Enterprise Financial Management System Analysis and Design based on ERP

The majority of traditional finance management in colleges and universities is manual. This backward management mode brings a lot of inconvenience to financial processing. An essential concern in the daily financial administration of colleges and universities is how to efficiently gather, handle, and evaluate this important financial information and apply this beneficial knowledge to the daily management of colleges and universities. College and university finance administration has become increasingly complex due to the rapid growth of these institutions. The standard financial accounting management system is far from adequate for the daily needs of colleges and universities as their size grows. As a result, a new financial accounting management system for universities is being developed based on the combination of big data and blockchain data. The embedded processor, DDR2 memory chip, network interface, and USB interface are all designed by the hardware section. The software element examines the needs of university financial accounting management before designing a model based on big data and blockchain integration for university financial accounting management. Finally, the financial accounting management function module and database are designed and tested. The experimental results show that the designed financial accounting management system can effectively carry out financial management, has good performance, and has certain application value.

Purpose: The purpose of the study was to identify the factors affecting the financial management systems effectiveness in Kenyan health oriented civil society organizations.Materials and methods: The study was conducted through a cross sectional descriptive survey. The target population of the study was 1065 Nongovernmental organizations in Kenya. The accessible population refers to the 606 Nongovernmental organizations located in Nairobi County. A sample of 10% equivalent to 61 Nongovernmental organizations was selected from the Nongovernmental organizations located in Nairobi County. The respondents were financial managers in every selected Nongovernmental organization. Data was collected by use of a questionnaire and was analyzed by use of inferential and descriptive statistics. Descriptive statistics included frequencies and means. Inferential statistics included correlation, regression and ANOVA analysis. The tool for data analysis was the Statistical Package for Social Sciences (SPSS) version 20. The results were presented using tables and pie charts.Results: The study results indicated that information technology management in Nongovernmental organizations are reliable and flexible enough to support the financial management of the organization. Additional results indicated that Nongovernmental organizations had invested in a management information system which had lowered administrative costs. The usage of IT led to efficient management of processes of budget accounting. The findings imply that information technology has significant positive effect on financial management system.Recommendations: The study provided recommendations to the NGOs and other organization that ICT development should be maximized fully in the organization especially if the objective is to improve efficiency and financial management systems effectiveness. Human resource management must be fully functional in a company with continuous training of the staff to ensure up to date competences and increased knowledge in financial management. Further recommendations to the organization is to ensure that financial governance ought to be thorough throughout the company with sound rules and regulations that govern the accounting and financial sector of the organization. This will ensure timely and accurate disclosure of all financial matters regarding the corporation to the regulatory body thus showing the efficiency in financial management systems.

The goal of financial management is to manage the purchase and sale of assets, the rational financing of funds, the management of cash flow in operations, and finally, the reasonable distribution of company profits in a certain task situation, which is simply the management of the “three statements” of the enterprise. The core issue of the financial mechanism is how to choose a centralized or decentralized management model, which requires the company to consider the internal and external environment, and according to the development of the company, the quality of employees and business characteristics of various factors, in order to make the best choice of the company's financial management model. Therefore, in the context of the epidemic, this article conducts research related to the financial management of listed companies based on convolutional neural network models (radial basis neural network, generalized regression neural network, wavelet neural network, and fuzzy neural network). This article, firstly, discusses the basic theories of macro- and micro-financial management of enterprises and financial management of listed enterprises, secondly, examines the overall financial management model of listed enterprises in China through methods such as the convolutional neural network model research method introduced in this article, and then, after an overall examination and analysis of the financial management situation of X-listed enterprises, finds the macro- and micro-status quo of financial management of listed enterprises in China under the epidemic, and in the sub. On the basis of the status quo, suggestions are made to build a financial management model that combines centralization and decentralization and to build a group financial risk management system.

