Harnessing Technology: the Evolution of Accounting for Organizational Empowerment and Innovation

EasyChair Preprint no. 12865

Abstract

This paper explores the evolution of accounting practices in response to technological advancements and their profound impact on organizational empowerment and innovation. The traditional role of accounting as a record-keeping and compliance function has shifted dramatically with the advent of digital technology. With the emergence of sophisticated software, automation, and artificial intelligence, accounting processes have become streamlined, efficient, and increasingly data-driven. This paper delves into how organizations are harnessing technology to revolutionize their accounting practices. It examines how digital tools enable real-time financial reporting, predictive analytics, and strategic decision-making, thereby empowering organizations to adapt swiftly to changing market dynamics and seize new growth opportunities. Furthermore, the paper explores how technology-driven accounting fosters a culture of innovation within organizations. By liberating accounting professionals from mundane tasks, digital solutions free up valuable time and resources that can be redirected toward strategic initiatives and creative problem-solving.

Keyphrases: and, Empowerment, Innovation

@Booklet{EasyChair:12865,
  author = {Bruse Evan and Julia Anderson},
  title = {Harnessing Technology: the Evolution of Accounting for Organizational Empowerment and Innovation},
  howpublished = {EasyChair Preprint no. 12865},

  year = {EasyChair, 2024}}