Financial Stumbling Detection Model for SMEs

Access to financing is still one of the greatest obstacles facing Small and Medium Enterprises (SMEs) all over the world and prevents them from developing. Because a large percentage of these projects fail/stumble and go bankrupt, due to failures in their financial management and assets management decisions. SMEs do not only play an important role in the global economy but also it is one of the sources of social stability and an effective role in a country's economy. The previous researches indicate that BI systems are mainly applied in large enterprises, but using BI in SMEs is very rare. Thus, to enhance financial decisions, the study uses various ICT tools such as business intelligence (BI). This research develops a Financial Stumbling Detection (FSD) Model using BI that can help SMEs stakeholders in taking the proper financial decisions. The FSD model identifies the initial stumble/defect in SMEs, by using some financial ratios. And it was created relying on Design Science Research (DSR) methodology. The results of using BI in SMEs give the necessary insight into a business's financial data, and highlight if the business is heading for a financial crisis and potential failure.