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15 January, 2016 - 09:50

The good news is that the integration that makes enterprise systems so vital for organizations has the embedded side benefit of supporting automatic updates through the feeder processes that combine to make the electronic inputs work. There is very little need for human-generated inputs to the general ledger or other BR components.

But what about system outputs? We’ve come a long way from the days where mandated financial reports were the only “business reporting” application emitting from the IS function. Now, decision makers have access to a wide range of information generated within the organization as well as external data found over the Internet. Will we ever see the day when business reporting will do away with paper reports and use only “electronic reports?” The answer is an emphatic “Yes!” The advent of XBRL is one clear indicator that major changes are on the way. Some companies are already there; recall the paperless company described in Technology Application 5.6.