Driving sustainable financial management: An investigation of factors influencing the use of digitals technologies by MSMEs

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Abstract

Following the rapid growth of technology, accounting information systems are also expanding. It is now possible to digitally generate financial reports or records that are part of an accounting information system using specific software. A financial accounting application can fully, rapidly, accurately, and comprehensively automate bookkeeping (Putri, Amrulloh, et al., 2023; Mahardhika, 2019). This study examines the impact of usefulness, ease of use, and compliance on the actual use of financial apps using a methodology based on the Technology Acceptance Model (TAM). Google Forms were utilized to conduct an online survey for data collection. The research sample consisted of 123 participants. The respondents are Indonesian micro, small, and medium-sized companies (MSMEs). This investigation employs a structural equation model (SEM). The study’s findings indicate that ease of use and compliance have a favourable and significant impact on the actual use of financial applications. In the meantime, usefulness benefits finances but is irrelevant to the application’s real use. Thus, it is possible to conclude that these findings help elevate the significance of MSME perspectives about using financial reports apps. In terms of applying financial reports applications, the research concludes with findings that can significantly influence and pave the path to a sustainable future.

Keywords: Actual Usage, Financial Report, Micro, Small, and Medium-Sized Companies (MSMEs), Technology Acceptance Model (TAM)

Authors’ individual contribution: Conceptualization — R.R., N.A.R., and R.S.; Methodology — R.R. and N.A.R.; Software — R.S.; Validation —R.R. and N.A.R.; Formal Analysis — R.R.; Investigation — R.R. and N.A.R.; Resources — R.R. and N.A.R.; Data Curation — R.R. and N.A.R.; Writing — Original Draft — R.R.; Writing — Review & Editing — R.R., N.A.R., and Z.A.; Visualization — R.R., Supervision — Z.A.; Project Administration — R.R.; Funding Acquisition — R.R., N.A.R., and R.S.

Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

JEL Classification: M1, M13, M15

Received: 25.05.2023
Accepted: 11.04.2024
Published online: 15.04.2024

How to cite this paper: Ramayanti, R., Rachmawati, N. A., Setiawan, R., & Azhar, Z. (2024). Driving sustainable financial management: An investigation of factors influencing the use of digitals technologies by MSMEs. Journal of Governance & Regulation, 13(2), 76–85. https://doi.org/10.22495/jgrv13i2art7