Proceedings of the 7th Global Conference on Business, Management, and Entrepreneurship (GCBME 2022)

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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

Authors
Faiz Amer Abdat1, *, Sisdjiatmo K. Widhaningrat2
1Magister of Management, Faculty of Economic and Business, University of Indonesia, Jakarta, Indonesia
2Faculty of Economic and Business, University of Indonesia, Jakarta, Indonesia
*Corresponding author. Email: faizamerabdat@gmail.com
Corresponding Author
Faiz Amer Abdat
Available Online 29 September 2023.
DOI
10.2991/978-94-6463-234-7_20How to use a DOI?
Keywords
Budgetary Control; Business Coaching; Financial Report; Financial Strategy; Management; Operational Strategy; Workforce
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.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 7th Global Conference on Business, Management, and Entrepreneurship (GCBME 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
29 September 2023
ISBN
10.2991/978-94-6463-234-7_20
ISSN
2352-5428
DOI
10.2991/978-94-6463-234-7_20How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Faiz Amer Abdat
AU  - Sisdjiatmo K. Widhaningrat
PY  - 2023
DA  - 2023/09/29
TI  - 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
BT  - Proceedings of the 7th Global Conference on Business, Management, and Entrepreneurship (GCBME 2022)
PB  - Atlantis Press
SP  - 214
EP  - 220
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-234-7_20
DO  - 10.2991/978-94-6463-234-7_20
ID  - Abdat2023
ER  -