Yunfin, Meidarina and Adiwinatha, Leo and Muhammad Fahmi Fauzi, Mas Agus and Altin, Darus (2023) Utilization of Technology in Financial Management has Positive Impact on the Results of Sales of MSMEs in South Bangka. In: 8th International Case Study Conference, 30 August-1 September 2023, Ibis Melaka Hotel, Bandar Melaka, Malaysia.

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Abstract

The objective of this study is to assess the utilization of technology among micro, small, and medium enterprises (MSMEs) located in South Bangka. Technological advancements have positively influenced the financial management of MSMEs in Indonesia, making it easier and more efficient. Several benefits arise from the integration of technology into MSME financial management. The qualitative method is employed to conduct this study. The data collected and analyzed in this research are derived from a sample of 30 MSME participants in South Bangka. The findings reveal that a majority of MSMEs have incorporated technology in their operations, primarily for sales transactions, while other aspects such as human resources, accounts payable, inventories, production costs, and miscellaneous expenses continue to be managed manually. Among the financial technologies widely adopted by MSMEs in South Bangka, QRIS stands out as the prevailing option. QRIS is easily accessible to the local population of South Bangka, especially those who possess bank accounts. Its introduction has significantly contributed to enhanced sales for MSMEs in South Bangka, reflecting the shifting trend from cash to digital payments within the local community. That technology plays a crucial role in the financial management of MSMEs in Indonesia. Incorporating technology can significantly enhance the efficiency, transparency, and profitability of MSME enterprises. Consequently, it is imperative for MSME entrepreneurs in Indonesia to leverage technology in order to bolster their financial management processes. The study authors compiled a list of 20 indicators to test their hypotheses. Several pilot studies were conducted with MSME participants to refine the selection of variables. The survey utilized a Likert scale ranging from "strongly disagree" to "strongly agree," with each point indicating a different level of agreement. Therefore, it can be concluded that the variables, Technology Utilization and Financial Management, have a joint impact on Sales Results.

Item Type:	Conference or Workshop Item (Paper)
Uncontrolled Keywords:	finance, technology, MSME, QRIS
Subjects:	H Social Sciences > HG Finance
Divisions:	Institute for Management and Business Research (IMBRe)
Depositing User:	Mrs Nurin Jazlina Hamid
Date Deposited:	21 Mar 2024 08:32
Last Modified:	21 Mar 2024 08:32
URI:	https://repo.uum.edu.my/id/eprint/30612

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