Business
The computer's characteristic as high speed of calculation, diligence, accuracy, reliability, or versatility has made it an integrated part in all business organisations.Computer is used in business organisation for:
- Payroll Calculations
- Budgeting
- Sales Analysis
- Financial forecasting
- Managing employees database
- Maintenance of stocks, etc.
Banking
Today Banking is almost totally dependent on computer.Banks provide following facilities:
- Banks on-line accounting facility, which includes current balances, deposits, overdrafts, interest charges, shares and trustee records.
- ATM machines are making it even easier for customers to deal with banks.
Insurance
Insurance companies are keeping all records up-to-date with the help of computers. The Insurance Companies, Finance houses and Stock broking firms are widely using computers for their concerns.Insurance Companies are maintaining a database of all clients with information showing:
- how to continue with policies
- starting date of the policies
- next due instalment of a policy
- maturity date
- interests due
- survival benefits
- bonus
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