The importance of automated accounting information system in raising the competitive advantage.

Abstract

The accounting and financial information resulting from the application of any accounting system allows to speed up the pace of work and processing without the intervention of any person. Therefore, setting special standards for processing accounting and financial information in an automated manner that allows institutions to communicate documents and information in a proper manner, and to make them available to everyone in a timely and appropriate manner, which allows developing an organizational strategy capable of competing in a dominant competitive market, as well as providing auxiliary options for the institution.