policies, general insurance, brokerage and business practices. Created in 1901 and completely privatized in 1996, the National wealth fund is one of Australia's biggest securities bonds. It includes brands including Bank West, the Commonwealth Securities Insurance (COMSEC) or Colonial First State Investments, the ASB Bank of New Zealand. CBA operations are mainly conducted in Australia, New Zealand and the Asia Pacific region. Such operate often in many nations, including the US, Australia, Japan, Hong Kong, Indonesia, Malaysia, and South Africa. They work in many areas as well. CBA has a mission to safeguard and improve the financial well-being of consumers, creditors, employees and the wider community (Rodrigo, 2016). CBA has four technological, economic, effective and influential strengths and aims to provide its customers with the best goods and services that they can access. Recognizing that business practice is the core element for achieving this aim, CBA attaches tremendous emphasis to a corporate process management Model, which is well represented in this case study, by means of a multi stage, multi-facetted BPM governance strategy. A variety of approaches have been included in this case study, such as document checks, formal interviews, workshops and meetings, in conjunction with researchers and practitioners to collect the most relevant information between March and August 2018. CBA constantly evolves and introduces what happened in August 2018.
Identifying Reasons for considering ERP software
The bank has been experiencing significant problems lately. Stuff like that also acknowledged that 20 million customer accounts were kept by the Commonwealth in 2018. Two magnetic tapes with addresses, names, bank statement and account numbers have been stored between 2000 and 2016. The two tapes were marked for destruction by Fuji-Xerox Subcontractor following the decommissioning in 2016 of the data centre. The bank has not provided a record destruction stamp. It led the bank to launch a "examination" of the register loss. The bank decided not to inform the consumer of the alleged breaches of the records. The article is on the social networking section of BuzzFeed. No data found on the tape were known or shown to be corrupted. The Commonwealth Bank, however, is...