The use of Enterprise Resource Planning systems in controlling for business performance improvement

Abstract

The present dynamic or even turbulent market environment requires fast managerial decision-making and the most accurate prediction of future development. Controlling or managerial accounting are corporate resources that should provide the necessary information on the basis of which the managers will be able to make their decisions. Early information at the relevant quality is a basis for successful management and operation of an enterprise and may even become a significant competitive advantage. The correct and precise function and operation of controlling considerably affects the present as well as the future performance of an enterprise and may even lead to its improvement. Enterprise information systems represent an essential source of information for efficient work of controllers and analysts. The study is aimed at the use of ERP systems in the field of controlling and determination whether their use influences the business performance of an enterprise in a positive way. Because of the constantly increasing importance of controlling, a research was implemented back in 2014 in order to map what ERP systems are used by companies and how these systems support the controlling function in the company.