Many of the problems concern the management and employees of money lending companies today. From manual to automated system, is one way of minimizing the problems of having data loss, miscalculation, and secured record keeping of the debtors. The proposed system will have a solution for the problems. 1. How will the proposed system be able to lessen the time and work needed to compute the loans and interests? 2. Can this proposed system be a tool to organize the records needed by the company and data of debtors? 3. What safekeeping measures can we create to avoid redundancy of debtor’s files?
B. Scope and Delimitation
The proposed system, Money Lending Information System will replace the old paper based system used by Alay Buhay Development Foundation Inc... The Money Lending Information System shall be used company’s administrator to asses the interest or calculate the annual strain without having problem computing.
The system shall be programmed and designed Visual C#. The database which will contain all the data borrower or employer will be stored and kept secure using with Microsoft SQL (MSSQL) and OLEDB will be use to connect the user-interface and database. Advance skill in Visual C# shall provide a very user-friendly interface not only in the staff but for the administrator as well.
Before the step proper, the borrower or employer will ask to fill-up a simple information sheet and after the fill-up, the staff will input the information in the proposed system in order to store their credentials in the company database. Their information will be kept in the database for future references. If the borrower or employer will passed the interview and approved, the staff will input necessary information such as type of payment, how much to be borrowed, due date, interest, requirements and other important information. If the old system uses Microsoft Excel to store the borrowers information and compute the interest and payments, the proposed system can convert assessment that are made through Microsoft Excel, the staff are now exempted through manual transferring of data in the database. Emails and text messages will be received by the borrower or employer couple of days to notify them for the due dates.
The proposed system will be precise and accurate for the integrity of the company. This system ought to minimize the work load from employees who would have better things to do rather than computing for a long period of time. The borrower or employer is also restricted in editing or deleting any previous content that they have already placed.
If by any chance that electrical failure or hardware function occurs, the old system will always come in handy. Electrical failure may cause the computers and other gadgets to halt their processes. This means that the old pen and paper method will come in handy during this time. A hardware failure on the other hand may halt the process of the proposed system. If by any chance that the server where the system is installed does not function correctly, a system failure most likely occurs.
The system’s database is also limited to the maximum capacity of MSSQL and the disk space of the system where the proposed system is currently installed. The common solution is to print the contents or store it in a different media for backup.
The proposed system is limited to the calculations and the display of other information. It will not handle any data manipulation such as edit and delete function for it will open the idea of staff to manipulate such an important the data.
C. Definition of terms
1. Loan: An arrangement in which a lender gives money or property to a borrower, and the borrower agrees to return the property or repay the money. 2. Debtor: An individual or company that owes debt to another individual or company , as a result of borrowing or issuing bonds also called...