The agribusiness sector is a cornerstone of national and global economies, encompassing the production, processing, marketing, and distribution of agricultural goods. Effective financial management within agribusiness is critical, as it directly influences resource allocation, investment decisions, risk mitigation, and overall enterprise sustainability and profitability. This study conducts a comprehensive literature-based analysis to examine how financial management practices bridge finance and farming, focusing on cost management, working capital management, financial risk management, investment appraisal, digital finance adoption, financial literacy, and corporate social responsibility (CSR). Evidence from diverse geographic and operational contexts demonstrates that structured financial practices significantly enhance profitability, operational efficiency, and resilience in the face of seasonal cash-flow fluctuations, price volatility, and environmental risks. Cost management aligns operational efficiency with strategic financial planning, while working capital management ensures liquidity and continuity during peak production periods. Financial risk management and CSR integration mitigate exposure to market and environmental uncertainties, promoting sustainable practices and stakeholder trust. The adoption of digital finance tools and platforms further strengthens the interface between financial planning and farm operations, although constraints such as low digital literacy and infrastructure limitations persist. Moreover, financial literacy among small-scale farmers emerges as a key enabler, facilitating the effective utilization of financial tools and resources. Investment decision-making frameworks incorporating scenario analysis and real-options valuation support informed capital allocation and long-term growth. Overall, the study underscores that bridging finance and farming is operationally vital, multi-dimensional, and strategically essential for achieving sustainable agribusiness growth. Insights from this analysis inform policymakers, practitioners, and researchers seeking to optimize financial management strategies in agribusiness contexts.

The implementation of financial report management applications based on Android information technology in mosques has become a significant innovation in the application of Shariah economic law. This research investigates the effectiveness of applying this information technology in managing mosque financial reports. An experimental research method was used involving the development of a specific Android application to record and track financial transactions in accordance with Shariah principles. The results indicate a significant improvement in the accuracy, speed, and reliability of financial reporting after the implementation of this application. Furthermore, the application enhances transparency and accountability in mosque financial management, thereby reinforcing the application of Shariah economic law in the context of mosque finances. Despite some challenges in adopting this technology, such as a lack of technological understanding, the benefits obtained are considerably greater. The implications of this study suggest that the use of information technology, such as the Android application, can enhance efficiency and compliance with Shariah economic principles in mosque financial management. The application of financial report management applications based on Android information technology in mosque financial management specifically focuses on implementing Shariah economic principles. This research explores the effectiveness of Android information technology in aiding the recording, reporting, and management of mosque finances in accordance with Shariah principles. The use of information technology in mosque financial management has significant implications for enhancing compliance with Shariah economic principles. This study highlights that the application of Android software in the context of mosque finances can make a significant contribution to Shariah-compliant fund management, with the potential to improve transparency, compliance, and efficiency in mosque financial management.

Financial management, as the central link in the enterprise management chain, has emerged as a critical component in achieving the company’s strategic objectives. Businesses are transitioning from a closed to an open and scalable development model to an intensive development model, which is reflected in financial management and necessitates a growth-oriented transformation. Unreliability abounds in today’s globalized environment, from financial management-oriented accounting to efficiency accounting. In addition to general supply and demand unreliability, the high degree of complexity and increased channel unreliability make companies resist the great challenge of financial management systems’ ability to face uncertain events, corporate supply chains become increasingly vulnerable, and unreliability has become a common and indispensable phenomenon in many economic and management decision problems. Due to their high data requirements and dynamic adaptability, Markov models are used as the primary forecasting tool. They do not require a large amount of historical data, but rather a detailed analysis of the recent past. This thesis examines and resolves the issues with the current financial management system through a detailed examination of the enterprise financial management system’s reliability optimization, as well as identifying and supplying the appropriate financial system management tools for the company’s business activities. New business concepts and their advantages to management are introduced. The experimental results show that adding precision constraints to the floating-point calculation problem transforms it into an integer calculation problem, improving reliability by 0.389, demonstrating that the Markov model improves the efficiency of financial resource allocation. At the decision-making level, it provides a management platform and operational tools. As a result, research on this topic will assist businesses in developing a comprehensive business process that meets their needs and adapts to future development needs at a low cost, as well as assisting businesses in communicating with employees, external collaboration, and collaborative business between customers and partners.

The article is devoted to exploring the possibilities of applying fintech products in the implementation of corporate financial management functions. The authors identify, group, and elaborate on the functions of financial management within a company, namely: financial planning and forecasting, organization of financial flows, financial risk management, control and analysis of financial performance, management of capital and financing structure, profit management and dividend policy, ensuring the company’s financial security, optimization of tax policy, investment function, as well as the information and analytical function. A definition of fintech is proposed as an interdisciplinary field of economics that emerged at the intersection of finance and IT, integrating innovative digital technologies into financial services in order to enhance market efficiency, reduce transaction costs, develop new products, and ensure broader access to financial resources. The concepts of fintech instrument and fintech product are distinguished. A fintech instrument is considered a technology or technical solution that underpins the operation of fintech products and ensures their effectiveness, innovativeness, and scalability. A fintech product is understood as a specific type of financial service that is created and delivered through the use of modern digital technologies to meet the needs of businesses and households in financial management, capital raising and allocation, payments, or investment. This approach made it possible to identify a list of fintech products that can be applied to the implementation of each function of corporate financial management, describe their capabilities, and provide relevant examples. A matrix of advantages and risks of fintech implementation in financial management processes and enterprise operations as a whole has been developed. Finally, the Ukrainian market is analyzed to identify fintech companies offering solutions for business financial management. This made it possible to identify that domestic enterprises lack fintech products in the areas of insurance, investment implementation, and tax management

