Abstract
Accounting information systems (AISs), the core module of any enterprise resource planning (ERP) system, are usually designed as centralised systems. Nowadays, the continuous development and applications of blockchain, or more broadly—distributed ledger technology (DLT), can change the architecture, overcome and improve some limitations of centralised systems, most notably security and privacy. An increasing number of authors are suggesting the application of blockchain technologies in management, accounting and ERPs. This paper aims to examine the emerging literature on this field, and an immediate result is that blockchain applications can have significant benefits. The paper’s innovative contribution and considerable objective are to examine if blockchain can be successfully integrated with AIS and ERPs. We find that blockchain can facilitate integration at multiple levels and better serve various purposes as auditing compliance. To demonstrate that, we analyse e-procurement systems and operations using case study research methodology. The findings suggest that DLT, decentralised finance (DeFI), and financial technology (FinTech) applications can facilitate integrating AISs and ERP systems and yield significant benefits for efficiency, productivity and security.
Highlights
In this article, three domains are analysed: (a) enterprise resource planning, (b) accounting information systems and (c) e-procurement
While numerous other researches have focused only on theoretical aspects or on each element independently [1,2,3], this is the first research that attempts the application of a generalised e-Procurement system through the exploitation of the enterprise resource planning (ERP) systems and their core Accounting information systems (AISs) functions by suggesting the introduction of an additional functional module in one of the most widespread business solutions, SAP
Accounting information systems (AISs) involve collecting, storing, and processing financial and accounting data used by internal users to report information to investors, creditors, and tax authorities [5]
Summary
Three domains are analysed: (a) enterprise resource planning, (b) accounting information systems and (c) e-procurement. The original approach is set to design a feasible path for their integration to benefit businesses, managers, and governance in general. Enterprise resource planning (ERP) refers to “a type of software that organisations use to manage business activities, such as accounting, procurement, project management, risk and compliance management, and supply chain operations. A complete ERP suite includes enterprise performance management, Software that helps plan, budget, predict and report on an organisation’s financial results” [4]. Accounting information systems (AISs) involve collecting, storing, and processing financial and accounting data used by internal users to report information to investors, creditors, and tax authorities [5]. AISs are generally computer-based methods for tracking accounting activity in conjunction with information technology resources
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