Financial & Accounting Systems (April 2002) Summary
Financial and accounting systems play a curious role in an economic downturn: companies use them to gain the management information that is likely to encourage their managers not to invest in new IT systems, including financial and accounting ones.
That produces a contradictory requirement: to keep the financial systems working well, but minimise the investment until the economy picks up.
As a result, our research article shows that many organisations are getting into the habit of tweaking their F&A systems, introducing piecemeal upgrades without lavishing large upfront capital on major system replacement projects.