Business

Computer – Applications

In this chapter, we will discuss the application of computer in various fields.

Business

A computer has high speed of calculation, diligence, accuracy, reliability, or versatility which has made it an integrated pert in all business organizations.

Computer is used in business organizations for –

1 payroll calculations

2 Budgeting

3 Sales analysis

4 Financial forecasting

5 Managing employee database

6 Maintenance of stocks, etc.

Banking

Today, banking is almost totally dependent on computers.

Banks provide the following facilities –

1 Online accounting facility, which includes checking current balance, making deposits and overdrafts, checking interest charges, shares, and trustee records.

2 ATM machines which are completely automated are making it even easier for customers to deal with banks.

Insurance

Insurance companies are maintaining a database of all clients with information showing –

1 Procedure to continue with policies

2 Starting date of the policies

3 Next due installment of a policy

4 maturity date

5 Interests due

6 survival benefits

7 Bonus