Enterprise resource planning systems could transform management accounting for publicly listed firms, according to research in the International Journal of Economics and Business Research. The focus of the work is on Ho Chi Minh City, Vietnam, and offers both practical insights for business leaders and a broader perspective on digital transformation that could apply to other emerging markets.
Vietnam, as with many emerging markets, is undergoing rapid digital transformation. Listed companies in Vietnam are particularly relevant subjects due to their visibility, regulatory obligations, and the growing need for transparency.
Tran Thi Phuong Lan and Duong Thi Thuy Lien of the University of Finance-Marketing in Ho Chi Minh City, explains that enterprise resource planning systems are integrated software platforms that bring together various business functions ranging from finance and human resources to procurement and supply chain management. This integration into a centralised digital framework allows real-time data sharing and more coordinated workflows among company departments. For management accountants, this means a shift away from traditional, manual data processing towards a more strategic, analysis-driven role.
The research focuses on management accounting practices, internal methods and tools used by firms to assess financial performance, allocate resources, and support strategic decision-making. The efficiency of such practices is crucial to a company’s long-term viability. In Vietnam, where companies face increasing pressure to meet global standards, enterprise resource planning systems will help them modernise their internal processes.
The team found that the key to successful implementation of enterprise resource planning is strong commitment from senior management. Companies where leadership actively supports the rollout of these systems through resource allocation, clear goal-setting, and cultural endorsement are far more likely to see improvements in management accounting practices. The researchers add that other influential factors, such as the quality of the used software, vendor support, adaptability of the organisational structure, and incorporation of complementary technologies are also important to success.
Lan, T.T.P. and Lien, D.T.T. (2025) ‘Factors affecting management accounting practices under mediating role of enterprise resource planning system: case in Vietnam’, Int. J. Economics and Business Research, Vol. 29, No. 13, pp.29–49.