Development of Financial Management System for a Barangay Cooperative


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 :

  1. Ratnawati, F. and Santoso, B., 2024. Development of a Digital Management System in Cooperatives for Operational Efficiency Improvement. INOVTEK Polbeng-Seri Informatika9(2), pp.609-618.
  2. 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 Journal2(1), pp.1-1.
  3. 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 Technology8(1), pp.1-7.
  4. 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 Journal19(3), pp.719-729.
  5. Padua, D.K.B. and Cuevas, A., 2020. Welfare Implications of Collective Action Among Dairy Buffalo Farmers in Selected Provinces in the Philippines. Journal of Economics, Management & Agricultural Development6(2), pp.1-15.
  6. Silaen, K., Design and Build a Web-Based Accounting Information System to Optimize Financial Management. Journal of Management and Business Analytics1(1), 2025, pp.23-30.
  7. 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 Studies20, pp.10-21070.
  8. Wanga, H., 2025. Design and Implementation of a Saccos Management Information System for Sifa Saccos Members’ Savings and Credits. International Journal of Research Publication and Reviews, 6(1), pp 4858-4865.
  9. Domingo, W. and Battung, G., 2020. Financial Analytics System for a Credit Cooperative. Linker: The Journal of Computing and Technology1(1).
  10. Rachmanto, A., Muriani, M., & Adilah, N., Development of an Accounting Information System for Cash Receipts and Disbursements. Journal of Engineering Science and Technology18(6), 2023, pp.3062-3076.
  11. 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 Learning3(1), 2025, pp.16-36.
  12. 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).
  13. 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 Journal13(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.

CALL FOR PAPERS


Paper Submission Last Date
31 - January - 2026

Video Explanation for Published paper

Never miss an update from Papermashup

Get notified about the latest tutorials and downloads.

Subscribe by Email

Get alerts directly into your inbox after each post and stay updated.
Subscribe
OR

Subscribe by RSS

Add our RSS to your feedreader to get regular updates from us.
Subscribe