Skip to main content

Artificial Intelligence, ERP, and Managerial Accounting

  • Chapter
  • First Online:
Emerging Trends and Innovation in Business and Finance

Part of the book series: Contributions to Management Science ((MANAGEMENT SC.))

Abstract

Enterprise Resources Planning (ERP) have been used by many organizations, then it was developed to be associated with managerial accounting and decision making. ERP has gone through a lot of developments in the past years. As advanced as ERP is, it still has limitation to provide evolving competitive advantage to the bursting technological market today. The raise and development of Artificial Intelligence (AI) and how it could be beneficial for organizations to automate and digitize certain processes in the field of accounts. AI, however, have not spread as fast as expected due to challenges managerial accountants anticipating in the face of AI integration on ERP, since ERP success rate of implementation is still objectively low. There are many advantages and benefits for having ERP and AI in decision making, despite the focus on human unemployment expected to raise, but it can shift careers within accounting sector and business in general.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 169.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Hardcover Book
USD 219.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  • Bag S, Wood LC, Xu L, Dhamija P, Kayikci Y (2020) Big data analytics as an operational excellence approach to enhance sustainable supply chain performance 153

    Google Scholar 

  • Busuioc M (2021) Accountable artificial intelligence: holding algorithms to account 81(5)

    Google Scholar 

  • Chang M-K, Cheung W, Cheng C-H, Yeung J (2008) Understanding ERP system adoption from the user’s perspective 113(2):928–942

    Google Scholar 

  • Citron DK (2006) Technological due process 85(6):1249–1313

    Google Scholar 

  • Demigha S (2020) The impact of big data on AI

    Google Scholar 

  • Eker DM (2016) Effects of interaction between ERP and advanced managerial accounting. J Account Financ 188–191

    Google Scholar 

  • Gartner G. (2020). https://www.gartner.com/en/information-technology/glossary/digitalization. Acccessed 1 April 2023

  • Goundar S, Nayyar A, Maharaj M, Ratnam K, Prasad S (2020) How artificial intelligence is transforming the ERP systems

    Google Scholar 

  • Gray LG, Chiu V, Liu Q, Li P (2014) The expert systems life cycle in AIS research: what does it mean for future AIS research? Int J Account Inf Syst 15(4):423–451

    Article  Google Scholar 

  • Huang SH, Zhang H-C (1994) Artificial neural networks in manufacturing: concepts, applications, and perspectives

    Google Scholar 

  • Laney D (2001) 3D data management: controlling data volume, velocity and variety

    Google Scholar 

  • Lin W-K, Lin S-J, Yang T-N (2017) Integrated business prestige and artificial intelligence for corporate decision making in dynamic environments 48(4):303–324

    Google Scholar 

  • Mihaila M (2014) Management accounting. In: Managerial accounting and decision making, in energy industry, pp 1119–1202

    Google Scholar 

  • Moller K, Schafer U, Verbeeten F (2020) Digitalization in management accounting. In: Digitalization in management accounting and control: an editorial, pp 1–8

    Google Scholar 

  • Mukti AH, Yuniati T (2021) How accounting artificial intelligence can prevent fraud? Conference on management, business, innovation, education and social science

    Google Scholar 

  • Pandey B, Dwivedi S, Mohd RH (2022) Artificial intelligence implementation in SAP 5(2)

    Google Scholar 

  • Robert Jacobs F (2006) Enterprise resource planning (ERP)—a brief history 1

    Google Scholar 

  • Sangster A, Leech SA, Grabski SV (2009) The impact of ERP systems on management accountants and their work 6(2)

    Google Scholar 

  • Shrestha YR-M (2019) Organizational decision making structures in the age of artificial intelligence 61(4):66–83

    Google Scholar 

  • Stancheva-Todorova EP (2019) How artificial intelligence is challenging accounting profession 12 (ISSN 1314-7242), pp 1–17

    Google Scholar 

  • Sutton SG, Holt M, Arnold V (2016) The reports of my death are greatly exaggerated. Artif Intell Res Account 22:60–73. https://doi.org/10.1016/j.accinf.2016.07.005

  • Wylie L (1990) A vision of the next-generation MRP II. Scenario S-300-339, Gartner Group, April 12

    Google Scholar 

  • Zhu D (2020) Research on the transformation from financial accounting tomanagement accounting in the age of artificial intelligence. Universe Sci Publishing 2(2)

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Rami Abu Wadi .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2023 The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.

About this chapter

Check for updates. Verify currency and authenticity via CrossMark

Cite this chapter

Khamis, L., Alasfoor, F., Khawaja, N., Wadi, R.A. (2023). Artificial Intelligence, ERP, and Managerial Accounting. In: El Khoury, R., Nasrallah, N. (eds) Emerging Trends and Innovation in Business and Finance. Contributions to Management Science. Springer, Singapore. https://doi.org/10.1007/978-981-99-6101-6_58

Download citation

  • DOI: https://doi.org/10.1007/978-981-99-6101-6_58

  • Published:

  • Publisher Name: Springer, Singapore

  • Print ISBN: 978-981-99-6100-9

  • Online ISBN: 978-981-99-6101-6

  • eBook Packages: Economics and FinanceEconomics and Finance (R0)

Publish with us

Policies and ethics