Abstract

The introduction reiterates changes in accounting due to the Internet and ERP. Accounting processes are scattered across various modules and can even be handled by customers and suppliers. At the same time, data and information warehouses have centralized financial and non-financial information, allowing insights into nooks and crannies of the organization. BI tools can be employed for controlling accounting processes, such as consolidations, planning and budgeting, and report generation. Treasury functions, such as cash management, investment and debt management, and financial risk management, have changed considerably due to Web-based tools. The primary advantage is access to real-time information from across the globe. Such information can be leveraged to effectively manage the treasury function. Two tools, SunGard Treasury tools and SAP CFM, were reviewed. These software tools facilitate front-end trading by accessing real-time market information, transaction and document management, and automated back-end accounting functions.