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VOL. 11, ISSUE 8 (2025)
An analysis of the challenges faced by companies when implementing modern accounting systems in Indian Market
Authors
Puja Kumari, Dr. Anupam
Abstract
Modern accounting systems have revolutionized
the way businesses manage their financial data and operations. However, despite
their numerous benefits, companies often face significant challenges when
implementing these systems in the Indian market. In this paper, we aim to
provide a comprehensive analysis of these challenges and how they affect
companies’ implementation of modern accounting systems. One of the main
challenges faced by companies is adapting to changing regulatory requirements.
The Indian market has seen several changes in its tax laws and reporting
standards in recent years, making it difficult for businesses to keep up with
compliance requirements. This poses a major hurdle for companies trying to
implement modern accounting systems as they must ensure that their system
complies with new regulations while also integrating it with existing
processes. Another major challenge is the lack of skilled professionals who can
effectively use and maintain modern accounting systems. India's education
system does not focus on equipping students with relevant skills needed to
operate advanced technology-based software like ERP or cloud-based accounting
solutions.
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Pages:228-231
How to cite this article:
Puja Kumari, Dr. Anupam "An analysis of the challenges faced by companies when implementing modern accounting systems in Indian Market". International Journal of Commerce and Management Research, Vol 11, Issue 8, 2025, Pages 228-231
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