In short the system will enable money lending organizations to provide good customer relations by being able to preserve the integrity of the loan details, to enable easy file access and retrieval and increase security on customer details. Reports take time to generate in the current system.
Loan files easily go missing and the security of the files at a high potential risk as they can be easily altered or stolen. The feasibility study was carried out to test whether the proposed system is worth being implemented.
It is usually carried out by a small number of people who are familiar with the information system techniques, understand the part of the business or organization that will be involved or effected by the project and are skilled in the system analysis and design process.
Feasibility study is a test of system proposed regarding its work ability, its impact on the organization ability to meet user needs and effective use of resources. It serves the purpose of easy file retrieval and entry.
Financial institutions are organizations that offer money lending services to people and business organizations have written records of their clients. We will write a custom essay sample on Loan Management System Project Proposal or any similar topic specifically for you Do Not Waste HIRE WRITER The automation of loan services not only provides secure services of the loan details to the customer and the organization but also serves the organization huge sums of money that would have been spent on stationary in a case where a file system is used.
This project is concerned with the design, development and implementation of a database that will enable money lending organizations to record the lending of money, proposed period of servicing the loan, reasons for borrowing, customer details and generating reports about loans.
A loan management system is a database management system used to automate the loan services of financial institutions.
The organization requires an integrated system that will enable agents to capture data both customer details and loan application details with ease.A loan management system is a database management system used to automate the loan services of financial institutions.
It serves the purpose of easy file retrieval and entry.
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Management Information System (MIS) In my words, Management Information System is a digital, or computer based tool, which provides managers of all levels, as well as regular employees, with information crucial to perform their tasks more effectively.
Loan servicing software that let you manage the full cycle of loans. Margill Loan Export To General Ledgers · Dedicated Support · Automatization. Free Essay: Chapter I Project Initiative: Loan Management System INTRODUCTION Cooperatives are obligated to adhere to the Republic Act No.
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Order now Customer must have a valid User Id and password to login to the system If a wrong password is given thrice in succession, that account will be locked and the customer will not be able to use it.Download