Real-time reporting in accounting or simply real-time accounting offers many benefits when compared to
conventional periodic reporting. Traditionally, enterprises require financial or non-financial reporting based on
quarterly and annual periods. Yet, the rapid change that occurs on market and society causes this periodic reporting
to become quickly outdated. Higher competition among enterprises demands for more updated information to enable
management to rapidly adapt to opportunities and answer problems. Real-time accounting addresses these needs, but
needs new technological answers. In this article we present some technologies which can help the implementation of
real-time accounting, namely, business process management, mobile devices, cloud computing, business
intelligence, enterprise architecture and enterprise application integration.
Real-time reporting in accounting or simply real-time accounting offers many benefits when compared toconventional periodic reporting. Traditionally, enterprises require financial or non-financial reporting based onquarterly and annual periods. Yet, the rapid change that occurs on market and society causes this periodic reportingto become quickly outdated. Higher competition among enterprises demands for more updated information to enablemanagement to rapidly adapt to opportunities and answer problems. Real-time accounting addresses these needs, butneeds new technological answers. In this article we present some technologies which can help the implementation ofreal-time accounting, namely, business process management, mobile devices, cloud computing, businessintelligence, enterprise architecture and enterprise application integration.
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