A Study on the Impact of Using Digital Financial Tools Among Employees in Synergy Company
Ms. Raghavisree. K., B.com (Banking and Insurance management)
MBA (Finance and Systems) Student, Reg.No:43410354,
School of Management Studies,
Sathyabama Institute of Science and Technology, Chennai, TamilNadu.
Dr. John Paul. M
Assistant professor
School of Management Studies,
Sathyabama Institute of Science and Technology, Chennai, TamilNadu.
ABSTRACT
This study examines the impact of digital financial tools on employees in the corporate sector, focusing on their role in enhancing financial management, employee satisfaction, and workplace efficiency. As organizations increasingly adopt digital payment systems, automated financial tracking, and mobile-friendly transaction platforms, it is essential to assess how these tools influence employees’ financial well-being and productivity. The research investigates employees' perceptions of digital financial tools, the challenges they face, and the effectiveness of these tools in streamlining financial processes.
A cross-sectional research design was utilized, with primary data collected through structured questionnaires distributed digitally to 112 employees at Synergy Company, Chennai. The study explores the relationships between digital tool adoption, employee satisfaction, and financial efficiency. The findings indicate that the majority of employees perceive digital financial tools as beneficial, citing improved transaction speed, ease of financial management, and enhanced security. A strong positive relationship was observed between employee satisfaction and the perceived effectiveness of these tools. However, challenges such as cyber security risks, data privacy concerns, and the need for continuous learning were identified as barriers to full adoption.
The study provides practical insights for organizations aiming to improve digital financial tool adoption and enhance financial literacy among employees. It highlights the need for user-friendly financial solutions, regular employee training, and robust cyber security measures. These findings contribute to ongoing discussions on digital transformation in financial management and offer strategic recommendations for organizations looking to optimize their financial systems while ensuring employee well- being and efficiency.
KEYWORDS: Digital Financial Tools, Employee Satisfaction, Financial Management, Workplace Efficiency, Digital Transformation, Corporate Sector, Financial Technology, Cyber security, Data Privacy, Employee Productivity, Financial Literacy, Mobile Transactions, Digital Payment Systems, Employee Perception.
