Factors influencing the adoption of cloud-based accounting softwares in Malaysia

This thesis investigates the factors influencing the adoption of cloud-based accounting software in Malaysian organizations. With the advent of cloud computing, traditional accounting practices have undergone significant transformations, offering enhanced accessibility, cost efficiency, real-time data processing, and scalable storage solutions. Despite these advantages, the adoption of cloud-based accounting software is influenced by a myriad of factors. This study aims to identify and analyze these factors using a robust methodological framework. The research employs a quantitative approach, utilizing a structured questionnaire distributed to accountants across various industries in Malaysia. The study sample consists of 194 respondents, providing a comprehensive demographic profile. Key factors examined include cost, security concern, top management support, technology readiness, competitive pressure, complexity, and compatibility. The findings reveal that compatibility and complexity are the most significant predictors of cloud-based accounting software adoption. Compatibility ensures seamless integration with existing systems, while complexity addresses the need to simplify intricate accounting processes. Other factors such as cost, security concern, top management support, technology readiness, and competitive pressure, though positively correlated with adoption, do not show significant impacts in the regression analysis. For organizations, the emphasis should be on selecting software that integrates well with existing systems and simplifies complex processes. Software providers should focus on enhancing compatibility and user-friendliness, while policymakers should create supportive regulatory environments and provide incentives for adoption