E-Pawning system Essay
This chapter presents the background of the study, problem and its significance, and the scope and limitation of the study.
Background of the Study
Nowadays, we are innovating from manual to computerized system so that the human-effort are lessen through this innovation, every company has their own systems according of what does the specialization of their company is. Typically, there’s a minimal percentage who’s using a manual system which is recording data into their permanent storage which is paper.
There’s a pawnshop still using a manual system, they write all the information about their customers to comply on the protocol of their pawning system and they manually computed the interest or the payment of each customer. But in this study, the proponents made a system that the owners or the secretaries of the pawnshop will not be able to write and manually compute the payment but to encode the information in computerized way which is by using an E-Pawning system. The proponents believe whoever use this system, their efforts as an employer of the pawnshop will lessen so that they can manage their time.
Some customers are bothered about the due date of their mortgaged whether it is jewelries or gadgets, so that the proponents proposed this study in order for the customer be informed to avoid the loses of their things because of the system SMS Notification that will notified them five(5) days before their due date for payment.
Objectives of the Study
The main objectives of this proposed study is to minimize the human-effort of the employer of the pawnshop and to secure every transaction made to avoid the duplication of information of the customers. And to inform the customers about their mortgage.
Specifically, this study aims to achieve the following objectives: 1.To describe the development of E-Pawning for Eduardo Pawnshop in San Leonardo
based on System Development Life Cycle as follows:
1.3Detailed System Study
2.To test and evaluate E-Pawning System for Eduardo Pawnshop in San Leonardo based on quality model of ISO 9126.
•Record the information and interest of the customer mortgaged Process
•Calculate the payment of the customer’s mortgaged manually based on the interest by the pawnshop policy Output
Table 1.1 OLD SYSTEM
Input Process Output
•Record the information and interest of the customer mortgaged in computerized system Process
•Automatically calculate the payment of the customer’s mortgaged based on the interest by the pawnshop policy Output
Table 1.2 NEW SYSTEM
Input Process Output
Significance of the Study
The system will give benefits to the following:
•Owner – the owner can easily managed the total profit of his pawning business through the E-Pawning System because the system has the capability to compute all the transactions made by the costumers.
•Costumers – the customer of the pawnshop will receive an information regarding in his mortgaged five(5) days before the due date before his mortgaged be auctioned through the system SMS Notification.
•Employer – the employer is also the beneficiaries of this system, through this system, the employer has the ability to manage his time because of the automated computation of payment of each customer.
•Future Researchers. This study will serves as reference for the future researchers on their future study.
Scope and Delimitations
This study covers the pawnshop in San Leonardo. The customers will have an information according on their mortgaged through the system SMS Notification. This proposed study is aiming to ensure all the information by the customer be secured to avoid the duplication of data because of its unique identity of each customer and to also avoid the losses of their things.
After the customer is informed by the system SMS Notification, the customer who one not able to pay his mortgaged it will mark as for auctioned by the employer of the pawnshop. And this system could not print customer pawning details and only jewelry and gadgets can be pawn.
Cost Benefits Analysis
Computer Specifications Php 22,000.00
CPUAMD A4-3400 APU with Radeon(tm)
HD Graphics (2 CPUs) 2.7Ghz
Hard Drive500GB SATA Drive
Other FeaturesBuilt in Ethernet, sound and as many USB Ports as possible with at least two on the front panel for easy access
Globe tatoo broad band
model E153 hspda usb stick1600.00
TOTAL HARDWARE COST= 1600.00
Definition of Terms
1.Mortgaged –A debt instrument, secured by the collateral of specified real estate property, that the borrower is obliged to pay back with a predetermined set of payments.
2.Auction – is a process of buying and selling goods or services by offering them up for bid, taking bids, and then selling the item to the highest bidder. 3.Interest – The cost of borrowing money, usually expressed as a percentage.