Banking and financial services

Great automation, provides end to end automated data flow reporting solution

Our software solution is more than a reporting solution and offers a number of advantages in streamlining various processes such as that of auditing, tracking the performance of business functions; governing the organization etc. the software assists the banking institution to fully comply with the requisite set of activities they have to perform such as submission of set of compliance reports to the Central Bank at a regular interval minus any manual intervention. Our ADF Reporting Solution consists of Entity Model based approach which assists the banks in complying with these guidelines. The process of extracting data from different sources/system is optimized and submission of all the important reports including the submission of the central bank statutory report is also optimized. With the help of the software the submission of the reports become an automatic and an easy task as it consists of a XBRL (extensible Business Reporting Language)—which is a global standard for communicating and exchanging business information in the digital form.

The software facilitates one version across multiple reports referring to the same subject area and thus avoids confusion, triggering a faster business process.

• The software consists of a Data Lineage feature which traces the CDR contents with details of source systems and timestamp of extraction.
• Our software solution consists of a validation and reconciliation mechanism which makes sure that the reports are linked to the Financial Books to get a better understanding and arriving on the correct conclusions.
• The Banking software has a robust workflow system which is easily configurable. It facilitates workflow to schedule, adjust data and perform auditing etc. it also is equipped with the ability to track data and trace it back to the source/owner.

Get an all-round performance management solution Keep a record of the performance

Our software solution is built-in with several capabilities that make it powerful software. It acts as an efficient tool to track the performance management of the entire bank! The banking Analytics tool enables the banking personnel to measure and analyze the performance of the bank in terms of the ambit of their control. All the data of the bank is stored in a systematic way and in the form of dimensions and measures. Precise classification is done on the basis of the functional subject areas. The software is quite comprehensive in nature and covers areas pertaining to the retail and corporate banking- they include Loans, Deposits, Trade Finance, Financial Profitability, Customer, Treasury, etc. The software has a prebuilt and available data model which serves as the ‘Data mart for Analytics Comprehensive UDB’. It finds out the aggregated report metric to fine granular data up to the account level.

Loan management done efficiently, know your customer better

To increase the customer base, it is important to tap any potential opportunity. Efforts need to be made to convert maximum number of leads into actual clients. The knowledge the bank has about its customers has a great impact in its success and progress. Our BFSI solution empowers the bank to know their customers really well by capturing all the relevant information. The Loan Origination system helps the banks to keep a close watch on the customers who have availed loan from the banks. Business can be managed with great ease with our integrated software solution for the banking. Each step right from lead generation to the booking comes under the preview of the software along with the risk-taking activities of the bank.

• The software solution helps in taking caution during the process of pre-closing which is done with the help of built-in features that are used for ordering and review of searches, appraisals and title policies.
• It also helps in making better decisions for the organization with the dynamic rule configuration.
• The software quickens the operations as it is equipped with offline application processing capabilities.
• The software minimizes the risks associated with credit evaluation and structuring, including interface with external agencies for credit scoring

Increase your customer base

Increasing the customer base will mean increasing the profitability of your organization. Customer acquisition and customer retention are very important for the survival of a business. To attract customers and maintain their loyalty, the organization should first focus on improving every business process along with the customer engagement processes. This can be achieved with the help of our integrated software solution that provides a system which facilitates a seamless integration among all the processes pertaining to the customers. For instance, our Cash Management module, manages bulk payment and collection transactions easily.

• The software manages all processes by automating them and improves them considerably.
• The software manages the payments in the form of Demand Draft, Clearing, RTGS, ECS, NECS, CTS.
• It is equipped with the capability to handle high volume transactions easily leaving no scope for manual intervention and further any human errors.
• The solution automatically calculates maintenance charges at different levels.

Make Payment Realization a smooth task

If payment realization is not done on time it simply means that the inflow of the income will also be delayed. So, a vigilant eye should be kept on each amount incurred. In fact, every business transaction should be tracked and monitored closely, so that optimization can be achieved. Our solution helps in achieving just that.

The software puts an effective process in place pertaining to processing, payment instruction and receipts.

• It helps in the improvement of the processes by automating them.
• It streamlines the work flow ensuring that payments, reporting etc, are done in a smooth manner.

Ensure quick reconciliation across multiple systems
Save time, save money

Our BFSI software solution helps in the reconciliation of transactions across various systems. It puts in place a perfect system in place as should be the case with the multiple systems. Our reconciliation system helps reconcile entries in two or more systems. It is a highly flexible system that helps in saving a considerable amount of time and energy.

• The software replaces several reconciliation systems with one generic system. It configures rules for better record matching.
• It is equipped to manage multiple currencies and can process and reconcile over 20000 records within a minute.

Trigger an automated banking documentation process

The software helps the BFSI in automating the documentation process while complying with regulations. The banking industry can avoid any loss of valuable information as the software facilitates recording of the documents in a systematic way. It automatically generates numerous banking documents and gives real-time information on different business processes. Thus, the software proves to be of great help in the planning process and in the future litigation process as well.

The software makes sure that banking documents such as letter of guarantee, customer details etc. are generated in a short span of time. The e-documents trigger faster transmission of information and data.

OPTIMIZE YOUR EXPENSES; PUT A COST-EFFICIENT PROCESS IN PLACE

The software helps in containing the revenue leakage and assists in curbing the expenses. Expenses management is a critical task and requires humongous paper-based transactions. Our banking software solution consists of an efficient Centralized Expense Management module which tracks requests and payments from branches in a centralized accounts-payable place. It is integrated with the core banking solution and thus acts as a great tool to make highly informed decisions and exercising a greater control.

• The software assists in making decisions with the help of real-time information available.
• Tax for payments as per the tax rates can be easily and quickly calculated.
• The software has a provision for outstanding expenses and prepaid expenses.

GREATER CUSTOMER SATISFACTION, TREAT THE CUSTOMER AS A KING

The banking software solution offers a number of advantages to the banking sector. The feature of the software provides an automated statement delivery. The banking organizations can reduce TAT and ensure greater customer satisfaction It also ensures the confidentiality of the statements and their timely delivery the software consists of a centralized Statement Delivery system which automates the delivery of customer statement/ business documents along with a great security system in place. An efficient system is in place which tracks the delivered and undelivered mail statements and automatically generates reports from the system.

• The software creates master documents in a highly flexible manner which helps in reducing the turnaround time.
• It completely automates the process of statement delivery and avoids manual intervention.
• It is time-efficient and generates/ dispatches huge volumes of statements quickly.