Lending System Essay

a. Description of the SystemAs the world moves a global competitive and more complex electronic place, lots of establishments still ar using the old way of doing process. The best thing to consider is the assurance that the clients are getting the gaiety of the services provided by the company and also the creating each member a friendly environment.The existing bestow or lending transaction processing dodging of some related companies is just manual of arms of armsly operated. It takes a few days or even weeks to be processed. This potentiometer be obsolete beca custom of the presence of the computers, which could assist any transaction at faster rate. Actually the companies merely use computer for the documentations and non for their dust. In fact, they entirely use word and excel which are generally used Microsoft office works and non a specific task.Thats why the computer does not help them a lot to imbibe their process faster and accurate. Thus, the lending governing body will provide a better way to relieve those transaction and queries and also the process happening in the company. Automatically checking the status of members/staff and clients are include 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 provided by the manual system, so it will be efficient to them.b. Statement of the ProblemThe study attempt to know if the render lending system can help the lending/loaning companies speed up the process of their proceedings with their clients. This study need to answer the following questions.1. How helpful is a computerize lending system to a company?2. How can a computerize lending system fasten the works of the clerk of a company?3. What are the possible disadvantages of using a computerize lending system?4. Is the time consumed by a computerize lending system faster than the manual one?5. Is the computations of computerize lending system more accurate than the manual computations?c. Objectives of the Study1. To make a functional lending system that can makes the work of employees easier.2. To build a lending system that can be use by nearly lending companies.3. To fasten the work of a companys clerks and all employees involved.4. To add some functions that is not usually clearn at most computerize lending systems.d. Significance of the StudyThe significance of do the manual system computerized is to fasten the works of the employees because of faster computations, faster transactions and better information storing by making the confidential transactions secured. It can also be used to see the information and transactions make by their clients.e. ScopeOur system can save an d see the information of the clients, can be use the lending transaction function by most of the lending companies, can be use to see the transactions made by their clients. Our systems also have an authenticating procedure to limits the employees that can view the transactions.f. LimitationsOur system is only limited to be executed to a computer and cannot be run using any other(a) devices like smart phones, tablets and old model computers. Our system can have a server for quadruplex transactions using several client computers but cannot be use for online transactions.