Decision Lab

I created a spreadsheet model of "Farmers Market", Which shows six different product categories and their cost, revenue, cost with inflation, revenue with inflation and the profit. I also used formulas within the spreadsheet.

HTML

Penang Malaysian & Thai Cuisine

I love eating at Penang with my Husband and Friends.

My All Time Favorite Menu

  1. Roti Canai with Chicken Curry
    2.
  2. Red Curry Chicken with Thai Pineapple Fried Rice
    3.
  3. Coconut Fish Curry
    4.

Favorite Desserts and Beverages

  • Fried Ice Cream
  • Mango Ice Cream
  • Malaysian Ice Tea
  • Malaysian Lychee Drink
Visit Penang

CD Database

Susan's Spread Sheet

Sunday, September 25, 2011

Analyzing Value of an Information Systems

My topic for today is Online Banking System and its value to company as well as the users/customers.

Online/Mobile banking is a system that allows customers/users to access their account from anywhere, anytime in the world by using a computer or mobile as long as you have internet connection. It is easy and convenient to customers who are busy with their work and for people who does not drive, etc. [2]

Now days, all the financial institutions are offering online banking to their customers, with some banks being completely online. Both businesses and individuals can benefit from online banking. “Convenience is one of the major advantages of banking online, but it isn’t the only one. There are many reasons to bank online, from saving you money to being more environmental in your way of life.” [1]

Added Value to Bank/Company

· Attract more customers

· Labor reduction due to less employees/teller

· Online statements availability to customers, so that bank does not need to send out monthly paper statement to each customer unless the customer requests it.

· Bank can provide more products information via their websites to customers, such as mortgage, loans, etc.

Added Value to Customer/Users

· Convenience – Anytime anywhere access to your account

· Instant Transfer money between accounts

· Online Bill Pay – Customers able to pay their bills through online banking rather than drive to post office. This saves money on gas and stamps. You can also pay an individual through online banking, e.g. write a check to someone and if you know their address the bank will send it out.

· Automatic Bill pay – Set up a monthly payment and repeat it every month.

· Mobile Access to accounts

Processes Constitute main system components

(Assuming you are a registered user)

Input – When a person enter his/her User ID and password into the system login.

Process – So, the User ID and password goes through a validation process and verifies that the User ID and password exist in the database.

Output – Successfully login and use different functionality such as view your balance, transfer funds, bill pay, etc.

1. http://www.depositaccounts.com/blog/benefits-of-online-banking.html

2. http://www.investorwords.com/3420/online_banking.html

3.http://frugalliving.about.com/od/moneymanagement/tp/Online_Banking.htm
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