Banking and Financial ERP

Core Banking:

• This module manages all the core banking functions such as account opening, deposits, withdrawals, and other transactions. All account types such as CASA, Deposits, Loans, CC/OD, Remittances and Lockers are supported.

  • All entries done are automatically reflected in Company Accounting and Customer Relationship

Business Intelligence (BI) and Analytics:

• To provide data-driven insights into the performance of the bank (At individual resource level such as Employee, Employee Group, Branch, Account, Customer Groups and each Product) and support informed decision-making.

  • Holistic view of the bank can be seen by the management. Various performance indicators take data from different modules and give accurate data

Delivery Channels:

To provide customers with secure access to banking services through mobile and online channels which use the same engine for front and backend as used by the remaining application to provide a singular experience to all stakeholders in the bank. Additionally all required delivery channels are supported.

FOREX:

•  Support for multi-currency is available in the ERP.

  • Ensures correct mark to market position of data

Risk Management:

• This module helps the bank manage various types of risks such as credit risk, market risk, and operational risk.

• Allows management of risk across all modules

• Allows handing inter-modular risk

Report Generation:

• This module generates various reports such as financial reports, management reports, and regulatory reports.

  • Inter-modular reports can be generated

Supply Chain / Inventory Management:

• To manage procurement, inventory, and distribution processes.

  • Once inventory is purchased in accounting, it automatically becomes a part of inventory management

  • If inventory is discarded, sold or lost, impact is shown automatically in company accounting

Treasury Management:

•  This module manages the bank's treasury operations such as Financial investments, borrowings and liquidity

  • Treasury manager can use CBS to identify float

  • If there is a need for cash, borrowings can be done directly

  • Brokerage/processing fee does not need to be entered again into company accounting

Accounting:

• This module manages the bank's financial accounting and reporting.

  • Balance Sheet of entire bank is reconciled from each module and transactions

  • No banking transactions need to be entered in accounting module and no accounting transactions need to be entered in CBS

Customer Relationship Management (CRM):

• This module helps to manage customer interactions and relationships including the concept of a Relationship Manager. New products can be sold to the customer from this module.

  • Allows relationship manager to open accounts or issue cards as per conversation on call with customers

Fixed Asset / Depreciation Management:

• This module manages the bank’s fixed assets. It provides support for both the Income Tax (Straight Line Depreciation) and Company Accounting (Accelerated Depreciation) based depreciation.

  • Whenever an item is purchased/sold, entry only needs to be done once. All details are available for ROC and Income Tax

Human Resource Management (HRM):

•  To manage personnel and workforce management, including payroll, benefits administration, leave sanction and appraisal management.

  • Allows human resources of the bank to request for loans directly

Loan Origination System:

• This module manages loan request entry, loan workflow, disbursal, repayment, and interest calculation. Different charges and NPA is also managed.

  • Same data doesn’t need to be entered into CBS once loan is sanctioned

Recovery & Legal:

• This module helps the bank recover the sub-standard and NPA loans including tracking legal progress.

  • Recovery module gets automatically updated through CBS

  • Recovery agents can use the same software to do receipt transactions

Support Management:

Trade Finance:

Treasury Management:

• This module allows customer issue management with Ticket Issuance, SLA, Problem Solution Workflow, and Customer Notification support.

  • Single support person can read and check issues

  • Different departments can log support issues

Trade Finance:

• This module manages trade finance operations such as Letters of Credit and Bank Guarantees.

  • No need to do re-entry as information is available to all module