Authors :
Amiel L. Aligno; Precious M. Canedo; Rugin Mae C. Coca; Maria Fate L. Hidalgo; Vernie Jerard A. Ordiz; Ryan M. Reganan; Kent Russell N. Casiño; Neptale S. Roa III
Volume/Issue :
Volume 10 - 2025, Issue 12 - December
Google Scholar :
https://tinyurl.com/mr3pu5ke
Scribd :
https://tinyurl.com/4t9ca2ht
DOI :
https://doi.org/10.38124/ijisrt/25dec1259
Note : A published paper may take 4-5 working days from the publication date to appear in PlumX Metrics, Semantic Scholar, and ResearchGate.
Abstract :
This study presents the development of a web-based Financial Management System (FMS), for the Mantibugao
Agrarian Reform Beneficiary Farmers Cooperative (MARBFC), which is located at Mantibugao, Manolo Fortich, Bukidnon
and they are currently relies on paper-based for processing membership applications, recording transactions, and managing
loans, equipment rentals, share capital, divided and patronage refunds. This system was created using the Waterfall
methodology, which included gathering requirements from cooperative officers, designing the system based on actual
workflows, developing and testing the final output. The evaluation showed that the system performed requires tasks
effectively, with the users noting faster processes and improved organization. The System Usability Scale (SUS) score of
60.83 indicates marginal yet good usability but still requires familiarization of using the features of the system. Overall, the
system enhances transparency, efficiency, and financial record management and supports better decision-making for
MARBFC.
Keywords :
Financial Management System, Dividend, Patronage Refund, Loan Management, Share Capital, Web-Based System, Waterfall Methodology.
References :
- Ratnawati, F. and Santoso, B., 2024. Development of a Digital Management System in Cooperatives for Operational Efficiency Improvement. INOVTEK Polbeng-Seri Informatika, 9(2), pp.609-618.
- Inandan, C.C., Sardañas, R.J.M. and Amparo, M.J.F., 2020. Design and Development of Web-based Cooperative Management System. Dangal Research Refereed Journal, 2(1), pp.1-1.
- Rilwan, D.M., Oyelakin, A.M. and Usman, M.A., 2021. Design and implementation of a custom, web-based cooperative loan application management system. Equity Journal of Science and Technology, 8(1), pp.1-7.
- Abdulkadir, S.A., Hussaini, A., Yusha'u, I.A. and Mohammed, R., 2024. Development and implementation of an integrated food commodities reservation and management system for the Kasu Majlis cooperative society using structured approach. Science World Journal, 19(3), pp.719-729.
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- Sari, A. and Rosyid, M.A., 2022. Design and Build a Cooperative Management Information System in Savings and Loan Cooperatives: Rancang Bangun Sistem Informasi Pengelolahan Koperasi Pada Koperasi Simpan Pinjam. Indonesian Journal of Innovation Studies, 20, pp.10-21070.
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- Rachmanto, A., Muriani, M., & Adilah, N., Development of an Accounting Information System for Cash Receipts and Disbursements. Journal of Engineering Science and Technology, 18(6), 2023, pp.3062-3076.
- Hakiki, R., Delianti, V. I., Marta, R., Cabanillas-García, J. L., Slavov, V. D., & Jalil, S. A., Smart Financial Management for Cooperatives: A Web and Payment Gateway Integration Approach. Journal of Hypermedia & Technology-Enhanced Learning, 3(1), 2025, pp.16-36.
- Laguda, A.S., 2023. Loans and Savings Management System for Bentuco National High School Faculty Cooperative. International Journal of Innovative Science and Research Technology 8 (5).
- Agtina, S.Y., Cabañero, J.N.N., Baluan, V.I., Catungal, M.L.P. and Encarnacion, P.C., 2024. Web-based Fund Collections System. International Journal, 13(3).
This study presents the development of a web-based Financial Management System (FMS), for the Mantibugao
Agrarian Reform Beneficiary Farmers Cooperative (MARBFC), which is located at Mantibugao, Manolo Fortich, Bukidnon
and they are currently relies on paper-based for processing membership applications, recording transactions, and managing
loans, equipment rentals, share capital, divided and patronage refunds. This system was created using the Waterfall
methodology, which included gathering requirements from cooperative officers, designing the system based on actual
workflows, developing and testing the final output. The evaluation showed that the system performed requires tasks
effectively, with the users noting faster processes and improved organization. The System Usability Scale (SUS) score of
60.83 indicates marginal yet good usability but still requires familiarization of using the features of the system. Overall, the
system enhances transparency, efficiency, and financial record management and supports better decision-making for
MARBFC.
Keywords :
Financial Management System, Dividend, Patronage Refund, Loan Management, Share Capital, Web-Based System, Waterfall Methodology.