In this age of information, almost all fields of endeavor such as education, manufacturing, research, games, entertainment, and business treat information systems as a need. Indeed, every activity in our daily life today requires people to get involved in the use of information systems. Many organizations today use information systems to offer services with greater satisfaction to customers, to access a wider range of information, to handle Business changes at a greater speed, and to increase the productivity of workers. Based on a number of researches, an effective information system should be able to exceed customer expectations and fulfill business needs.
As such information technology, a subset of information systems, has become the prime reason for the success and failure of a company to compete in business. This illustrates the impact of information technology on business operations today. As a result, designing an information system of high quality is important so that organizations can compete successfully in the global market.
In Lending institutions, having an automated Loan System that store,update,retrieve and monitor data efficiently and faster is an edge to be more competitive and progressive in their business.
In this chapter the researchers highlight on the study of the concepts concerning the processes of the system and similar studies related to the system.
2.1 Concepts
2.1.1 What is Information System ? 2(http://en.wikipedia.org/wiki/Information_systems#The_discipline_of_information_systems)
Information system (IS) is the study of complementary networks of hardware and software that people and organizations use to collect, filter, process, create, and distribute data.
The study bridges business and computer science using the theoretical foundations of information and computation to study various business models and related algorithmic processes within a
Links: 5(Effy Oz, (2002) International Student Edition,Management Information System, #rd Ed Pp. 21-23) 6http://publib.boulder.ibm.com/infocenter/txformp/v6r0m0/index.jsp?topic=%2Fcom.ibm.cics.te.doc%2Ferziaz0019.htm 7(Effy Oz, (2002) International Student Edition,Management Information System, #rd Ed,Pp. 21-23) 8http://www.prenhall.com/divisions/bp/app/hoffer/student/supp2.html 11(Miravite, 1976, Rural Banking in the Philippine 3rd Ed.,Pp.2) 12(Miravite, (1976) Rural Banking in the Philippine 3rd Ed.Pp 13 (Miravite, (1976), (1976) Rural Banking in the Philippine 3rd Ed.Pp. 168-179) 14http://hiring.monster.com/hr/hr-best-practices/recruiting-hiring-advice/job-descriptions/loan-officer-job-description-sample.aspx .17https://www.fnblg.com/custom/fi/fnblagrange/fb/disclosure/Loan-Operations-Manager.pd 18 (Miravite, (1976) (1976) Rural Banking in the Philippine 3rd Ed.,Pp 21(Orpiano, (1976) Rural Banking in the Philippine 3rd Ed.2012, ,Pp 35-39) 22http://www.topschoolinc.com/solution/student-information-system/enrollment-management.aspx