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ISSN 2063-5346
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Design of Financial Management System

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Dr Khedkar Eknath Balu,Dr Khedkar Chetan Eknath
» doi: 10.48047/ecb/2023.12.si4.1570

Abstract

Financial management systems are currently being used at several colleges. The university's use of the financial management system has led to the best outcomes possible in terms of developing financial plans, enhancing financial control, and enhancing the effectiveness of financial management. A university's sound and long-term growth is inextricably linked to scientific financial management practises. The use of financial management tools is a practical technique to raise the level of financial management given the rapid advancement of computer technology. The financial management system is integrated with computer network technology in the article. Data recording and data statistics presentation are specified as the primary functions of the system's financial management and accounting management components. The financial management system replaces the conventional manual financial mode and integrates the university's financial management with industrial informatization to realise the computerization of accounting. The results demonstrate that the changed system has greater average response times, data throughput per second, and requests per second than the traditional system that has not been modified, and the ratio is around 5% higher. This demonstrates how the financial management system created by computer network technology may have an impact on how the university is run.

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