ABIS Profile

With the speed of technological change, applications by default must be flexible enough to accommodate a wide variety of technical operating requirements while retaining their ability to add value to the business cycle. ABIS meets this challenge by being both platform and database independent, allowing financial institutions to leverage their technology investments.
ABIS is a scalable mix of applications, allowing solutions for multi-branch, multi-company operations to single, standalone ones. And as it is a Windows-based product, ABIS provides for intuitive learning and processing through a common, workflow format.

Created around a core set of modules, ABIS shares information throughout the program. Because of this design, data can be accessed within a module for queries and reports or from a system standpoint providing global information. All transactions are checked and validated through ABIS's data definition rules, assuring proper handling of data by the system and reducing entry errors.

Back office processing can consume a great amount of both time and resources within any financial institution. The goal is to minimize effort and expense needed to carry out these critical functions. All transactions within ABIS are integrated both with settlement systems such as SWIFT as well as with a ledger system for management and reporting information. Common information is centrally stored, protected and accessed. Daily close cycles have been reduced to minutes as opposed to hours through automatic processing of transactions. When data entry errors occur, ABIS provides tools to easily errors.

Security of financial information is a key concern of all institutions. ABIS protects your data through a variety of methods. Data tables are themselves encrypted and protected so that no unauthorized access can occur outside of the system. User authorization and password accounts guarantee that appropriate parties perform the appropriate functions. Individual users can be given access to only certain programs, and their authorization within those programs can also be determined individually. A detailed authorization and approval process provides protection against unauthorized transactions by requiring additional approval before a transaction can be posted or settled. Financial institutions can establish their own checks and balances to secure their data and their institution.

ABIS's client/server features include an intuitive Graphical User Interface to speed data entry and reduce learning curves. Modules are structured around workflows, starting with transaction set-up, payments and re-payments and interest and fee calculations. Users have the option of using menus, hot-keys or program numbers to move directly to the information they need. ABIS operates on all of the standard client operating systems, including Windows 3.x, 95, 98 and Windows NT.

ABIS's design allows for an easy installation process. After consultation with the financial institution, selected modules are configured and installed. Static data, including the Chart of Accounts, Customer and Bank Information, transaction types and fees, are initially created prior to installation but then added to or modified by bank staff. And because customizing is easy, financial institutions have the ability to redefine transaction structures. In addition, data in existing formats can be uploaded into ABIS in order to provide historical and operational continuity while greatly increasing the functionality available.

To provide with greater manipulation, transaction and reporting information can be export to popular analysis programs. In addition, ABIS features a report generator that can be used to access information as needed by the bank

ABIS's design ensures internal data integrity in relation to the Year 2000 issue. Date information is kept in four digit years so information is not misconstrued. Two digit entry of dates default to the current century, or for the 20th century, 19xx, and for the 21st century 20xx. In addition, ABIS's internal calendar correctly determines leap years, calculating the appropriate business days for countries around the world.