Abstract
Access to financing is still one of the greatest obstacles facing Small and Medium Enterprises (SMEs) all over the world and prevents them from developing. Because a large percentage of these projects fail/stumble and go bankrupt, due to failures in their financial management and assets management decisions. SMEs do not only play an important role in the global economy but also it is one of the sources of social stability and an effective role in a country’s economy. The previous researches indicate that BI systems are mainly applied in large enterprises, but using BI in SMEs is very rare. Thus, to enhance financial decisions, the study uses various ICT tools such as business intelligence (BI). This research develops a Financial Stumbling Detection (FSD) Model using BI that can help SMEs stakeholders in taking the proper financial decisions. The FSD model identifies the initial stumble/defect in SMEs, by using some financial ratios. And it was created relying on Design Science Research (DSR) methodology. The results of using BI in SMEs give the necessary insight into a business's financial data, and highlight if the business is heading for a financial crisis and potential failure.
Highlights
Nowadays Small businesses are the main pillar of economic development in Egypt, and a strategic goal adopted by the Egyptian state, because of its vital role in the development and reducing unemployment, so the orientation of medium, small and micro business has become the largest engine for economies to achieve sustainable development
Design Science Research (DSR) Methodology was the underlining research methodology followed in the large study [21] [22], which followed in this study
The knowledge gained throughout accumulative stages in DSR laid the foundation for understanding the analysis of requirements for creating the suggested Financial Stumbling Detection (FSD) Model
Summary
Nowadays Small businesses are the main pillar of economic development in Egypt, and a strategic goal adopted by the Egyptian state, because of its vital role in the development and reducing unemployment, so the orientation of medium, small and micro business has become the largest engine for economies to achieve sustainable development.In Egypt, there are nearly 2.5 million SMEs that secure about 75% of total job opportunities and represent around 99% of the non-agricultural establishments of the private sector [1], According to Fifth Economic Census (2017/2018), the number of SMEs in Egypt increased to 365.3 million establishments in the last 5 years. Our economy needs a prosperous and attractive to be developed for improving investment, increasing productivity, enhancing competitiveness, and shifting from consumption to production This is required to increase the number of small and medium enterprises, encouraging young people for entrepreneurship, stimulate innovation and creativity, to focusing on industrial and technological sectors instead of all domestic projects for commercial areas. This service is creating a kind of repetition that is not attractive because diversity is important for progress and achieving economic development
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