Improvements in Management Reporting by Utilizing the Laundry-Based Information Technology Systems and Financial Planning: Business Coaching in One of SMEs Located in DKI Jakarta

Faiz Amer Abdat () and Sisdjiatmo K. Widhaningrat
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Faiz Amer Abdat: University of Indonesia, Magister of Management, Faculty of Economic and Business
Sisdjiatmo K. Widhaningrat: University of Indonesia, Faculty of Economic and Business

A chapter in Proceedings of the 7th Global Conference on Business, Management, and Entrepreneurship (GCBME 2022), 2024, pp 214-220 from Springer

Abstract: Abstract The goal of the study involves the Business Coaching method to improve the quality of the system, effectiveness, and efficiency of financial and operational records as well as the quality of financial strategy management. Business Coaching was conducted by using a descriptive qualitative approach. Data were collected through in-depth interviews and surveys with the owners, employees, and customers of the SMEs. The financial system and budgeting tools were created which allow the business to better calculate the financial plan as well as to line up the strategy of its short-term and long-term operational decision.The findings of this study revealed that financial information is required to better understand when calculating operating profits, cost control, and cash flow management. Good financial management and records can minimize losses, assist in formulating a good pricing strategy, encourage more measurable cost efficiency, and maintain long-term business continuity.

Keywords: Budgetary Control; Business Coaching; Financial Report; Financial Strategy; Management; Operational Strategy; Workforce (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-234-7_20

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DOI: 10.2991/978-94-6463-234-7_20

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