This study aims to find out the compatibility of accounting education in Saudi universities with the second standard of international education standards (IES2) issued by the International Accounting Education Standards Board (IAESB). This standard focuses on the technical competencies of a professional accountant at the initial development level. The study population consists of 26 Saudi public universities that offer a Bachelor’s program in accounting. The research is based on a descriptive approach by analyzing the content of learning outcomes in syllabus and course descriptions of courses for the accounting departments in Saudi universities. The learning outcomes of these departments are compared with those required in the IES2, and the level of proficiency required is measured using a table describing the mastery levels for the learning outcomes and the technical competence for the IES2 in order to test the study hypotheses. The results show that accounting education in Saudi universities complies with the IES2 in the courses of accounting and financial reports, management accounting, auditing and assurance, the law of regulations and business, and economics. Moreover, it aligns to some extent with the IES2 in tax courses, information technology, finance and financial management, business management and strategy, governance and risk management, and internal control. However, accounting education in Saudi universities does not comply with the IES2 in the courses of business and regulatory environment.

Small and medium enterprises (SMEs) are an important strategic sector and major economic driver for many countries in the world, particularly low-income countries, including Ethiopia. However, this sector has been facing various challenges to achieving performance growth and sustainability of which the financial management system is an indicative constraint. Thus, this write-up attempts to determine the existing financial management practices and their associated barriers that affect the soundness of the financial management practices of SMEs in developing countries. The specific objectives this review tries to achieve were to review and know the extent of financial management practice soundness among SMEs in selected developing countries; synthesize the major barriers that affect the soundness of financial management practice among SMEs in developing countries; gain insight into the gaps of the study for future research direction and develop a conceptual framework. A descriptive research design with a qualitative approach employed; secondary sources of data used and collected from published research articles from 2020 to 2024. Eleven (11) articles, two (2) MA theses, and one (1) PhD thesis selected purposefully. A meta-analysis approach adopted to investigate the patterns of empirical study findings. Besides, the literature review result showed that the financial management systems adopted by SMEs in selected developing countries were poor. In addition, reviewed literature indicates the major barriers that affect the soundness of the financial management of SMEs in selected developing countries were lack of adequate financial literacy for both managers and owners. Besides, the study found that the major gaps in the empirical study were the geographical scope gap and the methodology gap. In addition, the majority of studies conducted on the financial management of SMEs in selected developing countries did not include all financial management components. Based on the above-mentioned findings, this review concluded and recommended that the majority of SMEs operating in selected developing countries, including Ethiopia, should manage their finances in a poor manner due to the inadequacy of financial literacy skills for owners and managers. Therefore, financial skills shall be improved through conferences, workshops, and training programs. Moreover, the basic financial subjects need to be included in the lower-level education curriculum by the African countries’ ministries of education. Further, the study revealed that most of the gaps in the empirical study were geographical scope and methodology, which dropped the most important financial management proxy variables, so the forthcoming researchers could do better to study these predetermined gaps in developing countries, particularly in the Ethiopian context.

Improving Financial Management System for Multi-business Companies

The use of traditional financial statements and historical experience by enterprise managers cannot meet the needs of informationization in university financial management. Based on the research and analysis of enterprise financial data, and integrated with data mining technology this article designs a decision tree model based enterprise financial management and decision-making system. In the intelligent decision-making system, certain optimization improvements are proposed for the continuous attribute discretization method in C4.5 algorithm, adjusting the range of attribute metric information gain rate. Then, using the mean value theorem and Maclaurin approximation, the modified information gain rate equation is logarithmically simplified, and a improved decision tree model is constructed to achieve financial management and decision-making in universities. Finally, the feasibility and effectiveness of the solution are verified through the specific implementation and testing process of the system. The experimental results also indicate that the improved C4.5 decision tree greatly improves execution efficiency and reduces demand space compared to traditional classification algorithms, and it also has high comprehensive performance.

