The myriad of financial transactions between an MNC's headquarters and its numerous subsidiaries and among the subsidiaries themselves can be a nightmare for the information systems specialist, whose task is to provide the information necessary for the development of the reports required by the company's stakeholders. The need for efficient internal information systems has been intensified by the changes taking place in the international monetary scene, where new and more complicated financial instruments are being created almost daily. The complex task of the information specialist requires an equally complex system for gathering, organizing, processing, storing, and retrieving data from all subsidiaries; converting these data into useful information; and supplying this information to decision-making centers all over the globe. A firm that has an efficient international financial information management system most definitely has a competitive advantage in this extremely competitive world. 1
The input needs of an efficient MIS are determined by many factors such as organizational structure, product and geographical diversification, management philosophy, and management's attitude toward computerized databases and the use of computers in managerial decision making. Input needs are further shaped by three kinds of requirements to which every MNC is subject.
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