In the process of financial support carried out at Paamonim, the family documents its expenses, from the smallest expenses to large and significant expenses.
The registration is intended to strengthen the family’s awareness of expenses, in order to regulate and manage them.
As part of streamlining and digitization processes, a new tool called Registration was introduced in June 2018 for recording expenses by the family that undergoes accompaniment by paamonim.
Before introducing the tool, the family would record their expenses using an Excel file, into which she would enter the expenses, based on collecting receipts or other records.
The registration tool is a kind of application, installed on the mobile phone. The tool allows expenses to be recorded by the family in real time. At the moment of purchase. In doing so, it enables improvement and efficiency by digitizing the registration process.
The question arose: What is the effectiveness of the digital registration process?
Does it improve the results of the accompaniment and the success of the family in the process?
These questions formed the basis for research on the effectiveness of using the registration tool.
The purpose of the study was defined as examining the estimated effect of the registration tool on the success of the participants in the accompaniment program, with an emphasis on the gap between income and expenses, the time spent using the tool after the end of the accompaniment,
Has the family completed the accompaniment?, quality and accuracy of recording income and expenses.
Study Conclusions: The findings show that the transition to a digital tool has made it possible, among other things, for families accompanied by paamonim to improve their monthly disposable cash flow by an average of NIS 18,000 per year.
The “registrar” has led to an increase in long-term use.
Following the introduction of the tool, there has been a decrease in the quality and accuracy of the registration – possibly related to the atomization process of synchronizing the data with the Paamonim software, which obviates the obligation of the lenders to enter data into the software.
As has been proven in many other areas around the world, investing in digitization processes, with an emphasis on simplicity and efficiency, can bring great benefits. Accelerating the development process of digital tools and making information accessible is essential.