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Journal : Quantitative Economics and Management Studies

Operational Cost Budget Optimization Analysis to Improve Efficiency of PT Citra Robin Sarana Khairani, Umi; Rahmani, Nur Ahmadi Bi; Atika, Atika
Quantitative Economics and Management Studies Vol. 5 No. 5 (2024)
Publisher : PT Mattawang Mediatama Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35877/454RI.qems2813

Abstract

The aim of the study is to assess the company's ability to optimize the operating cost estimates with the data for the period 2021-2023. A quantitative approach with multi-objective analysis is used, collecting data through interviews and analysis of administrative and financial data. The data used are secondary data from annual financial reports and data of operational costs as well as financial production data of the company. The results of the research showed the difference between the cost of budget and the costs of operational realization of the company: Rs. -161.525.511 in 2021, Rs. 1.530.471.758 in 2022, and Rs. 706.742.283 in 2023. Despite an increase from 2022 to 2023, operating costs are still not optimal. Efforts to optimize risk management have been seen, but have not achieved the expected results.
Risk Analysis and Sustainability of Sharia Insurance in Facing the Challenges of the Digital Era Rahmadhani, Layla; Ramadhan, Muhammad; Rahmani, Nur Ahmadi Bi
Quantitative Economics and Management Studies Vol. 5 No. 5 (2024)
Publisher : PT Mattawang Mediatama Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35877/454RI.qems2912

Abstract

Digitalization of Islamic finance leverages technology to enable financial transactions anytime and anywhere, removing specific time constraints. This research explores the challenges, opportunities, and risks associated with digitalization in the sharia insurance sector. Utilizing qualitative methods with a descriptive approach, the study reveals that challenges include: a) Upholding sharia principles in technology adoption, b) Ensuring security and compliance, c) Addressing bias in big data and AI, d) Forming strategic partnerships with fintech, and e) Investing in sustainable projects. Opportunities for digitalization in sharia insurance encompass: a) Easier customer reach, b) Enhanced customer education and facilities, c) Streamlined transactions and SOP completion, d) Broader introduction of sharia insurance, e) More effective marketing, and f) Collaborative efforts. Risks associated with digitalization can be mitigated by: a) Providing robust customer protection, b) Enhancing trust and security, and c) Reinforcing justice and sustainability. This research aims to provide a comprehensive understanding of these aspects to better guide the implementation of digital technologies in the sharia insurance sector.
Co-Authors ,., Sugianto2 Afriza Ulfa Ritonga, Afriza Ulfa Ritonga Aminuyati Amir, Afriza Andri Soemitra Antony Wijaya Aqwa Naser Daulay Arifin Fauzi Lubis Arsyadona, Arsyadona Atha, Muhammad Alwan atika Atika Atika Atikah, Rahmi Atmaja, Ardi Azhar Maksum Baehaqi Batubara, Maryam Br Silalahi, Noni Novita Sari Budi Prianto Chaniago, Alia Devyana, Melati Dharma, Budi Dzuljastri, Dzuljastri Fachrozie, Ridho Fadhil, Muhammad Irsyad Fahani, Tania Azura Febriana, Vinni Firjatullah, Fairuz Fitri Susanti Siregar Hani, Hani Widari Hanin, Fadya Harahap, Jamiah Harahap, Rahmat Daim Hasibuan, Muthia Hafsari Hasibuan, Reni Ria Armayani Hendri Tanjung ilham khairi, ilham Indradewa, Rhian Jannah, Nurul Juniartkik, Irma Kaswinata, Kaswinata Kembaren, Nurul Fadhilah Yusri Khaira Amalia Fachrudin Khairani, Umi Khairi, Mhd Rizki Khairun Nisa Kusmilawaty, Kusmilawaty Lubis, Muhammad Azizi Akbar Lubis, Radja Janna Lubis, Ridwan Azhari Mahira, Nazla Minda Mandani, Putih Manurung, Nabila Tasya Nurhafifah Marliyah Matondang, Sabrina Natasya Muhammad Iqbal Muhammad Lathief Ilhamy Nasution Muhammad Ramadhan muhammad Syahbudi, muhammad Muhammad Yafiz, Muhammad Munawar, Ahmad Fauzi Mustapa  Khamal  Rokan Nasution, Juliana Nikira, Nikira NST, Muhammad Latief Ilhamy Nst, Nurul Hafizah Nurbaiti Nuri Aslami Nurul Inayah Nurwani Nurwani Nurwani, Nurwani Prasetyo, Aris Kukuh Qarni, Waizul Qoyum, Muhammad Quraniyah, Fike Radianti, Ami Rahma, Tri Inda Fadhila Rahmadhani, Layla Rahman, Zikri Rahmi Syahriza, Rahmi Ramlan, H. Rianti, Irna Sarah, Fitria Siagian, Melsa Siagian, Riza Rasyid Silalahi, Amlys Syahputra Silalahi, Purnama Ramadani Simanungkalit, Gustin Tamara Siregar, Efrida Rahma Sari Siregar, Eva Syahrida Siti Jubaidah, Siti Sitorus, Friska Olavia Sugianto Surbakti, Agung Grafika Syah, Dwiki Wardana Syahprya, Widya Dwi Syahputra*, Angga Syarbaini, Ahmad Muhaisin B. Syifa, Naila Jayida Tambunan, Sagdiyah Fitri Andani Tanjung, Rizki Ramadhan Tiawan, Tegar Adit Vanessa Vanessa Wahyu Syarvina Wiwik Handayani Yanti, Nur Santri YENNI SAMRI JULIATI NASUTION, YENNI SAMRI JULIATI Zahrowaini, Taqiya