Impact of Cloud Accounting on Organisational Productivity of Some Selected South-West Beverages Companies, Nigeria

Cloud accounting has emerged as a transformative financial management tool, offering real-time data access, automation, and cost efficiency for modern businesses. This study examines the effect of cloud accounting on organisational productivity in selected South-West beverage companies in Nigeria. The research investigates how cloud-based financial systems impact operational efficiency, financial performance, and decision-making processes compared to traditional accounting methods. A descriptive and causal research design was adopted, utilizing a quantitative approach.. Data were collected through structured questionnaires and tested for reliability by Cronbach’s Alpha. They were distributed to finance managers, accountants, and IT personnel in five (5) selected beverage companies. A stratified random sampling technique was used to ensure diverse representation. Taro Yamane (1967) was adopted to select sample size of 20 respondents. The study applied descriptive statistics, regression analysis, and comparative t-tests to evaluate the relationship between cloud accounting adoption and productivity metrics such as cost reduction, time efficiency, and financial reporting accuracy. Findings revealed that there was strong positive relationship between the variables – Cloud Accounting Adoption and Employees Productivity – Pearson’s r = 0.78 at p < 0.01. Cloud Accounting positively influences decision making processes, β = 0.65 at p < 0.05. Also Companies using cloud accounting report higher efficiency, t = 3.78, p < 0.01. Comparative analysis of the two accounting methods shows a significant difference in their effectiveness in operational performance, t = 4.21, p < 0.01 and that Cloud Accounting contributes 35% more to Productivity. In essence, Cloud accounting outperforms traditional methods in speed, accessibility, security, and scalability. Unlike traditional accounting, cloud-based systems allow multiple users to access financial records simultaneously, automate tax calculations, and integrate with other business systems The study concludes that cloud accounting is a critical driver of organisational productivity in the beverage industry, recommending increased investment in secure cloud infrastructure and staff training for optimal utilization. Further research is suggested to explore industry-specific challenges and long-term financial sustainability of cloud accounting adoption.