How to design an IT framework

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IT Strategy
I need to design an IT framework for a factoring firm, right from collecting prospective client data into a database to onboarding the client and doing risk assessment on them and completing the process till the amount lent has been recovered. Can anybody suggest me various ways I can do that?
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  1. framework is the basic structure of something. …
  2. Identify categories of information as the basis of your framework. …
  3. The second step in creating a good framework is to develop a way to represent the list visually. …
  4. Start creating design frameworks to improve your team’s ability to solve complex problems.

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  • Subhendu Sen
    Is this your company of just an assignment? If it is your company, what measures already you took or how did you think over that? And requires competent persons to perform this type of work. Also this depends on your budget. You can link here for getting more info: https://www.mitre.org/publications/systems-engineering-guide/se-lifecycle-building-blocks/system-architecture/architectural-frameworks-models-and-views
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  • mastermindofdps
    It is for a NBFC startup. By framework I mean the IT tools and software to use to automate the factoring workflow as much as possible. Currently we just have a database containing client information collected through the form in the website. Budget is limited.
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  • ToddN2000
    What is your technical background? Are there other to assist in the project? If you or others lack the skills, this will be a difficult project. 
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  • Bhavitratech
    All programmers agree on the importance of an efficient framework whether it is developing an application or automated testing. For automation testing, there are a bunch of frameworks available online like Robot and Nose, even python provides Pytest with all basic features a framework should possess. While these frameworks provide a wide range of features they may always not be customizable to your needs. Apart from the feature, there will always be an external dependency for support and maintenance with these frameworks. What will you do in that scenario? Compromise? That is not the solution for long-term, at least with the framework.
    What if you can design a framework which works flawlessly with your application? Assuming you are a bit flexible about time (and why not if it will save you a lot of time, trouble and complexity in future) and you have required expertise in a programming language. Here I will provide you with basics and flow for creating your own framework as per your needs. And it is going to be exciting!!!
    Please note that here I will not provide you with any codes as it will not be applicable to your situation. Although you will get to know the flow for creating a framework, features you can add to your framework and guidelines and best practices.

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  • Subhendu Sen
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