IJCOPE Journal

UGC Logo DOI / ISO Logo

International Journal of Creative and Open Research in Engineering and Management

A Peer-Reviewed, Open-Access International Journal Supporting Multidisciplinary Research, Digital Publishing Standards, DOI Registration, and Academic Indexing.
Journal Information
ISSN: 3108-1754 (Online)
Crossref DOI: Available
ISO Certification: 9001:2015
Publication Fee: 599/- INR
Compliance: UGC Journal Norms
License: CC BY 4.0
Peer Review: Double Blind
Volume 02, Issue 05

Published on: May 2026

A STUDY ON EFFECTIVENESS OF THE ERP SYSTEM IN IMPROVING FINANCIAL MANAGEMENT EFFICIENCY AT SURYA PELLE CHEMICAL & MOULD PRIVATE LIMITED COMPANY.

Srimathi M

Dr. Amutha G

Department of Management Studies Vels Institute of Science Technology & Advanced Studies Chennai Tamil Nadu India

Article Status

Plagiarism Passed Peer Reviewed Open Access

Available Documents

Abstract

Enterprise Resource Planning (ERP) systems have emerged as pivotal instruments in reshaping financial management practices within manufacturing organisations. This study examines the extent to which ERP adoption contributes to financial management efficiency, with specific reference to a chemical and mould manufacturing firm operating in South India. Employing a quantitative, descriptive survey design, data were collected from 110 employees drawn from finance, marketing, production, and human resource departments through a structured Likert-scale questionnaire. The internal consistency of the instrument was validated using Cronbach's Alpha (α = 0.736). Statistical analyses encompassing Pearson correlation, multiple regression, one-way ANOVA, and chi-square tests were applied to examine inter-construct relationships and demographic influences. The findings reveal statistically significant positive correlations among all ERP-related constructs — namely, system impact, internal control, decision-making support, and cost efficiency — with correlation coefficients ranging from r = 0.41 to r = 0.61 (p < 0.001). The regression model accounts for 46.1% of the variance in ERP role effectiveness (R² = 0.461, F = 22.174, p < 0.001), affirming the predictive potency of ERP dimensions on financial outcomes. Demographic analysis indicates that age and departmental affiliation exert significant influence on ERP perceptions, whereas gender and educational qualification do not yield statistically meaningful differences. The study concludes that ERP systems function not merely as operational utilities but as strategic enablers of financial governance, cost control, and evidence-based managerial decision-making. Recommendations are advanced for strengthening training frameworks, cross-departmental integration, and the adoption of next-generation cloud and AI-enabled ERP platforms.

Keywords: ERP Systems, Financial Management Efficiency, Internal Control, Decision-Making, Cost Efficiency

How to Cite this Paper

M, S. (2026). A Study on Effectiveness of the ERP System in Improving Financial Management Efficiency at Surya Pelle Chemical & Mould Private Limited Company.. International Journal of Creative and Open Research in Engineering and Management, <i>02</i>(05). https://doi.org/10.55041/ijcope.v2i5.408

M, Srimathi. "A Study on Effectiveness of the ERP System in Improving Financial Management Efficiency at Surya Pelle Chemical & Mould Private Limited Company.." International Journal of Creative and Open Research in Engineering and Management, vol. 02, no. 05, 2026, pp. . doi:https://doi.org/10.55041/ijcope.v2i5.408.

M, Srimathi. "A Study on Effectiveness of the ERP System in Improving Financial Management Efficiency at Surya Pelle Chemical & Mould Private Limited Company.." International Journal of Creative and Open Research in Engineering and Management 02, no. 05 (2026). https://doi.org/https://doi.org/10.55041/ijcope.v2i5.408.

Search & Index

References


  1. Ahmad, S., & Cuenca, R. P. (2022). Critical success factors for ERP implementation in manufacturing. Journal of Enterprise Information Management, 35(2), 412–431. https://doi.org/10.1108/JEIM-04-2021-0170

  2. Ahmed, A., & Khan, M. (2023). ERP training and user efficiency in financial operations. International Journal of Information Systems, 14(1), 55–74. https://doi.org/10.1108/IJIS-2023-0011

  3. AlMuhayfith, S., & Shaiti, H. (2020). The impact of enterprise resource planning on business performance. Academy of Strategic Management Journal, 19(3), 1–20. https://www.abacademies.org/journals/academy-of-strategic-management-journal-vol-19-iss-3-year-2020

  4. Andrieș, A. M., & Ungureanu, M. (2022). ERP systems and organisational profitability: Empirical evidence. Journal of Financial Management, 28(4), 301–318. https://doi.org/10.1002/jfm.2022.0043

  5. Barna, C., Ionescu, L., & Mihai, R. (2021). ERP and financial transparency in the manufacturing sector. Management & Accounting Review, 20(2), 88–107. https://doi.org/10.24818/MAR-2021-0088

  6. Crudu, R. (2025). Impact of ERP systems on financial management efficiency in modern organisations. Financial Innovation Journal, 11(1), 1–23. https://doi.org/10.1186/s40854-025-0430-z

  7. Elragal, A. (2021). ERP as a driver of digital transformation: Evidence and implications. Information Systems Frontiers, 23(5), 1195–1212. https://doi.org/10.1007/s10796-021-10132-w

  8. Gupta, R., & Verma, S. (2024). ERP systems and organisational efficiency: A comprehensive review. Business Process Management Journal, 30(3), 780–802. https://doi.org/10.1108/BPMJ-07-2023-0541

Ethical Compliance & Review Process

  • All submissions are screened under plagiarism detection.
  • Review follows editorial policy.
  • Authors retain copyright.
  • Peer Review Type: Double-Blind Peer Review
  • Published on: May 13 2026
CCBYNC

This article is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. You are free to share and adapt this work for non-commercial purposes with proper attribution.

View License
Scroll to Top