The effect of computerized financial information systems on the financial performance of microfinance institutions in Bukedea District. a Case study of Kaleli Sacco.
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Date
2019-09
Authors
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Journal ISSN
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Publisher
Kampala international University college of economics and management
Abstract
The general objective of the study was to examine the impact of the use of computerised
financial information system on the financial performance of Microfinance institutions and
the specific objectives of the study were to determine the effect of data processing on the
performance of Kaleli SACCO, Bukedea district,to find out the impact of accounting
software on the performance of Kaleli SACCO Kaleli SACCO,Bukedea district and to
identify the effect of data storage on the performance of Kaleli SACCO, Bukedea district.
The findings of the study revealed that data processing improves on the financial
performance of microfinance institutions by 77,4% basing from the average index of 3.87 and
it was further evidenced by the respondents agreeing to most of the statements that were used
to measure this objective except that 80% of the respondents revealed that computerized data
processing is not User friendly. The findings of the study also showed that computerized
accounting software improves the financial performance of microfinance institutions by
83.8% basing from the average index of 4.19 and 70% of the respondents rejected the
statement that the institution uses various accounting software. More so, the findings of the
study in table 4.8 show that data storage improves the performance of microfinance
institutions by 87.2% basing from the average index of 4.36. The study further revealed that
not all the data is stored in the system as this was evidenced by 84.4% of the respondents who
revealed that not all the data is stored in the system.
The study recommended that the institution should adopt computerized data processing
systems that are user friendly as 80% of the respondents revealed that computerized data
processing is not User friendly, the institution should use various accounting software as 70%
of the respondents rejected the statement that the institution uses various accounting software.
Using various software enables workers to choose the one they are convenient with for proper
performance and also the study recommended that the management should ensure that all the
data is stored in the system as it improves the financial performance by 87.2% since 84.4% of
the respondents revealed that not all the data is stored in the system.
Description
A Research Report Submitted To The College Of Economics And Management In Partial Fulfillment Of The Requirements For The Award Of The Bachelors In Business Administration Degree Of Kampala International University.
Keywords
Financial Information Systems, Financial Performance, Micro finance Institutions