A Research Report Submitted to Mzumbe University – Mbeya Campus College in Partial Fulfillment of the Requirement for Award of Bachelor Degree of Accounting and Finance in Business Sector (BAF-BS) of Mzumbe University
The purpose of this study was to examine the factors affecting adoption of core fund management systems (CFMS). The study was guided by the following specific objective, to assess the efficiency of core fund management system in ensuring proper financial control, to assess on the rationale in the adoption of computerized system, particular CFMS towards organization effectiveness, to assess the extent to which the member of staff of NSSF are trained on adoption of CFMS. The research hypothesis was then developed from the research objectives. The study employs case study research design. Also the study had a sample size of 30 respondents in different department at NSSF, Morogoro region. This study involves research instruments such as questionnaires and observation for data collection.
The findings of the study shows that the introduction of Core Fund Management System plays are great role towards effectiveness on the use of computerized accounting systems as follows; speed and accuracy, error detection, enhanced reporting and flexibility, majority of respondents 16(53%) they agreed on the assertion that adoption of computerized system particularly Core Fund Management System have great importance on the enhancement preparation of the organization reports. Also the findings asses on the rate at which the member of NSSF are trained on the adoption of Core Fund Management System, 26(80%) of the respondents they disagree on the deliverance of training programs towards system adoption. However the findings asses on the efficiency of Core Fund Management System in ensuring proper financial control, 25(83%) of the respondents agreed on the effectiveness of Core Fund Management System towards financial control
From the findings of the study the researcher recommends the following: management of NSSF allocates adequate resources for the implementation and maintenance of the system. Accounting managers should play a proactive role to support CFMS implementation in their organizations. They should convince top managers and other line managers of the importance of CFMS implementation, so that time and budget required for implementing CFMS could be gained. They also have to allocate time and budget to train people on how to use and leverage the uses of CFMS, and on how to gain competitive advantage through CFMS towards organization competitive advantage, sustainability and development.