Information System Of Condy Software Company †MyAssignmenthelp.com

Question: Discuss about the Information System Of Condy Software. Answer: The terms and conditions governing the agreement between two parties are essential. It is through the terms and conditions that conflict and mismanagement of a partnership get avoided. The validity of the terms and conditions was discussed, and the team agreed that due to the change in business requirements and the cost incurred while implementing the changes, the terms should be reviewed once per year. However, before the reviews get altered, the terms and conditions must be strictly followed In most cases, the cost and payment terms get attributed to the failure of most agreements. The two parties agreed on the cost to be incurred to obtain the services offered by Condy Software Company. Condy Company indicated that the first payment was $400,000. The team arrived at the cost after breaking down the several activities required in the development process. These activities include database and website development, financial analysis tools, hosting of the website, support, and maintenance of services among others. However, it got indicated that the years preceding would be charged at the cost of $100, 000 per annum. The two teams also agreed that the payments should be made on the 14th day of every year. Defining the contract between WeRunIt Company and Condy Company is essential. The two parties agreed that they were on a three years renewable contract. The WeRunIt Company could break the nature of the deal should it find it not helpful to its wellbeing. While discussing the contract, the Condy team indicated that it would provide Ads based on providing more income to the companies. The two teams agreed that they would share the revenue in a ratio of 5:4 between WeRunIt and Condy Company respectively (Minetaki, K., Nishimura, 2010). The vulnerability of personal data determines the privacy and security of a company. The two parties agreed that Condy Company is responsible for the protection of the users data by ensuring that it is encrypted. Recovery and backup methods should be introduced to enhance the security of the company. The two companies that the company should provide the users create strong passwords through right password policies. The definition of the companys operations is vital in this kind of an agreement. The actions determine the roles of the company (HIMSS, 2017). Various activities were discussed and agreed upon by both teams. One of the operations was financial analysis. It was indicated that Condy Company would provide support when needed to ensure that WeRunIt Company is running consistently. The company needs to come up with a compatibility matrix indicating the prohibited acts. Condy Company will enforce these banned acts while implementing the website and the database. One of the actions that were prohibited by both parties is uploading content that jeopardizes the WeRunIt Companys image. This kind of a response can lead to a massive loss of customers (Pray Pillsbury, 2016). The accounts of the users who jeopardize the rules of the company should get blocked. The several ways in which an individual can undermine the image of the company was discussed. These include posting of prohibited content or trying to hack into the system. According to the team, a user can be blocked from accessing the account temporarily or permanently upon the decision of the company (ICHIT 2012, Lee, 2012). In conclusion, the governing terms above will ensure that the two companies work in tandem while providing the services as required by the users. The cost incurred using this method is better than the older method used by the WeRunIt which used $600,000 annually. References Minetaki, K., Nishimura, K. (2010). Information technology innovation and the Japanese economy. Stanford, California: Stanford Economics and Finance in association with University of Tokyo Press Japan and NUS Press Singapore. ICHIT 2012, Lee, G. (2012). Convergence and hybrid information technology: 6th International Conference, ICHIT 2012, Daejeon, Korea, August 23-25, 2012, Proceedings. Berlin: Springer. Pray, L. A., Pillsbury (2016). Leveraging food technology for obesity prevention and reduction efforts: Workshop summary. Washington, D.C: National Academies Press. Healthcare Information and Management Systems Society. (2017). HIMSS dictionary of health information technology terms, acronyms, and organizations.