Opportunities for Optimizing Accounting Through Intelligent ERP Solutions
Opportunities for Optimizing Accounting Through Intelligent ERP Solutions

Author(s): Stanislav Aleksandrov, Galina Chipriyanova, Diyana Popova
Subject(s): Economy, Business Economy / Management, Accounting - Business Administration, ICT Information and Communications Technologies
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: ERP solutions; automation; integration; accountability; analysis; competitiveness
Summary/Abstract: Intelligent ERP solutions significantly optimize accounting and financial management in modern enterprises. Through automation of routine tasks, data integration, and improved accountability, ERP systems enhance the efficiency and accuracy of financial operations. They offer automated report generation and analyses, allowing managers to respond quickly to changes in performance. Despite the challenges of implementation, such as high costs and employee resistance, successful integration of ERP systems requires careful planning, staff training, and good communication between departments. Investment in ERP is crucial for the competitiveness of organizations. The results of the research find expression in: the intelligent ERP solutions provide contemporary enterprises with powerful tools for optimizing accounting and improving financial management; through process automation, data integration and advanced reporting, they not only enhance the efficiency and accuracy of financial operations but also support managers in making strategic decisions that are very important for the sustainable development of organizations; despite the challenges in implementation, careful planning and training can minimize risks and ensure the successful deployment of ERP systems, helping businesses navigate the dynamics of the modern business environment.

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