外文文献.doc

Critical analysis ofmanagement information system ofselected Indian microfinance institutions Abhishek Behl *,Manju Singh Symbiosis Institute ofResearch and Innovation (SIRI), Symbiosis International University (SIU), Lavale, Pune, India Abstract Management Information System (MIS) lays astrong foundation onwhich any institution dealing with finance asadepartment relies on. Expansion ofbusiness, serving their existing client base, adding new customers to their family and togenerate anaura petition amongst the market are some ofthe key reasons firms across globe are using MIS systems. Microfinance sector needs MIS for gearing upeconomic stability, increasing performances and manage flow offunds because ahigh outflow offunds might fluctuate the economics ofloan disbursement. This research paper focuses onthe current structure ofMIS systems inMicro finance sector and research onthe existing scenario petition with respect tovarious vendors offering similar services. The findings ofthe research indicate that currently there isdiversity inthe services and packages offered byvendors and there isaneed tobuild mon software for all the microfinance institutions tobring inuniformity. ?2014 The Authors. Published byElsevier Ltd. Selection and peer-review under responsibility mittee ofICTMS-2013. Keywords :Microfinance Institutions; Management Information System; Technology 1. Introduction Microfinance services asdefined byMicrofinance Services Regulation Bill “providing financial assistance toanindividual oraneligible client, either directly orthrough agroup mechanism ”The importance of this sector can bejudged bythe fact that this basket has people winning Nobel Prize. With the tremendous amount ofefforts laid byProf. Yunus inBangladesh, South Asia became ahub for research and advancements in microfinance. Studies havedepicted that there are more than 12,000 microfinance institutions having close to700 million active borrowers. There are still over 5billion inthe unbanked sect