The Impact of Emerging Technologies on Accounting and Promises to Minimize Operational Costs

Abstract

This research aims to study the impact on operational costs in companies after emerging technologies (ERP Systems) are implemented. This research also assesses whether such technologies affect the accounting function operational costs in companies after deployment. More specifically, the impact of ERP systems on the operational costs of accounting functions is evaluated by assessing their impact on personnel costs, financial cycles, productivity, procurement costs, and information and communication technology costs. A questionnaire survey was distributed to the respective users of the ERP systems in order to obtain the required data, and a total of 95 responses were collected. In this research, the researcher ran five regression modules to measure the impact of ERP on personnel costs, financial cycles, productivity, procurement costs, and information and communication technology costs. The results show that there is a positive relationship between the ERP and the operational costs variables. The regression results reveal that procurement variables account for the highest factor affected by the implementation of ERP with a value of 0.455, followed by productivity with a value of 0.447. The lowest factor affected by the implementation of the ERP is information and communication technology with a value of 0.315. The adoption of ERP systems in companies improves the operational costs of running accounting activities.