IB SYSTEM OBJECT CBS applications by business areas
The solution provides automated processing of bank guarantees within a unified database. The functionality enables users to:
- Submit guarantee applications and streamline the decision-making process
- Calculate and charge applicable fees
- Execute guarantee agreements and generate printed forms and other documents required for their issuance
A user-friendly interface and configurable validation rules of varying levels of strictness help minimize manual data entry errors. Process automation enables bulk processing of the following operations:
- Calculation of loan quality categories
- Provision settlement
- Debt recognition and recording
- Agreement closure
Dedicated transactions enable users to generate SWIFT messages for bank guarantees while automatically saving payment instructions during the initial data entry. This reduces the risk of errors when preparing messages for the SWIFT system and simplifies the overall workflow for users.
Provide clients with integrated services combining deposit products and payment cards within a single service package.
Applications in the Comprehensive Services business area enable:
- Creating service packages that combine various deposit and payment card products
- Executing and managing comprehensive service agreements with clients
The automation of these processes reduces the time required to register deposit agreements and issue payment cards included in service packages, while improving the efficiency of customer service.
This functional module comprises more than 150 applications, enabling banks to configure a comprehensive solution tailored to their specific requirements and providing extensive functionality for managing client savings accounts.
The applications support a wide range of operations throughout the entire lifecycle of savings account agreements, from initial registration to closure, including:
- Registration of agreements for account holders and third parties
- Registration of general powers of attorney and powers of attorney for specific transactions under an agreement
- Debit and credit transactions with automated control of key agreement restrictions
- Support for multi-currency agreements Calculation and processing of one-time and recurring fees
- Interest calculation and accounting
- Flexible configuration of interest calculation based on the term, amount, and period for which funds are held in the account
- Automatic recalculation of interest upon early termination of an agreement
- Bulk processing of transactions across multiple agreements
- гManagement of bonus and loyalty programs
- Calculation and accounting of taxes on interest income
- Support for IFRS-compliant accounting
- Generation of operational reports and maintenance of an agreement register
The solution provides a configurable rules engine that enables users to create and manage validation rules with different levels of strictness for monitoring payments, clients, and banking processes..
The solution provides comprehensive functionality for HR record management and maintaining a centralized database of the bank’s employees.
The functionality supports payroll calculation and accounting, HR order management and business trip processing, enabling a high level of automation across key HR processes.
The solution also supports the management of internal administrative agreements and transactions related to the bank’s day-to-day operations.
Applications within the General Ledger business area provide a powerful framework for building analytical models and support accounting across multiple charts of accounts. They allow the bank to maintain any number of charts of accounts simultaneously, define their structure and consolidate the bank’s balance sheet for any specified period.
The bank can:
- Optimise the account opening and servicing process
- Assign account opening permissions
- Generate messages for tax authorities
Dedicated settings are available for creating exchange difference accounts and identifying them in revaluation transactions.
The system supports the processing of non-cash, cash and off-balance-sheet documents. Various controls help prevent duplicate entries and mitigate risks associated with currency control.
Applications in this business area enable integration:
- With any external systems, services and software using standard Oracle interface mechanisms
- With other systems that support the generation of XML data messages
Ensure stable, fast and reliable integration between IB SYSTEM OBJECT CBS and various external systems using a configurable integration transport based on XML. Reduce the cost of developing and maintaining gateways to external systems.
This business area comprises more than 500 applications, enabling the bank to select a comprehensive solution tailored to its specific requirements and cover its core technological needs for loan servicing.
Applications in this business area support a wide range of operations related to loan origination, limit management, debt accounting, restructuring and other lending processes.
The Lending functional module supports accounting for the following main types of loans:
- Overdrafts
- Credit facilities
- Personal and corporate loans
These applications enable fast and convenient processing of money transfers and automate the following processes:
- Accepting and processing outgoing transfers from individuals to accounts held with other banks
- Generating accounting entries based on the specific requirements of budget payments and retail money transfers made by individuals
The system supports the generation of summary statements to simplify settlements with service providers, as well as the automatic online registration of transfers.
Key processes supported:
- Recording retail money transfers
- Transfers from individuals to accounts held with other banks
- Intra-bank transfers
- Generation of summary statements
Comprehensive functionality for servicing clients’ current accounts, process automation, transaction control, and integration with external systems.
The Plastic Cards application suite is designed to manage agreements for credit and overdraft cards, as well as to account for technical debt arising from payment card transactions. The applications support accounting and analytical records for loan transactions performed using bank cards.
Key processes supported:
- Managing the full cycle of ordering and issuing personalised bank cards
- Automatically generating requests for subsequent submission to the processing centre
- Printing required documents
- Maintaining records of debit and credit cards
- Providing overdraft facilities for debit cards
- Calculating and recording card servicing fees and card transactions
The Precious Metals Transactions application suite is designed for banks that provide clients with services for buying and selling commemorative and bullion coins.
The applications automate accounting processes for precious metals transactions.
The system supports collecting requests from business units and creating consolidated orders for coins and bullion, setting individual prices based on margins, and applying individual pricing for bulk sales.
Key processes supported:
- Generating and processing coin purchase requests from branches and business units
- Generating consolidated bank orders for coin purchases, receiving specifications for delivered coins, and automatically allocating coins based on requests from branches and business units
- Maintaining records of coin balances by incoming batch at acquisition cost, as well as allocating coins internally between branches and business units, including sales to the bank's own branches and replenishment between business units within the same branch
- Recording transactions with clients, including the purchase and sale of coins to legal entities and individuals
- Maintaining records of coins by storage location
- 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
The Safe Deposit Box Rental application group enables the bank to manage safe deposit box rental agreements and maintain registers of safe deposit boxes. The applications support automatic fee calculation, penalty charges for overdue rental payments, lost or damaged keys, generation of accounting documents, and printing of required reporting forms.
Key processes supported:
- Maintaining records of safe deposit boxes
- Managing rental agreements
- Managing safe deposit box keys
- Collecting rental fees
- Generating reports
The Safe Deposit Box Rental applications provide comprehensive functionality. The bank can:
- Configure various rate plans for safe deposit box services
- Maintain registers of safe deposit boxes of different sizes
- Record and manage insurance coverage
- Maintain records of safe deposit box keys, including lost keys
- Pre-calculate rental fees using a dedicated calculator
- Register agreements for multiple safe deposit boxes or create collective agreements
- Generate operational reports
Advanced functionality for automating the processing of incoming and outgoing payments within national payment systems in each country, in compliance with applicable legislation and regulatory requirements. The solution supports automation and integration modules for processing payments using the SWIFT messaging standard.
Applications in the Tax Accounting business area enable:
- Generate data on interest expenses related to received interbank loans and interest income from loans and bank guarantees provided by the credit institution
- Control amounts in accordance with applicable tax legislation
The system supports the calculation of fee-related expenses and income for tax purposes, as well as loan penalties, and income and expenses related to deposits and other banking products. This ensures convenient and automated accounting in compliance with applicable tax legislation.
Minimise the time required to register and process foreign exchange transactions in the interbank market. Flexible configuration mechanisms in the Treasury business area enable transaction management in accordance with the bank’s internal accounting policies.
The applications enable the bank to:
- Register and manage futures transactions executed within the bank or through 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 client profile management by simplifying data entry and validation of client banking details.
The system supports storing specimen seals and signatures, printing client cards, and performing other profile management functions.
The bank can configure client uniqueness validation criteria, track relationships between clients, and monitor client transactions against Stop Lists. Functionality for exchanging client profile information with external systems, along with other features, helps streamline and automate processes across all business units.