Jayapura, Papua – The Role of
Financial Technology in Improving the Financial Management Efficiency of Modern
Companies. This research was conducted by Preatmi Nurastuti, Wiliam S. Limoa,
Agus Arman, and Farida Ayu Brilyanti in a scientific article published in the East
Asian Journal of Multidisciplinary Research (EAJMR) in February 2026.
Research conducted by Preatmi
Nurastuti, Wiliam S. Limoa, Agus Arman, and Farida Ayu Brilyanti revealed that
the use of financial technology (fintech) significantly accelerates financial
processes, strengthens operational cost control, improves the accuracy of
financial statements, and encourages the quality of managerial decision-making
in modern companies.
Digital
transformation changes the role of finance divisions
The research
team found that the integration of digital payment systems, system-based
reporting, and real-time financial analytics was able to cut down on manual
work stages that had been slowing down the process.
The regression
coefficient shows the positive and significant influence of fintech on:
- Financial process speed (coefficient 0.421;
significant 0.000)
- Operational cost control (coefficient 0.367;
significant 0.002)
- Accuracy and reliability of financial statements
(coefficient 0.489; significant 0.000)
- Quality of managerial decision-making
(coefficient 0.402; significant 0.001)
Of all
indicators, the improvement in the accuracy of financial statements is the most
dominant impact. Digital systems are proven to reduce recording errors, improve
data consistency, and speed up the reporting cycle. Simultaneously, fintech was
able to explain 43.7% variation in the efficiency of a company's financial
management (Adjusted R² = 0.437). This figure shows a strong contribution to
improving internal financial performance.
Increased
cost efficiency and transparency
The study also
shows that digital financial systems allow for real-time cost monitoring.
Companies can identify potential wastes faster and control administrative costs
systematically.
Automation of
accounting processes reduces reliance on manual work that is prone to errors
and delays. The impact is not only on time efficiency, but also on financial
discipline and internal transparency.
According to
the researchers, companies that consistently adopt fintech have better
operational resilience and financial flexibility than companies that still use
conventional systems.
More
rational and data-driven decision-making
The
availability of real-time financial data strengthens management's ability to
respond to market changes. Decisions are no longer based on intuition alone,
but on integrated and verified information.
This
transformation transformed the financial function from an administrative role
to a strategic partner of management. The finance division now plays a role in
the planning, risk evaluation, and growth strategy of the company.
However, this
study also notes that the effectiveness of fintech is highly dependent on human
resource competence and management's strategic understanding of digital technology.
Challenges
of adoption in Indonesia
In the
Indonesian context, the adoption of fintech at the enterprise level still faces
a number of obstacles, including:
1.
The digital competence gap of HR
2.
Not yet optimal system integration
3.
Lack of strategic understanding of technology
4.
Cybersecurity readiness
Therefore,
digital transformation is not enough just with technology investment, but must
be accompanied by training and strengthening governance.
Implications
for business and policy
The results of
this study provide a clear message for business actors and policy makers. The
digitalization of the financial system has been proven to improve efficiency,
transparency, and quality of decision-making.
Some of the
strategic steps recommended by the researcher include:
1.
Investment in ERP systems and digital accounting
integration
2.
Strengthening digital literacy for managers and
finance staff
3.
Standardization of digital-based governance
policies
4.
Strengthening data security and risk management
systems
Digital
transformation in the financial sector is an important foundation for corporate
competitiveness in the digital economy era.
Author
profile
1.
Preatmi Nurastuti– Universitas Pelita
Bangsa.
2.
Wiliam S. Limoa– STIE Nusantara Makassar.
3.
Agus Arman – STIE Nusantara Makassar.
4.
Farida Ayu Brilyanti– National
Development Planning Agency (Bappenas).
Research
source
Nurastuti, P., Limoa, W.
S., Arman, A., & Brilyanti, F. A. (2026). The Role of Financial
Technology in Improving the Financial Management Efficiency of Modern
Enterprises.
East Asian Journal of
Multidisciplinary Research (EAJMR), Vol. 5 No. 2, pp. 781–794.
DOI: https://doi.org/10.55927/eajmr.v5i2.38
Official URL : https://journaleajmr.my.id/index.php/eajmr
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