|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,
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.