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Differences and benefits in using a financial consolidation software: CLOUD, LOCAL, SAAS OR PAAS

Author

Listed:
  • Raluca Andreea Stoica

    (Valahia University of Targoviste, Targoviste, Romania)

  • Alina Gabriela Mareș

    (Valahia University of Targoviste, Targoviste, Romania)

Abstract

The current national and international economic climate is continually changing, and a company’s ability to adapt its services is critical. As a result, in recent years, the interaction between technology and businesses has grown. It’s crucial to think about how finance adds value to a business as the future of accounting unfolds. The way business and finance functions create value is being profoundly transformed by digital technologies. To develop value, businesses must think and behave differently in the digital age. To emphasize the merits of each platform, we offered numerous types of software and various benefits of using them. This paper will address accountants’ worries about software, such as data security and a lack of features, as well as how the software works and the numerous benefits and drawbacks it has.

Suggested Citation

  • Raluca Andreea Stoica & Alina Gabriela Mareș, 2021. "Differences and benefits in using a financial consolidation software: CLOUD, LOCAL, SAAS OR PAAS," Journal of Financial Studies, Institute of Financial Studies, vol. 11(6), pages 131-140, December.
    • Handle: RePEc:fst:rfsisf:v:11:y:2021:i:6:p:131-140
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    More about this item

    Keywords

    globalization; consolidation; accounting software; technology; Cloud Computing; Cloud Accounting;
    All these keywords.

    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation

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