Impact of Digital Financial Management Systems on Revenue and Cost Efficiency of Enterprises
Abstract
This study investigates the impact of digital financial management systems (DFMS), including ERP and financial analytics platforms, on revenue growth and cost efficiency of enterprises. Using panel data from enterprises across emerging economies over the period 2018–2024, the research applies fixed-effects and random-effects regression models to assess the relationship between digitalization level and financial performance indicators. Additionally, a case study approach is employed to provide in-depth insights into enterprise-level digital transformation outcomes. The findings reveal that the adoption of DFMS has a statistically significant positive effect on revenue efficiency while contributing to cost reduction through improved financial transparency, real-time reporting, and enhanced managerial decision-making. The study contributes to the literature on digital finance and management accounting by providing empirical evidence from emerging markets and offers practical implications for enterprise managers and policymakers aiming to enhance financial sustainability through digital transformation.