The problem background chosen for systematic investigation and research is presented here. There is an increased use of information and management tools in accounting management in organizations. Productivity assured to internal operations and well as both internal and external stakeholders only led to increased reliance on accounting software (Alter, 2013). However, everything is not about the benefits. Depending on the information system that would be implemented in the organization and the rapidity in implementations, benefits and challenges for the organization would increase. Computers, internet and software have changed the way accounting management is understood in organizational operations. Hence, it is imperative to understand the information system for improving productivity in the underlying economic aspects of organizations. There is a need to understand about the measures, communication system and the processes involved about the economic entity. This is a strong requirement given that the developments in technology have been found to dramatically improve the accounting system and the transformation of the economic life.
In accounting and operations management specifically, it is found that accounting personnel rely more on computers and other digital technologies to increase the office productivity and to increase the documentation and the analysis of the data. In a contemporary sense, the use of technology and technology related tools have been found to play an important role in the exchanging of the documentation, collaboration with far-flung partners and in the collation of data.They are then analysed using these tools as well. These technologies based accounting tools are hence found to create a positive impact on the different entities in the accounting department. Some of the specific benefits created in using these tools are as follows.Competitive Advantages are created here. Companies using the accounting tools are found to gain competitive advantages. They are able to develop a stronger heuristics of the processes that enables them to save time and resources. Subsequently, the resources are used for the innovation and improvisation of the processes.