IMPLEMENTATION OF INTERNAL CONTROL PROCEDURES THAT ENABLE COST SAVINGS IN DEALING WITH THREATS CYCLES : REVENEU CYCLE: TRADIONAL VS DIGITAL ACCOUNTING INFORMATION SYSTEM ERA IN PHARMACEUTICAL SECTOR

Abstract

One of the applications of AIS is enterprise resources planning (ERP) in the e-revenue cycle where sales orders are needed CRM and SFA software serves for a more comprehensive analysis of receivables (not traditional), Internet Based Service in Credit Approval functions to reduce credit risk automatically. WMSs function to monitor the movement and storage of materials in the warehouse, and track the delivery of goods by using Web based tracking, EIPP and EBPP are web-based innovations to streamline the internet-based billing and payment processes. Online receivable service serves to automate the entire billing process. The e-revenue cycle has implications for internal control procedures with supervision carried out using electronic-based approach. The trend of ERP development in the future is towards BPMSs.