RESEARCH BACKGROUND

Researchers, because of few problems and opportunities, are put into distinct actions, hence
the problem of research is the starting point of the study. The possible impacts of using the
software of accounting in field of banking in this research would be considered. In research
of Tanis and Dalci (2004), company cases are shown by literature whose performance gets
improved by using accounting software and resource planning (Tanis and Dalci, 2004). In the
sector of banking the connectivity is an important issue. According to Garg (2013) the
partners have several branches; therefore organisations are facing issues for linked
accounting services or activities (Garg, 2013). The accounting software offers integrated
approach for doing revenues and costs’ accounting. Therefore, the breakages caused
inefficiencies occurring in procedures of accounting get minimized. In the result, by
examining the impact of using software of accounting in banking sector, and enhancement in
performance, the research aim is to provide the best tools and information to the management
(Ware, 2015; Sundar and Seethamraju, 2013).

QUESTIONS AND AIMS OF RESEARCH

This study’s objectives provided appropriate direction to the study. The main cause is that
they intricate the research aim. Therefore, this study would take guidance from the set
questions and objectives.

INVESTIGATE THE ACCOUNTING

SOFTWARE INFLUENCE ON BANKING
SECTOR: WESTPAC BANK CASE
1. INTRODUCTION
In information technology the advancements has led towards establishing different software
of accounting that allow the organisations to record and monitor accounting transactions in an
effective way. Moreover, there has been also a constant increase in globalization levels that
has directed towards an improvements in the data and information related requirements of the
companies. According to King and Ismail (2005), the efficient accounting information
statement use enables the companies to gather the information, which enables them to take
correct decisions (King and Ismail, 2005). The level increase in this case has enables the
organisations to function within distinct states that has led towards tax and accounting rules’
increase, which are to be measured by the organisations as well as currency fluctuations
(Fadzilah, 2017). According to Adhikari et al (2004) the companies as a result have started
increasingly using the software of accounting to manage and assess the complex and intricate
accounting problems that are confronted currently by the organization (Adhikari, et al. 2004).
The main aim of following paper is to examine the different and common themes, which
prevail within articles of journal under this study and also the managerial implications related
to this research. Moreover, it also examines the future study opportunities and restrictions of
these studies.

2. COMMON THEMES
2.1. IMPROVED DATA MANAGEMENT
It was indicated by all the studied articles that accounting software use enables the
organisations to manage and collect the enhanced and effective data levels. By the help of
same software deployment, this data could be converted also into the intelligence
information. The companies, as a result, could enhance the overall accuracy and quality of
their decisions (Sumra et al., 2011; Fadzilah, 2017; Urquía Grande, et al. 2011; Sundar and
Seethamraju, 2013).

2.2. COST REDUCTION

In all the articles studies another important point that was present and that supported
accounting software implementation within the organisations, specified that such software
use could enable the organisations to decrease their cost through encouraging and triggering
business procedure improvement. Specifically this holds true because these software enable
the organisations to differentiate between low cost and high cost procedures and also prompts
them to imitate more effective ways of doing functions over all business (Sumra et al., 2011;
Fadzilah, 2017; Urquía Grande, et al. 2011; Sundar and Seethamraju, 2013).

2.3. SUPPORTING GROWTH OF BUSINESS

The other common and important theme, which conquered among all articles, which were
researched for the objective of this study is fact that accounting software use has ability to
support the business growth. This argument depend on fact that extension and enhancement
of the organisation’s operations need them to involve in more complicated financial and
business transactions. However, the accounting software deployment confirms that
organisations are in good position to handle intricacies of accounting that stalk from their
growth and expansion (Sumra et al., 2011; Fadzilah, 2017; Urquía Grande, et al. 2011;
Sundar and Seethamraju, 2013).

2.4. IMPROVED PERFORMANCE

Under this research the articles reviewed put forward the fact that accounting software use
make support the companies’ overall performance. This is due to the reason that it enables
wastages and redundancies’ identification (Fadzilah, 2017). Moreover, also it permits the
areas identification that leads towards repetition effort, hence increasing the organisation
efficiency and overall performance. Finally, through improving the information transmission
and transparency levels, the software have a vital role in improving development and growth
within the organisations and also that improve their performance too (Sumra et al., 2011;
Fadzilah, 2017; Urquía Grande, et al. 2011; Sundar and Seethamraju, 2013).

