Abstract
An accounting information system (AIS) plays a key role in providing the financial information for decision making within an organization. The degree of usability and value of the information provided by an AIS largely depends on its timeliness and quality. Both can be improved by the participation of the non-financial stakeholders in its preparation, and by its reuse across multiple business processes. The goal of the research was to investigate AIS integration models in Lithuanian small and medium enterprises, and to determine the prerequisites and obstacles for their integration with the business processes and external information systems. A number of Lithuanian business companies were visited to investigate their information systems. Interviews with the accounting personnel were conducted and the related documentation was inspected. The object of the research was a set of problems concerned with the use of the information provided by the entity’s accounting information system in other functional areas for decision making purposes. Issues involving the preparation and communication of the accounting information for the use of external stakeholders were considered as well.The results of the research showed that the degree of integration of the accounting information systems of small and medium Lithuanian enterprises with their business partners and state institutions remains low, although prerequisites for the integration in some cases are in place.. Obstacles that preclude closer integration with external the systems are the relative inflexibility of the accounting software, the lack of use of the contemporary information and communication technologies, and high investments. To encourage closer integration within the systems, the Service Oriented Architecture should be provided, and be open for Data Integration, easy customization, and extensibility.p>
Highlights
The dynamic and competitive environment of the business world makes high demands on the timeliness and reliability of the information used for decision making
The following objectives have been dealt with: - To investigate the current state of the internal integration of the accounting information system in small and medium sized Lithuanian enterprises (SME). This includes determining the extent to which the accounting information system processes and stores information that originates in other functional areas of business entities, such as manufacturing, supply chain management, customer relationship management, human resources, investments, etc
Integration of the existing systems with external business partners would lead to increases in the operational efficiency, because business processes can be made faster, more reliable, and cheaper
Summary
The dynamic and competitive environment of the business world makes high demands on the timeliness and reliability of the information used for decision making. The following objectives have been dealt with: - To investigate the current state of the internal (within an organization) integration of the accounting information system in small and medium sized Lithuanian enterprises (SME) This includes determining the extent to which the accounting information system processes and stores information that originates in other functional areas of business entities, such as manufacturing, supply chain management, customer relationship management, human resources, investments, etc. It can be generalized that automated information systems contribute to the achievement of the main business goal of long-term profitability by lowering costs and increasing income Another improvement method is the integration of information systems, i.e. linking them together. It tends to be a one-way communication of either gathering external data or submitting information to the external users
Sign-in/Register to view highlights & summary 
Published Version (
Free)
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call