Emerging Technologies as Panacea for Financial Management in Universities in Enugu State: Imperative for Sustainable Development Goals

Abstract

The study examined emerging technologies as panacea for financial management in universities for the realization of Sustainable Development Goals in Enugu state. Descriptive survey research design was adopted for the study. The study was guided by two research questions while two null-hypotheses were formulated and tested at .05 level of significance. The population for the study was 59 respondents which comprised 23 management staff and 36 Finance Officer from public universities in Enugu State. The entire population was used, hence, there was no sampling. The instrument for data collection was a structured questionnaire titled “Impact of Emerging Technologies on Financial Management Questionnaire (IETFMQ)”. The instrument was validated by three research experts from Department of Educational Management and Measurement and Evaluation Unit of Department of Mathematics and Computer Education from Faculty of Education, Enugu State University of Science and Technology (ESUT). Cronbach alpha statistic was used to determine the reliability of the instrument which yielded .81 for cluster A and .79 for cluster B with an overall reliability index of .80. Mean scores and standard deviation were used for answering the research questions, while t-test statistic was used to test the null hypotheses. The findings of the study revealed that emerging technologies have impact on financial management in terms of budgeting and record keeping to a great extent. The researcher recommended among others that universities need to integrate emerging technologies in their financial management because of its effectiveness and efficiency.