INTEGRATED INFORMATION SYSTEMS AS SUPPORT TO CONTROLLING A FACTOR OF SUCCESSFUL BUSINESS OF THE COMPANY

Autor: Vinšalek Stipić, Valentina, Gambiroža, Darko
Jazyk: angličtina
Rok vydání: 2022
Předmět:
Zdroj: Journal of Accounting and Management
Volume XII
Issue 1
ISSN: 1848-137X
2459-5888
Popis: The goal of every profit-oriented company is to meet the needs of customers and thus make a profit. However, business processes are regulated by system regulators that respond to internal and external information. Quality information, that which is timely, accurate, realistic, significantly shortens the time required for the reaction and thus provides a competitive advantage. Integrated information systems use real-time data and thus enable realistic goal setting and control. In parallel with the development of integrated information systems, a new function in the company was developed - controlling. The role of controlling in a modern company is inseparable from management, because it is the controllers who provide the management with quality information for making the right business decisions. It is the process of controlling planned and realized costs that is one of the most important processes within the company that takes place through the function of controlling. Integrated information systems in companies lead to a rationalization of the time required to perform the controlling process because it significantly shortens the time required to enter and process the data necessary for the successful operation of the company. Such a successful integration was demonstrated on the example of the SAP ERP system, which through the FICO module enables the analysis of all data in real time and thus is an indispensable tool for creating information for making adequate business decisions. The aim of this paper is to prove to what extent integrated information systems controlling functions contribute to the profitability of the company’s operations.
Databáze: OpenAIRE
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