Transport Network Vehicle System - Finance (Disbursement, Budget Management, Collection, General Ledger and Accounts Payable / Accounts Receivables)

Vol.4, No.1

Abstract

The Transport Network Vehicle System (TNVS) has changed the way people travel by
providing a convenient and accessible means of transportation. However, the money
management part of TNVS has been neglected, resulting in operational inefficiencies and
financial irregularities. To address this issue, the goal of this study is to create a
comprehensive finance management system for TNVS that involves modules for
disbursement, budget management, collection, general ledger, and accounts
payable/accounts receivable. A finance management system is a set of processes designed
to manage an organization's financial resources. Accounting, budgeting, financial reporting,
cash management, and financial analysis are the activities included. The primary goal of a
finance management system is to ensure that financial resources are managed efficiently and
effectively in order to optimize profitability and minimize financial risk. It also enables
managers to make practical choices and plan for the future by offering accurate and timely
financial information. By assuring compliance with financial norms and standards, it also
assists businesses in improving their financial performance and achieving their strategic
goals.

The issues that the transportation network vehicle system has can be addressed by a finance
management system that employs an Agile approach. Disbursement, budget management,
collection, the general ledger, and accounts payable and receivable are among the system's
features that encourage financial transparency and accountability, resulting in effective
operations.

The TNVS finance management system provides numerous benefits, including improved
financial management and lower financial risk. It does, however, have limitations, such as the
ongoing maintenance and updates required to meet changing financial needs. The method
lays the groundwork for future research on the subject and has significant implications for
TNVS operations because it promotes financial transparency and accountability.