IB SYSTEM OBJECT CBS applications by business areas
Use automated technology for executing guarantee agreements in a single database. The applications enable:
- Filing applications for guarantees and streamlining decision-making
- Charging a fee for this process
- Signing the agreement, obtaining printed forms and other documents required for entering into a guarantee agreement
A user-friendly interface and a wide range of validation checks varying in strictness allow users to minimise potential manual data entry errors. Process automation will enable mass transactions for:
- Calculating loan quality categories
- Provision settlement
- Debt recording
- Closing agreements
Separate transactions allow users to generate SWIFT messages for guarantees, saving payment instructions at the time of the initial entry. This reduces the risk of errors in preparing documents for the SWIFT system, while also simplifying and enhancing user experience.
Provide clients with comprehensive services for their deposit agreements and payment cards.
Applications in the Comprehensive Services business area enable:
- Creating service packages that combine various deposit and card products
- Executing comprehensive service agreements with clients
These applications will allow the bank to significantly reduce the time required for registering deposit agreements and issuing plastic cards included in service packages.
This functional module comprises over 150 applications, which allows the bank to select a comprehensive solution in greater detail and cover the basic needs for technological support in servicing client savings accounts.
The applications enable a wide range of transactions at the time of registration of savings account agreements and throughout their life cycle:
- Registering agreements for direct holders and third parties
- Ability to register general powers of attorney and powers of attorney for specific transactions under the agreement
- Debiting and crediting to the agreement subject to control of key agreement restrictions
- Supporting multi-currency agreements
- Ability to charge one-off and periodic fees
- Interest calculation and accounting
- A wide range of settings for interest calculation based on the term, amount and duration of funds in the account
- Automatic interest recalculation upon early termination
- Ability to launch mass transactions across all agreements
- Maintaining bonus programmes
- Calculating and accounting taxes on income paid
- Compliance with IFRS accounting standards
- Generating operational reports and maintaining a register of agreements
Perform full-scope HR record management and create a centralised database of the bank’s staff.
Payroll preparation and accounting, orders maintenance and processing of business trips maximise the automation of HR processes.
Maintaining internal administrative agreements and transactions for the bank’s day-to-day operations.
Ability to use a constructor of validations varying in strictness for control of payments, clients and various processes used at the bank.
Applications in the General Ledger business area are perfect for creating analytical models. Open up the opportunities of accounting across multiple charts of accounts. The applications allow you to organise any number of charts of accounts simultaneously, define their structure and consolidate the bank’s balance sheet for an arbitrary time period.
The bank can:
- Optimise the account opening and servicing process
- Allocate account opening authorisations
- Generate messages for tax authorities
Separate settings are provided for opening exchange difference accounts and identifying them in revaluation transactions.
The system supports non-cash, cash and off-balance sheet document management. Various controls prevent double entry and eliminate risks associated with currency control.
Applications in this business area facilitate interaction:
- With any external systems, services and software through the use of standard Oracle interface mechanisms
- With other systems supporting generation of XML data messages
Ensure stable, fast and reliable interaction between the IB SYSTEM OBJECT CBS and various external systems using a configurable integration transport (XML format). Reduce costs of developing and maintaining gateways to external systems.
This business area comprises over 500 applications, which allows the bank to select a comprehensive solution in greater detail and cover the basic needs for technological support in servicing clients’ loans.
Applications in this business area enable a wide range of transactions at the time of loan registration, limit management, debt recording, restructuring and additional functionalities.
The lending functional module supports accounting of the main types of loans:
- Overdrafts
- Loan facilities
- Personal and corporate loans
These applications enable fast and convenient transfer processing and automate the following processes:
- Accepting and processing outgoing transfers from individuals to accounts with other banks
- Generating accounting entries subject to the specific features of budget payments and retail money transfers by individuals
The system supports generating summary calculations to simplify mutual settlements with service providers, as well as automatic online registration of transfers.
Tasks solved:
- Keeping record of retail money transfers
- Transfers from individuals to accounts with other banks
- Intra-bank transfers
- Summary calculations
Extended functionality for servicing client current accounts, process automation, transaction control and the ability to implement integration solutions.
The Plastic Cards application suite is designed for registering agreements for credit and overdraft cards, as well as accounting for technical debt arising from settlements using payment cards. The applications enable accounting and analytical records for loan transactions in bank cards.
Tasks solved:
- Managing the entire cycle of ordering and issuing personalised bank cards
- Automatic generation of requests for subsequent export to the processing centre
- Printing the required documents
- Keeping record of debit and credit cards
- Issuing overdrafts for debit cards
- Calculating and keeping record of card servicing fees and card transactions
- Keeping record of safe deposit boxes
- Keeping record of rental agreements
- Keeping record of keys
- Collecting fees
- Generating reports
- Configure various rate plans for servicing safe deposit boxes
- Keep registers of safe deposit boxes of various sizes
- Register and keep record of insurance coverage
- Keep record of keys to safe deposit boxes, including lost keys
- Pre-calculate the cost of safe deposit box rentals using a calculator
- Register agreements for multiple boxes or draw up collective agreements
- Generate operational reports
Extended functionality for automating the processing of incoming and outgoing payments within the national payment systems of each country. Implementation in compliance with the legislation and regulatory requirements of each country.
Ability to use automation and integration modules for processing SWIFT standard payments.
Applications in the Tax Accounting business area enable:
- Generating data on expenses in the form of interest on interbank loans received and on interest income from loans and bank guarantees provided by the credit institution
- Exercising control of amounts based on tax legislation norms
The system supports calculating fee expenses and income for tax purposes, as well as loan penalties, income and expenses on deposits and other banking products for convenient and automated accounting in compliance with tax legislation norms.
The Transactions in Precious Metal Coins application suite is designed for banks providing clients with services for buying and selling commemorative and bullion coins.
The applications maximise the automation of accounting processes for transactions in precious metals.
The system supports collecting requests from business units and creating bulk orders for coins and bullions, setting individual prices on margin, as well as individual prices for bulk sales.
Tasks solved:
- Generating and processing requests from branches and business units for coin purchases
- Generating consolidated bank requests for coin purchases, receiving specifications for delivered coins and automatically allocating coins according to requests from branches and business units
- Keeping record of coin balances by incoming batches at acquisition price and internal allocation of coins to branches and business units (sales to own branches, replenishment within business units of the same branch)
- Keeping record of transactions with clients: buying and selling coins to legal entities and individuals
- Keeping record of coins at storage locations
Minimise the time required to register and process currency buy and sell transactions in the interbank market.
Convenient application configuration mechanisms in the Treasury business area enable transaction management in compliance with the bank’s internal accounting policies.
The applications enable:
- Register and support futures deals within the bank or via an external broker
- Accelerate mutual settlements through netting
- Process transactions in accordance with international SWIFT standards
- Generate SWIFT messages in the format required by the bank
Maintain a single client database. Applications in the Unified Client Profile business area automate the client’s profile management by simplifying data entry and validation of the client’s bank details.
The system supports storing sample seals and signatures, printing client cards and many other service functions for profile management.
Configure client uniqueness validation criteria, track cross-client relations and monitor client transactions against Stop Lists. The facilities for transmitting and receiving client profile information to and from external systems and other features help organise and automate work across all business units.