The impact of financial information systems on the effectiveness and efficiency of financial decision-making a sample of commercial banks in Salah al-Din and Baghdad

Abstract

The purpose of this study is to determine the relationship and impact between financial information systems and financial decision-making in a way that ensures effectiveness and efficiency. In addition, understanding the process of setting priorities and searching for alternatives when making financial decisions and understanding them, and if the study followed the analytical description method, questionnaires were distributed in Baghdad and Salah al-Din governorates for this purpose. The results of the study showed that there is a significant impact of all dimensions of information systems on financial decisions, and this impact varies between negative and positive. The current study suggests two important factors that must be taken into account when using financial information systems, the first is the ideal balance when making financial decisions, it is important to find a balance between speed, accuracy and relevance. If speed is the priority, quality may be affected if accuracy is critical, and opportunities may be lost due to delay. Relevance is critical to ensuring that decisions are appropriate for the current environment. The second is achieving financial success, combining these factors helps in making informed financial decisions.