Essay Sample on Efficient Tech Practices: Key to Business Success in the Digital Age

The current operations of businesses rely heavily on improved technological practices. Technology allows businesses to enjoy success since technology helps businesses to capitalize on the efficiency, excellence of finished products, and the timeliness in which the tasks are completed. Therefore, organizations have to adopt ways through which they can include top-notch information systems into their practices so that they can effectively manage their data and records, which are important for the success of the organization in question (Brandas et al., 2013).

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It is also important that the organizations which seek to stay abreast of the changes in the market to include accounting information systems into their operations so that they can be assured of efficiency in handling money and managing the expenses that the organization incurs.

Accounting information systems have many benefits. First, the accounting information system allows for the ease of access to information when accounting information is availed to the people concerned. When information is available, it helps in creating transparency, which enables the organization to be more preferable to clients (Guragai et al., 2017). However, if the accounting information systems are not efficiently implemented, then they will create a scenario whereby the business will be losing money because of the lack of accountability and supervision of the finances that they are in charge of.

Conclusion

In cocnlusion, with a failed accounting information system, the organization may experience losses in terms of misappropriation of funds in the organization, which results in the customers and shareholders losing their faith in the organizations in question. When stakeholders lose faith, the organization is likely to fail in their endeavors, since there will be the removal of investment that they will have put into the organization. Therefore, as much as the organizations seek to include technology in their endeavors, they should first invest in training of the employees who will be undertaking the said operations.

References

Brandas, C., Stirbu, D., & Didraga, O. (2013). Integrated approach model of risk, control, and auditing of accounting information systems. Informatica Economica, 17(4), 87-95. https://d1wqtxts1xzle7.cloudfront.net/46269926/Integrated_Approach_Model_of_Risk_Contro20160606-8325-2lxyrz.pdf?1465199432=&response-content-disposition=inline%3B+filename%3D

Guragai, B., Hunt, N. C., Neri, M. P., & Taylor, E. Z. (2017). Accounting information systems and ethics research: Review, synthesis, and the future. Journal of Information Systems, 31(2), 65-81. https://aaapubs.org/doi/abs/10.2308/isys-51265?journalCode=isys