An information system collects, stores, processes, and reports data from various sources to provide managers with necessary information for decision making. Management information systems help establish organizational structure, document procedures, simplify audits, and maintain large financial databases. They are also used for accounting, generating financial reports, budgeting, planning, and decision making. Human resource management systems deal with activities like attendance tracking and payroll as well as maintaining employee data. Information systems allow effective marketing by collecting, sharing, and using information to promote brands through coordinated communication across departments.

1. INFORMATION SYSTEM AND
MANAGEMENT FUNCTION
“An information system (IS) is a formalized computer
information system that can collect, store, process
and report data from various sources to provide the
information necessary for managerial decision
making.”(Hicks 1993)

2. MANAGEMENT INFORMATION
SYSTEM
• Using an MIS, an organization is able to establish its
hierarchical structure and work-flow charts. Every employee
in the organization knows the employees he has authority
over and to whom he is responsible for work.
• The company’s operating and procedures are listed by an
MIS. The preparation of audits also gets simplified.
• Types of mis are TPS ,OIS and DDS

3. Management Information System in
Finance
• Management Information Systems (MIS) in Finance have been
widely adopted both by corporations as well as governments.
• They are information systems with capacity to maintain large
data bases enabling organizations to store, organize and
access financial information easily.
• These systems are primarily used for accounting operations
and generation of financial reports.. Increasingly they are also
used to support budgetary, planning and decision making
processes.

4. Management Information System
in Human Resource
• MIS in human resource function deals with routine activities
like attendance recording and payroll calculations.
• maintenance of employee related data and generating
appropriate reports are the crucial aspects of any
organization. So most of the organizations are adopting
computer based human resource management systems
(HRMS).

5. Information systems in
marketing
• Managing marketing information by means of IT has become
one of the most vital elements of effective marketing.
• By collecting and sharing marketing information and by using
it to promote corporate and brand image.
• Information systems allow dynamic marketing communication
between personnel in corporate planning, accounting,
advertising and sales promotion, product management,
channels of distribution and direct sales.