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Cloud ERP and Cloud Accounting Software in Romania
Abstract
Nowadays, Cloud Computing becomes a more and more fashionable concept in the IT environment. There is no unanimous opinion on the definition of this concept, as it covers several versions of the newly emerged stage in the IT. But in fact, Cloud Computing should not suggest anything else than simplicity. Thus, in short, simple terms, Cloud Computing can be defined as a solution to use external IT resources (servers, storage media, applications and services), via Internet. Cloud computing is nothing more than the promise of an easy accessible technology. If the promise will eventually turn into something certain yet remains to be seen. In our opinion it is too early to make an assertion. In this article, our purpose is to find out what is the Romanian offer of ERP and Accounting software applications in Cloud and / or as services in SaaS version. Thus, we conducted an extensive study whose results we’ll present in the following.
... From the study of literature in the field (Dimitriu & Matei, 2014;Maria Cristina Bosoteanu, 2016;Sadighi, 2014), an accounting application based on cloud computing technology, is that application that can be accessed from anywhere through an Internet connection, without the need to be installed and managed on its own hardware infrastructure. This form of digital accounting removes the problem of very high costs for purchasing ERP (Enterprise Resource Planning) applications and the infrastructure needed to run them (Mihai, 2015). Cloud Accounting ensures increased flexibility and reduced technology costs by using a virtual application provided as a service (Bajan & Lazari, 2019). ...
The literature presents both the advantages and opportunities that cloud accounting technology offers to the accounting profession and how the accounting profession adapts to technological progress by increasing efficiency and effectiveness in performing specific tasks. The aim of this research is to highlight the extent to which professional accountants are aware of the transformation of the profession under the impact of digitization. The research is descriptive using the questionnaire as a working tool, which was applied to a number of 289 respondents in area south Munteania. The data collected has been processed using existing contingency tables in a statistical processing software. The main conclusions of the study show that professional accountants are aware and appreciate the need to integrate cloud computing information technology into their professional activity. In the same way, the study highlights the need to create an appropriate environment within the organization, which stimulates the interest and concerns of employees, acquiring new specialized knowledge, in order to have skills and abilities specific to the digital age.
В епоха на ускорени глобални промени бизнес трансформациите придобиват все по-определящо значение за бъдещето на организациите. Нарастващото влияние на технологиите, дигитализацията и изискванията за устойчивост предизвикват компаниите да преосмислят своите управленски и финансово-счетоводни стратегии. Тези трансформации не са просто адаптивни реакции, а проактивни решения, които предопределят конкурентоспособността и устойчивостта в дългосрочен план. В условията на глобализация и интензивна пазарна динамика управленските модели, ориентирани към иновации и ефективност изпълняват все по-важна роля. Финансовата отчетност и стратегическото планиране следва да отразяват новите реалности като включват екологични и социални индикатори за устойчивост. Докладите към сборника целят да представят теоретични и практически решения за интегриране на управленски, финансово-счетоводни и планови подходи, които от една страна отговарят на настоящите предизвикателства, а от друга - подготвят бизнеса за бъдещите такива. Разглеждат се глобални и национални бизнес трансформации, като се акцентира върху ролята на устойчивостта и иновациите като двигатели на растежа и адаптацията.
В епоха на ускорени глобални промени бизнес трансформациите
придобиват все по-определящо значение за бъдещето на организациите.
Нарастващото влияние на технологиите, дигитализацията и изискванията
за устойчивост предизвикват компаниите да преосмислят своите управлен-
ски и финансово-счетоводни стратегии. Тези трансформации не са просто
адаптивни реакции, а проактивни решения, които предопределят конкурен-
тоспособността и устойчивостта в дългосрочен план. В условията на глоба-
лизация и интензивна пазарна динамика управленските модели, ориен-
тирани към иновации и ефективност изпълняват все по-важна роля. Финан-
совата отчетност и стратегическото планиране следва да отразяват новите
реалности като включват екологични и социални индикатори за устой-
чивост.
Докладите към сборника целят да представят теоретични и практиче-
ски решения за интегриране на управленски, финансово-счетоводни и пла-
нови подходи, които от една страна отговарят на настоящите предизвика-
телства, а от друга - подготвят бизнеса за бъдещите такива. Разглеждат се
глобални и национални бизнес трансформации, като се акцентира върху
ролята на устойчивостта и иновациите като двигатели на растежа и
адаптацията.
Much has been written about the adoption and benefits of cloud computing in different contexts, yet it is not clear how cloud computing has affected the practice of accounting. This empirical study applies transaction cost economics to explore the risks of cloud-based accounting systems and services in Australia and it identifies several risk mitigation strategies adopted by organisations. The findings based on interviews with accounting practices, amongst others, are classified according to the Technology-Organisation-Environment framework. The evidence suggests that cloud accounting not only introduces specific risks to the “accounting process” but some of the known risks associated with other cloud-based applications are more pronounced. While transaction-specific factors such as vendor selection and contractual arrangements were considered important as risk mitigation strategies, internal measures including policy development and staff training were seen as critical to cloud accounting.
