Management Information System MIS in Banking Sector In a banking business environment characterized by a battle for the customer, where the need to grow in volume has given way to selective growth strategies rather than messages about a slowing of new businessan undeniable competitive advantage is provided by robust, reliable and useful systems for measuring customer profitability or value, both current and potential, in connection with budgeting and pricing methodologies.
Automation A management information system MIS is a computerized database of financial information organized and programmed in such a way that it produces regular reports on operations for every level of management in a company. It is usually also possible to obtain special reports from the system easily.
The main purpose of the MIS is to give managers feedback about their own performance; top management can monitor the company as a whole. Information displayed by the MIS typically shows "actual" data over against "planned" results and results from a year before; thus it measures progress against goals.
The MIS receives data from company units and functions.
|Project Report On R..||The Internet is rapidly becoming the information superhighway of a global electronic marketplace. The rising commercial interests in the Internet are especially evident in "frontend" applications such as electronic catalogs, yellow pages, storefronts, malls, and customer support centers.|
|EMIS FACTS||Anywhere Banking no matter wherever the customer is in the world. Balance enquiry, request for services, issuing instructions etc.|
Some of the data are collected automatically from computer-linked check-out counters; others are keyed in at periodic intervals. Routine reports are preprogrammed and run at intervals or on demand while others are obtained using built-in query languages; display functions built into the system are used by managers to check on status at desk-side computers connected to the MIS by networks.
Many sophisticated systems also monitor and display the performance of the company's stock. Automation emerged in the s in the form of tabulating cards which could be sorted and counted.
These were the punch-cards still remembered by many: Each card was the equivalent of what today would be called a database record, with different areas on the card treated as fields.
Punch cards were used to keep time records and to record weights at scales. Census used such cards to record and to manipulate its data as well. When the first computers emerged after World War II punch-card systems were used both as their front end feeding them data and programs and as their output computers cut cards and other machines printed from these.
Card systems did not entirely disappear until the s.
They were ultimately replaced by magnetic storage media tape and disks. Computers using such storage media speeded up tallying; the computer introduced calculating functions. MIS developed as the most crucial accounting functions became computerized.
Waves of innovation spread the fundamental virtues of coherent information systems across all corporate functions and to all sizes of businesses in the s, 80s, and 90s.
Within companies major functional areas developed their own MIS capabilities; often these were not yet connected: Personal computers "micros," PCs appeared in the 70s and spread widely in the 80s.
Some of these were used as free-standing "seeds" of MIS systems serving sales, marketing, and personnel systems, with summarized data from them transferred to the "mainframe. Equipped with powerful database engines, such networks were in turn organized for MIS purposes.Mis in Banking Sector; Mis in Banking Sector.
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· The project’s Development Objectives are to assist Vietnam’s banking sector to: (i) meet the demands of the economy for fast, reliable and safe payment services; (ii) broaden access to finance to facilitate the achievement of the government's poverty reduction targets; and (iii)benjaminpohle.com Category: Case Study» Cases in Banking created 3 year(s) ago - updated 3 year(s) ago by Ayesha Shaikh 0 comments, views Banks today are aware of both the threat and the opportunity that the Web represents.