Electronic document management and electronic reporting: development trends in accounting

15 years ago it was hard to believe that paper documents will lose their relevance. But the era of paper passed, came the age of electronic documents. The development of the Internet accelerates the process of organization management and electronic reporting is only the beginning. More and more customers prefer to switch to electronic document management to interact with regulatory agencies and contractors. A few years ago the idea of Deposit accounts in electronic form was new and innovative. To date, we can talk about the market of software products designed for the delivery of the reporting in electronic form. Like any market, it can offer the customer a choice, due to the demand and opportunities to manufacturers. What is an electronic document management system? What is its role and importance in the management of the company? What are the advantages and disadvantages of electronic reporting? The answers to these questions in detail in this article.