Electronic Financial Management and Its Impact on the Effectiveness of Financial Operations

Abstract

This study aimed to describe electronic financial management, its components, and to identify its significance in institutional operational processes. It further sought to analyze the impact of electronic financial management on the Effectiveness of financial operations. The research adopted a descriptive-analytical methodology. Statistical analyses revealed a statistically significant positive impact of the study variables on financial Effectiveness. The correlation coefficient (R) across all dimensions indicated positive effects ranging from moderate to strong. The study recommends promoting automation and digital transformation in financial institutions, as analysis confirmed a positive impact on financial Effectiveness — underscoring the critical role of digital technology in enhancing financial performance.