ACCOUNTING AND COMPUTER SOFTWARE

Accounting and computer software

See also: Accounting information system
Many laborious practices have been simplified with the help of computer software. Enterprise resource planning (ERP) software provides a comprehensive, centralized, integrated source of information that companies can use to manage all major business processes, from purchasing to manufacturing to human resources. This software can replace up to 200 individual software programs that were previously used. Computer integrated manufacturing allows products to be made and completely untouched by human hands and can increase production by having less errors in the manufacturing process.

Computers have reduced the cost of accumulating, storing, and reporting managerial accounting information and have made it possible to produce a more detailed account of all data that is entered into any given system. They have also changed business to business interaction through e-commerce. Rather than dealing with multiple companies to purchase products, a business can purchase a product at a less expensive price and take out the third party and vastly reduces expenses companies once accrued.

Additionally, Inter-organizational information system enable suppliers and businesses to be connected at all times. When a company is low on a product the supplier will be notified and fulfill an order immediately which eliminates the need for someone to do inventory, fill out the proper documents, send them out and wait for their products.