What system is designed to manage financial operations within an organization for the purpose of reporting and decision making?

The financial information system (FIS) is specifically designed to manage and process financial operations within an organization. This system excels in collecting, storing, and reporting financial data, which is critical for effective financial analysis and decision-making. By consolidating financial information, the FIS enables organizations to track expenses, revenues, and financial performance over time, facilitating better budgeting and forecasting.

In contrast, other systems listed have different primary functions. For instance, a human resource management system focuses on employee data and HR processes, while a customer relationship management system is oriented around managing interactions with customers and sales data. An inventory management system deals primarily with tracking inventory levels and product orders, rather than the broader financial implications and reporting functionalities. Therefore, the financial information system plays a vital role in supporting financial operations and strategic decision-making within an organization.