Effect of Real-Time Financial Insights from Cloud Accounting on Managerial DecisionMaking in Organizations
Year: 2025
Type: article
Study design: Observational Study
Abstract: This paper examine the effect of real-time financial insight from cloud-based accounting on management decision making system of organisations. The ability of cloud accounting to provide real-time financial insights allows managers to make informed decisions quickly. This advantage improves cash flow management and capital allocation, leading to better financial performance. Respondent demographics indicate a majority of female participants (57.1%) and those aged 31– 44 years (52.6%). Educational qualifications showed 51.8% held a B.Sc, with MBA/M.Sc holders at 36.8%. The findings reveal that 63.9% of respondents agree on the benefits of cloud-based accounting for financial information quality, and 67.7% affirm its potential in reducing real time and decision making. Conversely, 62.4% of respondents disagree that real-time data access enhances managerial decision-making. Nonetheless, scalability features were largely recognized for sustaining profitability during growth. Chi-square analysis supports the hypothesis that cloud-based accounting systems improve financial management, real time, and support scalability and growth. In conclusion, the findings underscore the significant impact of cloudbased accounting on financial management and decision making within organizations, especially in SMEs. The study reveals that while scalability and cost reduction are widely recognized benefits. Overall, the analysis confirms the potential of cloud accounting as a strategic tool in sustaining organizational growth, reducing operational costs, and improving financial oversight. These insights highlight the need for organizations to leverage cloud-based solutions to foster efficiency and longterm profitability.
Institution: The Federal Polytechnic, Ado-Ekiti
Language: English
Subfield: Management Information Systems
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W4407719209