Leveraging digital technology to transform accounting function: Case study of a SME
Digital transformation is taking hold of the processes and systems in accounting at a rapid pace and in a drastic way. With its emphasis on data and analysis, accounting entity is well suited to reap the benefits digital technologies have to offer. With the rapid infusion of digital technologies in...
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sg-smu-ink.soa_research-29242021-08-20T07:35:00Z Leveraging digital technology to transform accounting function: Case study of a SME PAN, Gary LEE, Benjamin Digital transformation is taking hold of the processes and systems in accounting at a rapid pace and in a drastic way. With its emphasis on data and analysis, accounting entity is well suited to reap the benefits digital technologies have to offer. With the rapid infusion of digital technologies in accounting entity, the accounting literature has been calling for more empirical studies to examine the way accounting function leverages digital technology to enhance its analytical capabilities so as to obtain deeper business insights. This paper conducts an empirical study to examine the process of a SME's accounting function leveraging data analytics to enhance its financial analysis capability and revenue growth prediction in developing its future business strategy. In this study, we have used Lewin's (1951) change theory as our analytical perspective. We have drawn on Food Co's data analytics adoption experience by interviewing relevant internal stakeholders and reviewing secondary data extensively. Our analysis identified three stages of “unfreeze-change-refreeze” digital transformation process and several intervention actions that were instrumental in enacting the implementation of data analytics platform. 2020-06-01T07:00:00Z text application/pdf https://ink.library.smu.edu.sg/soa_research/1897 info:doi/10.5296/ijafr.v10i2.17052 https://ink.library.smu.edu.sg/context/soa_research/article/2924/viewcontent/Leveraging_Digital_Technology_to_Transform_Account.pdf http://creativecommons.org/licenses/by/4.0/ Research Collection School Of Accountancy eng Institutional Knowledge at Singapore Management University Digital technology Digital transformation Accounting Small and medium-sized enterprises Accounting Entrepreneurial and Small Business Operations Technology and Innovation |
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Digital technology Digital transformation Accounting Small and medium-sized enterprises Accounting Entrepreneurial and Small Business Operations Technology and Innovation PAN, Gary LEE, Benjamin Leveraging digital technology to transform accounting function: Case study of a SME |
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Digital transformation is taking hold of the processes and systems in accounting at a rapid pace and in a drastic way. With its emphasis on data and analysis, accounting entity is well suited to reap the benefits digital technologies have to offer. With the rapid infusion of digital technologies in accounting entity, the accounting literature has been calling for more empirical studies to examine the way accounting function leverages digital technology to enhance its analytical capabilities so as to obtain deeper business insights. This paper conducts an empirical study to examine the process of a SME's accounting function leveraging data analytics to enhance its financial analysis capability and revenue growth prediction in developing its future business strategy. In this study, we have used Lewin's (1951) change theory as our analytical perspective. We have drawn on Food Co's data analytics adoption experience by interviewing relevant internal stakeholders and reviewing secondary data extensively. Our analysis identified three stages of “unfreeze-change-refreeze” digital transformation process and several intervention actions that were instrumental in enacting the implementation of data analytics platform. |
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text |
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PAN, Gary LEE, Benjamin |
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PAN, Gary LEE, Benjamin |
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PAN, Gary |
title |
Leveraging digital technology to transform accounting function: Case study of a SME |
title_short |
Leveraging digital technology to transform accounting function: Case study of a SME |
title_full |
Leveraging digital technology to transform accounting function: Case study of a SME |
title_fullStr |
Leveraging digital technology to transform accounting function: Case study of a SME |
title_full_unstemmed |
Leveraging digital technology to transform accounting function: Case study of a SME |
title_sort |
leveraging digital technology to transform accounting function: case study of a sme |
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Institutional Knowledge at Singapore Management University |
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2020 |
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https://ink.library.smu.edu.sg/soa_research/1897 https://ink.library.smu.edu.sg/context/soa_research/article/2924/viewcontent/Leveraging_Digital_Technology_to_Transform_Account.pdf |
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