Cloud-Based Accounting Solutions for Social Business: Cost Efficiency and Transparency Analysis in Grameen Bank

Abstract

The article goes on to say that cloud solutions can help people understand data, such as loans and donations, and make it less likely that principals and agents will argue. To do this, they use new ideas from accounting, like information asymmetry and agency theory. These are the most important things: How to make money: Operational expenses (OPEX) are lower than capital expenditures (CAPEX) when it comes to IT equipment, maintenance, and hiring IT professionals Ideas: The report indicates that Grameen Bank should move to the cloud in stages and employ a mix of public and private clouds. The main goal of this strategy is to set up a private cloud ERP system to manage its main microloan portfolio. Grameen Bank's use of cloud-based accounting software is more than just an upgrade; it's a strategic technological innovation that will help the bank's financial stability.