文章基本信息

标题：IMPACT OF INFORMATION TECHNOLOGY INNOVATIONS ON FINANCIAL TRANSACTION PROCESSING
本地全文：下载
作者：Mysore Ramaswamy ; Richard Calvasina ; Eugene Calvasina 等
期刊名称：Issues in Information Systems
印刷版ISSN：1529-7314
出版年度：2011
卷号：12
期号：1
页码：36-43
出版社：International Association for Computer Information Systems
摘要：Due to innovations in Information Technology (IT), we now have the tools to track all business processes both in demand and supply chains in real time. This real time economy presupposes movement of information without hindrance across corporate boundaries, time zones, and systems. Our information age is characterized by technology that accumulates large amounts of data and processes it into meaningful comprehensive information for management. The accounting function, however, still continues to provide the financial information. According to a recent study by Forrester Research, accounting professionals across the country process more than one billion invoices each week, and 97 percent of those invoices are still being processed manually. Automating all processes starting from when a purchase order is generated to when payment is ultimately received creates both new efficiencies and reduced costs by providing better visibility of all aspects of financial transaction processing. This paper first compares the financial information flows in traditional systems and contemporary systems that are impacted by new innovations in IT, and then offers recommendations to achieve an optimal information system.
关键词：Accounting Information Systems; Enhanced Business Reporting; Information Value; Real Time;Economy.