Home / Current Issue / Paper 1715016
Cloud Accounting as a Catalyst for Digital Transformation in Small Enterprises
Subject area: Management and Commerce · Area of research: Accounting Information Systems
Abstract
The purpose of this research is to explore the transformative function of cloud accounting technologies on SMEs’ (small and medium enterprises) advancement of digital transformation. In addition to the review of current literature, industry publications and case study analyses, this research will explore how these cloud-based accounting systems are used not only for financial record keeping, but also for purposes of strategically reengineering operational workflows, decision-making processes, and competitive positioning. Specifically, this research will address five key components: real-time financial visibility, automation of routine functions, connectivity to the broader enterprise ecosystem, scalability and data security. The findings of this research suggest that by adopting cloud accounting technology, SMEs will have significantly reduced obstacles to implement their digital transformation, which will enable SMEs to be more competitive in an ever-changing marketplace. In conclusion, this paper provides strategic recommendations for small business owners, policymakers and technology providers.
References
[1] Vial, G. (2019). Understanding digital transformation: A review and a research agenda. Journal of Strategic Information Systems, 28(2), 118–144.
[2] OECD. (2021). The digital transformation of SMEs. OECD Studies on SMEs and Entrepreneurship. OECD Publishing.
[3] Mell, P., & Grance, T. (2011). The NIST definition of cloud computing. Special Publication 800-145. National Institute of Standards and Technology.
[4] Bharadwaj, A., El Sawy, O. A., Pavlou, P. A., & Venkatraman, N. (2013). Digital business strategy: Toward a next generation of insights. MIS Quarterly, 37(2), 471–482.
[5] Fitzgerald, M., Kruschwitz, N., Bonnet, D., & Welch, M. (2014). Embracing digital technology: A new strategic imperative. MIT Sloan Management Review, 55(2), 1–12.
[6] ICAEW. (2024). Cloud accounting adoption among UK SMEs: Annual survey report. Institute of Chartered Accountants in England and Wales.
[7] Rogers, D. L. (2016). The digital transformation playbook: Rethink your business for the digital age. Columbia University Press.
[8] Mithas, S., Tafti, A., & Mitchell, W. (2013). How a firm's competitive environment and digital strategic posture influence digital business strategy. MIS Quarterly, 37(2), 511–536.
[9] PwC. (2023). Global digital IQ survey: SME digital adoption and the role of financial technology. PricewaterhouseCoopers International.
[10] Deloitte Insights. (2023). Digital transformation in SMEs: Closing the capability gap. Deloitte LLP.
[11] Savrul, M., Incekara, A., & Sener, S. (2014). The potential of e-commerce for SMEs in a globalizing business environment. Procedia - Social and Behavioral Sciences, 150, 35–45.
[12] European Commission. (2023). SME performance review 2022/2023. Publications Office of the European Union.
[13] World Bank Group. (2022). Small and medium enterprises (SMEs) finance: Improving SMEs' access to finance. World Bank.
[14] Plantin, J. C., Lagoze, C., Edwards, P. N., & Sandvig, C. (2018). Infrastructure studies meet platform studies in the age of Google and Facebook. New Media & Society, 20(1), 293–310.
[15] Boateng, R., Heeks, R., Molla, A., & Hinson, R. (2011). E-commerce and socio-economic development: Conceptualizing the link. Internet Research, 18(5), 562–594.
[16] Mithas, S., Tafti, A., & Mitchell, W. (2013). How a firm's competitive environment and digital strategic posture influence digital business strategy. MIS Quarterly,37(2),511–536.
How to cite this paper
@article{1715016,
author = {Mohd Sharique, Dr. Nimish Gupta},
title = {Cloud Accounting as a Catalyst for Digital Transformation in Small Enterprises},
journal = {Iconic Research And Engineering Journals},
year = {2026},
volume = {9},
number = {9},
pages = {717-723},
issn = {2456-8880},
url = {https://www.irejournals.com/formatedpaper/1715016.pdf},
abstract = {The purpose of this research is to explore the transformative function of cloud accounting technologies on SMEs’ (small and medium enterprises) advancement of digital transformation. In addition to the review of current literature, industry publications and case study analyses, this research will explore how these cloud-based accounting systems are used not only for financial record keeping, but also for purposes of strategically reengineering operational workflows, decision-making processes, and competitive positioning. Specifically, this research will address five key components: real-time financial visibility, automation of routine functions, connectivity to the broader enterprise ecosystem, scalability and data security. The findings of this research suggest that by adopting cloud accounting technology, SMEs will have significantly reduced obstacles to implement their digital transformation, which will enable SMEs to be more competitive in an ever-changing marketplace. In conclusion, this paper provides strategic recommendations for small business owners, policymakers and technology providers.},
month = {March},
doi = {https://doi.org/10.64388/IREV9I9-1715016}
}