Differences and benefits in using a financial consolidation software: CLOUD, LOCAL, SAAS OR PAAS

The current national and international economic climate is continually changing, and a company’s ability to adapt its services is critical. As a result, in recent years, the interaction between technology and businesses has grown. It’s crucial to think about how finance adds value to a business as t...

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Bibliographic Details
Published inRevista de Studii Financiare Vol. 11; no. 6; pp. 131 - 140
Main Authors Raluca Andreea Stoica, Alina Gabriela Mareș
Format Journal Article
LanguageEnglish
Published Institutul de Studii Financiare 01.12.2021
Subjects
accounting software
cloud accounting
cloud computing
consolidation
globalization
technology
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Summary:The current national and international economic climate is continually changing, and a company’s ability to adapt its services is critical. As a result, in recent years, the interaction between technology and businesses has grown. It’s crucial to think about how finance adds value to a business as the future of accounting unfolds. The way business and finance functions create value is being profoundly transformed by digital technologies. To develop value, businesses must think and behave differently in the digital age. To emphasize the merits of each platform, we offered numerous types of software and various benefits of using them. This paper will address accountants’ worries about software, such as data security and a lack of features, as well as how the software works and the numerous benefits and drawbacks it has.
ISSN:2537-3714
2559-1347