Application of Computers
A computer has high speed of calculation, diligence, accuracy, reliability, or versatility
which has made it an integrated part in all business organizations.
Computer is used in business organizations for −
Managing employee database
Maintenance of stocks, etc.
Today, banking is almost totally dependent on computers.
Banks provide the following facilities −
Online accounting facility, which includes checking current balance, making deposits and
overdrafts, checking interest charges, shares, and trustee records.
ATM machines which are completely automated are making it even easier for customers to
deal with banks.
Insurance companies are keeping all records up-to-date with the help of computers.
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
Procedure to continue with policies
Starting date of the policies
Next due installment of a policy