Integrated Information Systems for financial accounting

Reality shows that businesses today still presents various information islands acting in parallel even for the same business process management. Although the idea of integration is not new, information technologies have revealed new possibilities for integration of information by the means of ERP systems, incorporating mechanisms for communication between applications, orchestrated by emerging technologies.

 

The author deals, on one hand, the strong influence of information integration on the enterprise financial accounting, and, on the other hand, the importance of aligning the functionalities of the enterprise-wide adopted accounting system with medium and long term business strategy. The adoption of an integrated system is the ideal solution for the enterprise to optimize the accounting information flow. Also, finding solutions to integrate enterprise-wide dissipated information sources able to collaborate with the financial accounting system must be regarded as a necessity.
 

This book provides an overview of the main enterprise resource integration options outlined in practice and summarized by the specific literature and sets out proposals on the possible future use of integration tools and technologies, identifying some key points specific to financial accounting information systems domain.