The essence of enterprise resource planning (ERP) applications in accounting and financial analysis: Enabling end-to-end process automation
Sherzod Esanov and Umidjon Saidkhudjaev
Modern enterprise management relies on the intricate ERP systems that integrate key functions like accounting, finance, human resource, and supply chain processes into one system. This article will shed light on the importance of ERP applications in accounting and financial analysis, in particular how they help in automated end-to-end business process management, data accuracy, and effectiveness in decisions made. This topic studies the scope of ERP systems concerning financial functions of the organization in reporting, budgeting, compliance, and predicting business performance and their effects on efficiency. Additionally, this paper explores issues related to the automation of business procedures with special regard to the opportunities and challenges presented by ERP systems: integration of other systems, cost, and availability of IT specialists. With the help of literature and case study review, this article aims to explain the impact of ERP systems on accounting and finance and offer guidance on further research and practices.
Sherzod Esanov, Umidjon Saidkhudjaev. The essence of enterprise resource planning (ERP) applications in accounting and financial analysis: Enabling end-to-end process automation. Int J Finance Manage Econ 2023;6(2):198-200. DOI: 10.33545/26179210.2023.v6.i2.469