Blockchain, enterprise resource planning (ERP) and accounting information systems (AIS): Research on e-procurement and system integration

Alessio Faccia, Pythagoras Petratos

    Research output: Contribution to journalArticlepeer-review

    82 Citations (Scopus)
    261 Downloads (Pure)

    Abstract

    Accounting information systems (AISs), the core module of any enterprise resource planning (ERP) system, are usually designed as centralised systems. Nowadays, the continuous development and applications of blockchain, or more broadly-distributed ledger technology (DLT), can change the architecture, overcome and improve some limitations of centralised systems, most notably security and privacy. An increasing number of authors are suggesting the application of blockchain technologies in management, accounting and ERPs. This paper aims to examine the emerging literature on this field, and an immediate result is that blockchain applications can have significant benefits. The paper’s innovative contribution and considerable objective are to examine if blockchain can be successfully integrated with AIS and ERPs. We find that blockchain can facilitate integration at multiple levels and better serve various purposes as auditing compliance. To demonstrate that, we analyse e-procurement systems and operations using case study research methodology. The findings suggest that DLT, decentralised finance (DeFI), and financial technology (FinTech) applications can facilitate integrating AISs and ERP systems and yield significant benefits for efficiency, productivity and security.

    Original languageEnglish
    Article number6792
    Number of pages17
    JournalApplied Sciences (Switzerland)
    Volume11
    Issue number15
    DOIs
    Publication statusPublished - 23 Jul 2021

    Bibliographical note

    This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

    Keywords

    • Accounting information systems
    • Blockchain accounting
    • E-business systems
    • E-procurement
    • ERP
    • Financial technology
    • Fintech
    • Information systems design
    • Triple entry accounting
    • Triple entry bookkeeping

    ASJC Scopus subject areas

    • General Materials Science
    • Instrumentation
    • General Engineering
    • Process Chemistry and Technology
    • Computer Science Applications
    • Fluid Flow and Transfer Processes

    Fingerprint

    Dive into the research topics of 'Blockchain, enterprise resource planning (ERP) and accounting information systems (AIS): Research on e-procurement and system integration'. Together they form a unique fingerprint.

    Cite this