Financial transaction monitoring software tool in the university business environment

Financial flows within a single company can be very complex and difficult to track, even when the business operations are monitored by use of advanced information systems. A large number of transactions, on one hand, and a large turnover of goods and / or services on the other, besides making difficult to perceive the current situation in full, creates a favorable environment for the emergence of financial crime. This paper describes a software tool developed in the form of web application that monitors data from multiple external sources (information systems) paraphrase, and then displays the obtained results graphically or in spreadsheet format. The purpose of this software is to make it easier for middle and top management to perceive the current balance of the company, controlling of vital financial information, budgeting and planning of capital expenditures, thus facillitating foreseeing and making of short and long-term business decisions. Although initially intendend for use in the university business environment, this software application possesses the potential to be used in other industries as well.