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Data flow diagram for developing DSS on fund management of Indian microfinance institutions | IEEE Conference Publication | IEEE Xplore

Data flow diagram for developing DSS on fund management of Indian microfinance institutions


Abstract:

Computerisation of operations using Management Information System (MIS) has already managed to change the face of Microfinance Institutions (MFIs) in India. The constant ...Show More

Abstract:

Computerisation of operations using Management Information System (MIS) has already managed to change the face of Microfinance Institutions (MFIs) in India. The constant growth of Indian microfinance industry prompts the researchers to suggest new IT applications which will play an important role in its success. The paper identifies situations which will require the help of IT to overcome human limitations in decision making. In the process it attempts to empower the managers of the companies by using Decision Support System (DSS) on fund management. The way blood management is to the human body, similarly fund management is to the microfinance organisation. The paper uses literature review and analytical tool like the data flow diagram to help the reader grasp the situation.
Date of Conference: 15-17 March 2012
Date Added to IEEE Xplore: 07 May 2012
ISBN Information:
Conference Location: Dhanbad, India

I. Introduction

Information Technology (IT) application is today acknowledged as one of the key drivers for the growth of any organization. Microfinance institutions are no exceptions. In India, two classic examples of IT-driven growth are SKS and BASIX. The study captures the trend of the industry. Computerization of the industry also arose from the demand of the practitioners. One such IT tool for automation is Management Information Systems (MIS) (SaDhan, 2006). It is based on identification of information structures that uncover previously unknown trends that may have direct impact on the organization. The two aspects of the information structure are generation and flow of the information. The information is generated from the external source or at different managerial level. The information flow is usually based on the dissemination of the information from the top management and reporting of the information from the field staff. At present MIS is used, for the management of information, by some of the Indian microfinance institutions. The disadvantage of using MIS is that it only debits and credits to the account the information related to funding and disbursement (Ramsing and Waterfield, 1998). Thus MIS broadly helps in reporting of the information but fails to support the management in making effective decisions.

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References

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