Transactions are eventually passed to a common set of ledgers that provide the data for accounting, auditing, control and reporting functions.

Depending on the process, information is either pushed or pulled into a repository and then acted upon as desired.Because life is not static, neither should your information be. ABIS moves information between the transaction modules and the data repositories on a real-time basis, allowing a continual look at the data as required. This assists bank managers and staff in assuring that transactions are both accurate and safe by increasing the ease of risk management.





All transactions are posted to ABIS's accounting module or, as desired by the bank, to another, outside ledger system. From within ABIS's accounting program, users have the ability to review data and make changes and corrections as necessary. Transactions are first approved as set-up within ABIS's security module. In addition, if connected to ABIS's SWIFT module, incoming data can be automatically loaded and reconciled within the accounting program. Cash flow reports can be generated throughout the day, as can Nostro balances and other reporting items.

At the end of a business day, the bank can close individual modules or perform a complete close, depending on the workflow of the bank. Data can then be prepared for the creation of financial statements.

And because control and compliance is central to the proper management of a bank, a full list of audit compliance reporting is available, from voucher




To assist with straight through processing, ABIS transactions can also link with the ABIS SWIFT module. ABIS pulls transaction data into the SWIFT module as created during transaction entry. This can then be reviewed and approved for transmittal.

ABIS's SWIFT Module also handles inbound messages and integrates these both on the transaction level and on the accounting level. Reconciliation is handled on an exception basis for incoming payments. Users can also generate appropriate test keys for messages.




Attention to detail is important, but so is the ability to get the big picture. While each of ABIS's transaction modules provide a detailed information port for those associated transactions, ABIS's MIS module provides a view on the bank's entire operations, either on a global or business segment basis. From within this module, institutions can gain a view as to profitability, client activity, fees and cost of funds and other valuable business analysis tools. The MIS module enables management to plan proactively as opposed to reactively, identifying business fluctuations, and projecting ahead to see likely activity and results.




From client to regulatory agencies, ABIS is designed to increase throughput and efficiency. ABIS's Statutory Reporting modules are integrated with the ABIS system so that data does not need to be re-keyed. Relying on our maintenance services, ABIS keeps its statutory reports up-to-date, minimizing time and effort in compliance.

 


| Design Philosophy | ABIS Structure | Core Elements | Transactions | Repositories | | Each of Modules | Product Features |