INTEGRATED FINANCIAL MANAGEMENT INFORMATION SYSTEM AND FINANCIAL PERFORMANCE OF MOMBASA COUNTY GOVERNMENT, KENYA
Abstract
The research examined the influence0of0integrated0financial0management0information system of Government of Mombasa County performance in Kenya. The specific objectives were to determine the impact of budget plan, process of procure to pay, financial reporting and Information communication technologies to support Mombasa County Government performance in Kenya. The study0was0based on public finance theory, new public management theory and the theory task-technology fit. An explanatory design was employed by the study. The study targeted various departments in the County Government of Mombasa County. The respondents were 293 workers working in the 11 departments in Mombasa County Government. Stratified0random0sampling was employed to choose 169 staff from the population targeted. The research used data information from both secondary0and0primary0sources. Secondary data on revenue collection, pending bills and unsupported expenditure was collected from the County government of Mombasa. Primary data was obtained by use of a close-ended questionnaire. Inferential statistics and descriptive statistics were used in the analysis of data with the help of statistical0software referred as Statistical0Package for Social0Sciences (SPSS Version 25) for the analysis. Descriptive0statistics included percentages, frequencies, standard0deviation and0mean. Inferential statistics included both correlation and regression0analysis. The results0were presented in0figures0and tables. The study found that procure-to-pay process in integrated financial management information system had a positive0and significant0influence0on performance of Mombasa County Government. In addition, plan-to-budget in integrated financial management information system had a0positive and0significant influence on performance of Mombasa County Government. Also, the study found that financial0reporting using integrated financial management information system had a positive0and significant influence on performance of Mombasa0County Government. Further, the study found that ICT support using integrated0financial management information system has a positive and significant influence on performance of Mombasa County Government. The study recommends that Mombasa County Government should implement procure to pay software, improve supplier engagement, optimize inventory and keep the process transparent to improve financial performance of Mombasa County Government. In addition, Mombasa County Government should implement rolling forecast and budgets, use budgeting software, organize and centralize documentations and plan early for the entire process to improve financial performance of Mombasa County Government.
Key Words: Budget Plan, Process of Procure, Financial Reporting, Information Communication Technologies
CITATION: Mutinda, T. M. & Mwangi, L. W. (2024). Integrated financial management information system and financial performance of Mombasa county government, Kenya. The Strategic Journal of Business & Change Management, 11 (2), 1459 – 1476. http://dx.doi.org/10.61426/sjbcm.v11i2.2995
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DOI: http://dx.doi.org/10.61426/sjbcm.v11i2.2995
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