USE OF INFORMATION TECHNOLOGY FOR FINANCIAL MANAGEMENT IN CZECH ENTERPRISES

This study examines the impact of the adoption of software tools for Financial Management support on the Financial Management function. In addition to that, it was intended to study the level of contribution these technologies can bring to a company. The study was supported by research conducted on a sample of 46 small and 39 medium-sized manufacturing companies in the Czech Republic. The primary technique of data collection was a questionnaire distributed via mail, followed by further telephone and e-mail support. Collected data were explored by correlation analysis to determine the dependency between the use Financial Management supporting ICT and economic results of companies. For medium-sized companies has been established low to moderate dependence. Therefore in this case the use of soft ICT to some extent contributes to better economic performance. In contrast for small companies the dependence was negligible and sometimes even slightly negative, the use of software tools here can thus be counterproductive.