3. DIFFERENT THEMES
3.1. RISK PROFILE ENHANCEMENT OF THE ORGANISATIONS
Sumra et al (2011) researched that accounting software use enable the organisations to
improve the profile of their risk by reducing main risk factors by implementation of
automated and better monitoring and control processes. As an outcome, not only human error
propensity reduces but it also reduced the fraud chances at employees’ end. Moreover, also
there is a decrease in data manipulation degree as well (Sumra et al. 2011).

3.2. AGILITY OF BUSINESS BY INCREASED VISIBILITY

The research assessment of Sundar and Seethamraju (2013) specified that accounting
software use enables the companies to improve overall information transmission and
visibility that is present within the company. As a result, this leads towards improvement in
business agility levels (Urquía Grande, et al. 2011). This is due to the reason that companies
that become well assimilated better identify the opportunities and problems in a futuristic
way and also take active steps for ensuring that these are exploited and managed in a
successful and effective way (Fadzilah, 2017).
 3.3. RELIABILITY AND EASE OF USE
Fadzilah in year 2017 conducted a research which highlighted that technology advancement
has led towards increase in ease by which software of accounting could be used by workers.
As a result, this decreases the advanced and technical skills’ amount that was needed to
operate this software in efficient way (Urquía Grande, et al. 2011). And moreover, it ensures
that training costs related to the software are evidently reduced. There has been also an
improvement in reliability related to the software, coupled with this technology sophistication
engaged, hence the reporting and data management done by software is observed as accurate
and appropriate (Fadzilah, 2017).

3.4. ENHANCED COOST TO PERFORMANCE RATIO

Urquía Grande, et al. (2011) research has raised the argument that accounting information
software’s performance ratio price of is high, which means that as compared to the benefits
provided by these software, the company incurred costs on implementation and purchase of
such software is low. The benefits, in this case might extend up to the improved profitability,
improved return on investment and better productivity. In any other studies such arguments
were not focused (Sumra et al. 2011).

4. MANAGERIAL IMPLICATIONS
The below mentioned managerial implications on above mentioned analysis basis, have been
recognized:

 It must be ensured by management that monitoring and control features of software

must be extensively used. This is due to the cause that such functions have a vital
role in confirming that overall company reputation is improved and risks are
effectively managed.
 The accounting software’ cost efficiency function must be capitalized to ensure that
improved performance ratio price is attained by the management related to the
software.
 The data formed by the software of accounting must be organized in intelligent
information form so as to confirm that effective and rational decision making is
endorsed throughout the companies.
 It is important that effective information transmission is allowed by the management
of the company by accounting software to enhance business agility effectively.
 5. LIMITATIONS OF THE STUDIES AND FUTURE
RESEARCH
Article Opportunity for Future Limitation
Research

Fadzilah (2017) A study emphasizing on any Any specific industry is not

specific market could offer the targeted by the research; thus
investigators with more visible the results were broad and very
outcomes on the subjects under general with no particular
observations. implications.

Urquía Grande, Pérez Study depends on primary data Only secondary data is used by
Estébanez and Muñoz mixed with small sized this research. Moreover, from
Colomina (2011) companies’ incorporation and medium sized organisations
could produce more exhaustive only the data was gathered,
outcomes. therefore sample was biased.

Seethamraju and Sundar A study tested by the The study was depend on the
(2013) sophisticated statistical software qualitative method, so the
use, and based on quantitative subjective bias probability is
data could offer the future very high. The participant’s
investigators with more cooperation degree is not very
accurate and effective consistent in this type of
conclusions. studies. Therefore, in the data,
inaccuracy might also present.

Sumra et al (2011) A sophisticated quantitative In nature this study is

assessment is incorporated by qualitative and it lacks the
this study and it could add to empirical facts and evidences
the accuracy of the findings as a required to improve the
whole. accuracy of data as a whole.