Since the 1990s, organizations have gradually become involved in the transformation of their information technology (IT) management process. In order to determine the direction of IT development in correlation with business needs, a consolidated management approach is imposed. This paper aims to provide a comprehensive assessment of the maturity level of IT management process in an organization. For this purpose, an empirical study in a Romanian public service company was done by using the benchmarking technique and Capability Maturity Model to describe the maturity level of IT management process. Four benchmarking classes, including a number of 24 benchmarks, were taken into account to focus on the main key issues - IT management strategy and IT planning; alignment of business strategy, IT strategy, organizational structure, and IT infrastructure; and information systems security management. The study reveals that the IT management process is mainly focused on technological dimension and less on the managerial one. It was observed that IT managers have a low awareness of managerial skills in planning, organizing, controlling, and leading the IT activities. Practical implication of the study presents two major issues: 1) on one hand, the need to approach a transversal vision in managing the IT process by aligning it to a complex set of choices, reflecting both a strategic and functional perspective and, 2) on the other hand, this study may be useful for managers looking to improve management of the IT department as well as the quality of their services. The study also indicates specific recommendations to refine the IT management process of Romanian companies.

This review paper explores the impact of Agile methodology on IT financial planning and project management efficiency. Agile has become a widely adopted framework in the IT sector because it can enhance project delivery timelines, improve scope management, and foster stakeholder engagement. However, the integration of Agile with traditional financial processes presents challenges, particularly in budgeting and financial forecasting. The paper examines the barriers to aligning Agile’s iterative approach with fixed financial models and discusses best practices, such as rolling-wave budgeting and continuous communication between finance and project teams, to optimize efficiency. Additionally, future trends in Agile-driven IT project management, including integrating DevOps, artificial intelligence (AI), and hybrid models, are explored as potential solutions to enhance efficiency and adaptability in IT project environments.

In the current enterprise competition, the core of the management information system is the financial management information system. Building a more comprehensive and efficient financial management information system can effectively establish a more efficient innovative enterprise and promote the transformation and development of the enterprise. This paper first designs a set of financial management system templates, including general ledger, accounts receivable, and accounts payable. Second, according to the characteristics of wireless sensor network technology, this paper proposes a financial management system based on the wireless sensor network and designs a load balancing topology control algorithm (LHTCA algorithm), which balances the energy consumption of network nodes and helps to improve the network life cycle. Finally, the management system is tested and validated. The test results show that the financial management system can realize the electronicization of financial data and paperless vouchers, improve the efficiency of financial work, and promote the sharing and integration of resources.

This study focuses on analyzing business financial accounting and management systems of indigenous businesses in Lusaka. The main objective was to assess the importance and implementation of financial accounting and management practices in these businesses. Data was collected through a questionnaire from a sample of 60 firms in Lusaka, Zambia. The findings revealed that a significant majority (approximately 95%) of the respondents maintained financial records for their businesses, highlighting the importance of this aspect in their operations and showcasing their commitment to financial diligence and responsibility. Businesses with higher financial literacy levels were more likely to adopt technology, implement better accounting practices, and achieve improved financial performance. However, attention must be given to the minority (approximately 5%) of businesses that reported not keeping financial records, as this may affect their financial stability and credibility. Encouraging them to adopt better financial practices through educational programs is crucial. Regarding budgeting practices, businesses tended to conduct less frequent budget reviews, with a smaller percentage opting for monthly reviews. Encouraging businesses to diversify their expense tracking methods, including using accounting software, can improve financial monitoring. The study highlights the significance of maintaining proper financial records for informed decision-making, compliance with legal requirements, and overall financial transparency. Additionally, it emphasizes the positive impact of financial literacy on various aspects of business performance and practices. The findings on business management systems indicate a wide range of opinions among respondents. While satisfaction levels were generally high, some expressed poor satisfaction, indicating room for improvement. Ongoing monitoring and enhancements to these systems can foster better operational efficiency. Furthermore, correlation analyses emphasize the importance of financial literacy in achieving positive outcomes in technology adoption, accounting practices, financial performance, and management strategies. To improve financial accounting and management practices among businesses in Lusaka, recommendations include promoting financial literacy, encouraging financial record-keeping, supporting technology adoption, implementing regular budget reviews, diversifying expense tracking methods, addressing challenges through training and support, continuously improving business management systems, fostering collaboration, supporting access to financial capital, and considering policy frameworks to incentivize best financial practices.