It is known the fact that since the mid-twentieth century, the communication and information technology has dramatically influenced human society and that every time there was a so - called fashionable technology. Presently, the fashionable information technology is Cloud Computing, which, by its advantages, brought Cloud Accounting to the life of economic entities. Within this study, we analyse, by means of a survey conducted based on a questionnaire, a total of 125 answers from professional accountants, given the conditions of gradual transition towards Cloud Accounting. In short, our research shows that among
professional accountants in Romania, 99.20% have had a negative experience related to
reliability, availability and access to electronic data or archived accounting data, that 96%
consider that accountancy with the characteristics of Cloud Computing would be the ideal s olution to
the needs of modelling and accounting information and that 88% appreciate asnecessary to extend the manifestation of the role of accounting as an information system from the microeconomic level to the macroeconomic one.
Cloud technologies have developed intensively during the last years. Cloud computing allows the customers to interact with their data and applications at any time, from any location, while the providers host these resources. A client company may choose to run in the cloud a part of its business (sales by agents, payroll, etc.), or even the entire business. The company can get access to a large category of cloud-based software, including accounting software. Cloud solutions are especially recommended for small companies that do not have enough financial resources to invest in the IT infrastructure and in expensive accounting software. However, a special attention is required in the case of sensitive data, which should not be placed in a public cloud. All these aspects need to be discussed with the students, who should acquire the qualifications needed for operating with cloud applications. Our paper considers all the above issues regarding cloud computing for accountants and suggests some possibilities to approach these topics with the students.
In the present day context of globalisation as well as the effect of crisis on the economy, the evolution of companies, regardless of the specific area where they activate, should abound in keywords such as optimisation, added value, cost cutting, efficiency increase, and profitability. In this respect, cloud accounting represents a new organisational model where the IT&C supporting companies’ accounting services, are provided as online services, with users accessing software applications over the internet, without specific infrastructure or platforms and without holding the relative licences, in exchange for a monthly fee. This paper aims to present today’s issues facing the increase in the efficiency of IT&C services that support companies’ accounts. Aspects related to the concepts of Cloud Computing, Infrastructure as a Service, Platform as a Service, and Software as a Service will be analysed. In addition, the advantages, disadvantages and risks of cloud computing as well as the implementation of this new technology in the acquisition of IT&C services supporting companies’ accounting.
Like many other modern information technologies, intelligent agents and multiagent systems are used successfully in many economic areas as electronic commerce, marketing or company management. But, technology intelligent agents, multiagent systems by default, can be successfully applied in finance and accounting, benefits being important. Thus far it appears that there is scope for application of this technology, with the aim of improving the accounting activities. In addition, based on fundamental characteristics of agents and multiagent systems, it should be described cases in which agent technology paradigm can be used to bring more competitive field. In other words, the agent technology has to offer in addition to other information technologies work and how an organization can be improved by adopting in practice. Thus, this paper aims to achieve insight into the specific field of intelligent systems research and present the main opportunities and benefits that they can create their adoption in practice.
The accounting information system infrastructure is crucial to the carry out successfully most of bookkeeping operations in a modern enterprise. Consequently, the security of the system should be an important issue on the enterprise agenda. A series of factories can be construed as having increased the risk of electronic attack at the accounting information system infrastructure such as unavoidable difficulties of securing such system; the increased globalization; insufficient awareness and training of the accounting systems users, and attitudes or practices that do not observe use procedures; availability of information with concern to unauthorised access to the accounting information system; unclear regulations and certain jurisdictional difficulties. The paper studies the security of the accounting information system infrastructure in modern corporations from the viewpoint of modernising accounting against the background of implementing new information technologies aimed at carrying out the objectives of integration and globalisation construed as phenomena specific to information society and knowledge.
The phenomena that mark the economic environment in recent decades are under the sign of globalization, interdependence and interaction. Whatever happens in any corner of the world, affects more or less extensively the local economic environments. In these circumstances, any organization, regardless of its activity profile, size and space in which it operates, must prove its viability, ability to communicate and adapt in order to achieve economic and financial performance to make it increasingly competitive. This paper aims to address the issue of accounting information system infrastructure audit, in terms of globalization, an activity which involves evaluating all aspects of automated data processing systems, including related manual processing activities. Key concepts relative to what is the audit of accounting information system infrastructure, audit aim, audit methodology (7 steps), audit report, as well as steps to be followed in implementing post audit corrections, are highlighted.
National economy and security are fully dependent on information technology and infrastructure. At the core of the information infrastructure society relies on, we have the Internet, a system designed initially as a scientists’ forum for unclassified research. The use of communication networks and systems may lead to hazardous situations that generate undesirable effects such as communication systems breakdown, loss of data or taking the wrong decisions. The paper studies the risk analysis of the accounting information system in modern corporations from the viewpoint of modernising accounting against the background of implementing new information technologies aimed at carrying out the objectives of integration and globalisation construed as phenomena specific to information society and knowledge.