How does integration of components in a financial management system lead to paperless workflows?

What will be an ideal response?

Integration among the modules involves linking the various financial modules; for instance, the details from accounts receivable and accounts payable transactions should automatically update the general ledger. Such integration of the various components of the financial system allows all the staff to have real-time access to the same underlying information.
For example, an employee can use online shopping carts to generate procurements from established vendors and route their requests to supervisors for approval, after which the electronic order goes directly to the supplier. The software builds online, interactive forms so staff can make corrections along the way, with customized workflow tables that determine the routes. This results in a streamlined and paperless workflow in an organization.

Business

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Which of the following is an outcome of a high performance work system?

A. higher productivity B. decreased product quality C. employee turnover D. decent customer satisfaction E. meeting basic goals

Business

Unethical business practices involve the tacit, if not explicit, _____________

Fill in the blank(s) with the appropriate word(s).

Business