TRANSPORTATION NETWORK VEHICLE SERVICES: FINANCE WITH INTELLIGENT BUDGET ESTIMATION SYSTEM

Abstract

As the TNVS industry has evolved, new platforms such as Grab, Uber, and Angkas have emerged as leading providers of on-demand services, posing significant competition in the market. Traditional taxi businesses, including ABC Taxi Company, face difficulties competing with these technology-driven companies due to their lack of digitalization and adoption of modern technologies. To stay competitive, traditional taxi operators must embrace technological advancements.

This study focuses on TNVS finance by developing an Intelligent Budget Estimation System designed to support ABC Taxi Company in modernizing its operations through improved financial management. The project highlights the role of technology in enhancing how taxi operators manage their business finances efficiently and effectively. A mixed-methods approach was employed, combining interviews and Agile methodology to evaluate the system’s effectiveness. Interviews were conducted with operators from ABC Taxi Company, a traditional taxi business facing challenges in transitioning to modern technology. These interviews provided valuable insights into the obstacles and opportunities associated with adopting digital solutions. Meanwhile, the Agile methodology guided the system’s development process—covering planning, design, development, testing, and deployment—ensuring a smooth and adaptive implementation. The implementation of the TNVS: Finance with Intelligent Budget Estimation System, particularly the Disbursement and Accounts Payable Management submodule, led to significant improvements in the financial processes of the selected taxi company. Financial reports became more transparent and easily accessible, facilitating improved decision-making and accountability. Feedback from the company’s finance team highlighted increased efficiency, streamlined operations, and enhanced budget control. Overall, the system effectively addressed key financial challenges and supported the company’s objective of embracing technological advancements in the competitive transportation industry. The system introduced practical solutions to enhance the taxi company’s financial management, particularly in disbursement and accounts payable. By reducing manual tasks and automating critical processes, it minimized errors, accelerated transactions, and ensured accurate tracking of financial activities. The integration of budget estimation further supported effective planning and helped maintain spending within set limits. These improvements not only boosted operational efficiency but also facilitated the company’s transition toward more modern, technology-driven practices.