Abstract
This study aimed at studying the impact of the MIS on financial management, as well as analyzing the effectiveness and efficiency of the MIS in financial management in business organizations. The study was performed in more than forty manufacturing companies in four districts, namely Pune, Aurangabad, Jalgaon and Dhulia in India. Companies’ managers were selected to expose their views to describe the awareness of the MIS and its impact on financial management. Quantitative method was the appropriate technique for this study and the questionnaires were employed for data collection. Furthermore, data was statistically analyzed using MANOVA and Univariate ANOVA test. Based on the study findings that reveal the necessity of implementing the MIS to manage the financial transactions, it was recommended that companies should take data entries of financial management into consideration while developing the MIS and several reports should be generated to provide adequate information for effective decision making. This study will assist financial managers in running business effectively in organizations.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
