Abstract
As Nigeria's economy continues to improve, an automated cash advance payment system can be achieved by adopting the automated Cash Advance Payment System (CAPS). The aim is to promote -good Corporate Governance, thereby increasing stakeholders' confidence in the day-to-day activities of the Bank. CAPS is a system designed to assist organizations in managing and administering cash advances to her employers and other related parties. The motivation for this work are challenges faced by the method of processing cash advance manually, which are prone to error or fraud, undue long hours in the computation of cash advance, and poor tracking of employee records. Insider abuse of cash advance and expense mismanagement has been the major contributor to this menace. This paper presents the design of a cash advance payment system that curbs non-repayment and prevents fraud. For this study, the languages of choice for implementation are PHP and MySQL. While PHP takes care of the client frontend, MySQL serves as the backend. Use case diagram was employed. The developed system stores information with ease, allows easy retrieval of cash advance details, eliminates cash advance fraud and generates reports, which can be printed from any date and year as hard copy for management review and audit purpose. The paper recommends that an automated cash advanced system can be deployed to overcome the observed and highlighted problems inherent in manual cash advanced systems.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Adewumi, A., Igbinedion, D., Misra, S.: Design and development of a digital identity framework for Nigeria. Int. J. Control Theor. Appl. 9(23), 355–362 (2016) Accessed 25 Oct 2020
Lauren, M.: The Evolution of Expense. https://www.tripit.com/blog/2014/05/the-history-of-expense-reports-a-look-at-how-expenses-have-evolved-throughouttime.html. Accessed 23 Feb 2020
Adewale, O.S., Mebawondu, J.O., Suleiman, M.N., Mebawondu, O.J.: A Simulation Model for Cardless Automated Teller Machine Transaction, i-manager’s Journal on digital signal processing, vol. 6 Issue. 2, pp. 1–8 (2018). https://doi.org/https://doi.org/10.26634/jdp.6.2.15588. Accessed 20 Jul 2020
First Bank of Nigeria Mortgages- Standard Operating Procedure. Accessed 2 May 2020
Acharya, V., Berger, N., Roman, A.: Lending implications of US bank stress tests: costs or benefits. J. Fin. Intermediation 34, 58–90 (2018)
Raymond, B.: Expense Management for Ascend CFO. Publisher: CFO Research Services. https://www.ascendcfo.com/pdfFiles/Expense Management Article.pdf (2009). Accessed 17 Mar 2020
Duruechi, H., Ojiegbe, N., Chigbu, S.: An impact assessment of regulatory policies on bank lending in Nigeria. International Journal of Education, Science and Public Policy in Africa (IJESPPA) (2014)
Ojiegbe, J.: Credit Analysis, Lending and Administration, Owerri. Ben-Son Publishes. Accessed 2 Jul 2020
Adewumi, A., Obinnaya, L., Misra, S.: Design and implementation of a mobile based timetable filtering system. Int. J. Control Theor. Appl. 9(23), 371–375 (2016). Accessed 25 Oct 2020
Mebawondu, J., Dahunsi, F., Adewale, O.: Hybrid intelligent model for real time assessment of voice quality of service, Scientific African journal homepage: www.elsevier.com. Accessed 7 Feb 2020
Kadge, S., Khan, U., Thange, A.: Sales and invoice management system with analysis of customer behaviour. Int. J. Comput. Appl. Willey & Sons, Inc. 136(10), 1–7 (2016)
Duruechi, H., Ojiegbe, N. Chigbu, S.: An impact assessment of regulatory policies on bank lending in Nigeria. International Journal of Education, Science and Public Policy in Africa (IJESPPA) (2014)
Mayer, C.: Developing the Rules for Corporate Governance. Business Day. Accessed 23 Jun 2020
Adewumi, A., Adia, F., Misra, S.: Design and implementation of an online examination system for grading objective and essay-type questions. Int. J. Control Theor. Appl. 9(23), pp. 363–370 (2016). Accessed 25 Oct 2020
Chen, C., Geng, L., Zhou, S.: Design and implementation of bank CRM system based on decision tree algorithm. Neural Comput. Appl. (2020). https://doi.org/https://doi.org/10.1007/s00521-020-04959-8
Dasaradh, K.: Gate and Pgecet for computer science and information technology Pgs. 9.3, Publisher, PHI Learning Private Limited, Delhi, 110092 (2014)
Dahunsi, F.M., Mebawondu, J.O., Adewale, O.S.: Performance evaluation and modeling of internet traffic of an academic institution in Nigeria: a case study of FUTA. Published in FUT Minna Journal 2015 Publication (2014)
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2021 Springer Nature Switzerland AG
About this paper
Cite this paper
John, S., Mebawondu, J.O., Olajide, A.O., Josephine, M.O. (2021). Design of Cash Advance Payment System in a Developing Country: A Case Study of First Bank of Nigeria Mortgages Limited. In: Misra, S., Muhammad-Bello, B. (eds) Information and Communication Technology and Applications. ICTA 2020. Communications in Computer and Information Science, vol 1350. Springer, Cham. https://doi.org/10.1007/978-3-030-69143-1_53
Download citation
DOI: https://doi.org/10.1007/978-3-030-69143-1_53
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-030-69142-4
Online ISBN: 978-3-030-69143-1
eBook Packages: Computer ScienceComputer Science (R0)