TITLE:
Accounting Benefits of ERP Systems across the Different Manufacturing Industries of SMEs
AUTHORS:
Spyridon Goumas, Dimitris Charamis, Efthalia Tabouratzi
KEYWORDS:
ERP Systems, Accounting Benefits, Manufacturing Sector, Manufacturing In-dustries, SMEs
JOURNAL NAME:
Theoretical Economics Letters,
Vol.8 No.6,
April
23,
2018
ABSTRACT: As a result of the ongoing economic crisis and the
international market competition, Greek SMEs, particularly the ones focusing in
manufacture and production, need to stay profitable by increasing efficiency,
while reducing operational costs. Information collected, stored and processed
by ERP
systems help SMEs to reduce uncertainty, and improve operations and managerial
decision-making. Manufacture SMEs could benefit from the implementation of an
ERP system, as there are many aspects in the business to consider. However,
most decisions are based on financial information. The current study explores
the accounting benefits of implementing ERPs on manufacture SMEs, from an
accounting standpoint. Findings demonstrate the difference in importance of the
various accounting benefits within the different manufacturing categories.