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
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Abstract
The general objective of the study was to examine the impact of the use of computerized 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.
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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
Computerized Financial Information Systems, Financial Performance, Microfinance Institutions
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