Open Data Solutions and Challenges For Cloud Accounting Implementation in SMEs A Systematic Literature Review.pdf

Solutions and Challenges For Cloud Accounting Implementation in SMEs : A Systematic Literature ReviewSmall and Medium Enterprises (SMEs) frequently encounter financial management challenges due to limited resources and outdated accounting systems. Cloud accounting is seen as a promising solution, offering cost-effective, flexible, and accessible tools for managing financial data. This study aims to identify the key factors influencing the adoption of cloud accounting among SMEs, as well as its main benefits and challenges. Employing a qualitative approach with the Systematic Literature Review (SLR) method and PRISMA process, articles were sourced from five major databases: Scopus, Science Direct, Emerald Insight, IEEE, and Taylor & Francis. From an initial 28,817 articles, 28 relevant papers were selected for in-depth analysis. The findings reveal that cost savings, flexibility, and real-time accessibility are the primary benefits of cloud accounting for SMEs. However, adoption is still hindered by concerns regarding data security, dependence on stable internet connections, and privacy issues involving third parties. Recommendations include enhancing security standards by cloud service providers, government support for infrastructure and training, and transparent data management. Future research should further explore sector-specific adoption factors and effective strategies to overcome these challenges.