Planning the use of financial information systems and their impact on the profitability of microfinance institutions

Abstract

The aim of our research is to study the concept of financial information systems, highlight the great importance of using financial information systems within different business organizations, in addition to showing the importance of proper planning for the use of financial information systems on the profitability of microfinance institutions. The questionnaire method was used and a sample of 50 employees was selected and by the simple random sampling method, where the study was carried out on this sample and the results were circulated to the rest of the community. Our research reached a number of results, the most important of which are: 1. Financial information systems are of great importance and intrinsic to the work of various business organizations. 2. Financial information systems reduce the percentage of waste in the work of the microfinance institution, saving many unnecessary costs during the work of the organization. 3. Financial information systems enable the microfinance institution to obtain accurate information of high quality and in a timely manner. 4. Financial information systems assist in the planning necessary to make various financial and administrative decisions within microfinance institutions. 5. Information systems have a key role to play in increasing the profits of microfinance institutions and improving their financial position