Analyzing and Aligning Financial Systems with IT Solutions Title

Analyzing and aligning financial systems with IT solutions
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Analyzing and aligning financial systems with IT solutions
About the company
Shutterfly is a photography company that has been founded in 1999 by the Apollo global management in Redwood City, California. The company has been established to provide the personalised goods and services to customers especially in the field of photography. It enables the consumers to capture, keep and share the memories of through the personalized photography and products. The company has an estimated revenue of US $1.961billion and about 7090 employees. The company has since shown the improvement in the financial performance in its operations though there are some slight weaknesses in the financial data as depicted in the analysis.
Financial analysis
The financial books of Shutterfly has depicted some weaknesses over the previous three years according to the research that has been conducted.as per the study it indicates that the revenue of the company is gradually increasing from US$1.1902billion in 2017, US$1.962billion in 2018 and US$2.117billion in the current year. However, the expenses are always increasing from one year to the other making the net income to keep on reducing from US$30.05 million in 2017, US$50.396 in 2018 and US$7.722 in 2019.This indicates the weaknesses in financial and accounting department which may misappropriation of funds. The liabilities are also showing the ascending trend increasing from US$ 636.415million in 2017 to US$1.6278 billion in 2019.The figures of the financial items have not been recorded accurately hence may affect the financial statements. Most of the figures have been rounded off to the nearest ones; he...