Submitted by: Andrian G. Estares
Jerwin Genesis Daulo
Submitted to: Sir John Frederick Leabres
ARAULLO UNIVERSITY - PHINMA Education Network
1. CHAPTER 1
a. Description of the System
As the world moves a global competitive and more complex electronic place, lots of establishments still are using the old way of doing process. The best thing to consider is the assurance that the clients are getting the satisfaction of the services provided by the company and also the creating each member a friendly environment.
The existing loan or lending transaction processing system of some related companies is just manually operated. It takes a few days or even weeks to be processed. This can be obsolete because of the presence of the computers, which could facilitate any transaction at faster rate. Actually the companies merely use computer for the documentations and not for their system. In fact, they only use word and excel which are generally used Microsoft office works and not a specific task. That’s why; the computer does not help them a lot to make their process faster and accurate. Thus, the lending system will provide a better way to facilitate those transaction and
queries and also the process happening in the company. Automatically checking the status of members/staff and clients are included that will prevent both of them to consume a bunch of time.
In that case of lending system that will provide a speed up in the process of transaction processes for lending companies.
If the system will be successful the staffs or clerks will reduce the works and the clients will not be bored to wait until the transaction will finish. This can also aid the problem of technicalities and errors...