|
Solutions
 Business Solutions for Banking Industry 
DAMS -
Deposit Accounting Management System
Banks float different
deposit schemes to cater to the general public needs and changing
market situations. These schemes
have benefits and rules attached
as per the guidelines issued by the
RBI/IBA.
DAMS is a solution that
enables a bank to take care of their term deposit schemes.
Functionality of the package includes Floating of New Deposit
Scheme, Maintenance of Client Information,
Accounting Operations, Interest
Calculations, Tax Deduction at source as per given
parameters, Closure of Accounts, Renewal of Accounts, Transfer of
Accounts, Lien Noting and Cancellation etc.
This solution is currently implemented at the Union Bank of
India.
IBAR - Inter Branch Accounts Reconciliation
System
Large banks face certain issues regarding Inter Branch
Reconciliation exercise. The IBAR package was developed to
identify possible frauds and ensure timely completion of
the entire process of reconciliation.
The package
is suited for any of the three types of organizations -
Centralized, Partly De-Centralized and Fully
De-Centralized. It is currently implemented
at Dena Bank (India).
DDR - Demand Draft Reconciliation
Reserve
Bank of India has instructed Banks to ensure
strict reconciliation norms and reduction of NPA on
Other Assets. In order to reduce the load on IBAR and
effectively monitor the reconciliation
process, Banks have started
segregating Demand Draft Reconciliation from IBAR.
We have developed a ready made product for Demand Drafts
Reconciliation system, which is running live in a
nationalized Bank all-over the country. This software is
implementable in two phases, one for data collection and the
other for data management. These modules can be implemented
in accordance with the Bank's needs.
WARPS - Warrants Processing System
Banks in
India offer various types of facilities to the
Corporate Clients, who come out with instruments to benefit
their investors. The system on hand caters to the functions of
monitoring the physical and accounting entries of
these instruments presented by the investors, at various
centres. Tracking the transit of these instruments
and finally lodging at the payee centre with reconciliation of paid
and unpaid instruments form the major part of the
application.
This product has been developed
primarily for Dena Bank (a nationalized Bank in India) and
implemented at their various Service Branches and Nodal Branches who
operate the centralized corporate accounts in different
cities.
Demand Drafts Payable System (DDPS)
Demand Drafts
are paid at the Service Branches of large Banks at various
centres. The software is aimed to help these Service
Branches in proper accounting, payment and data transfer
to their respective Reconciliation Departments.
This solution is currently implemented at Dena Bank
(India).
Collection of Instruments System (COINS)
Upcountry
Branches of a Large Bank send the
instruments on collection basis to the Service Branches
at respective centre. The software herein discussed will
assist the Service Branches in receiving them, sending
them under clearing, accounting for
the returns, sending credit advices to the
originating branches, queries on the same. This solution
is currently implemented at Dena Bank
Balance Sheet Package
This package helps
banks in India in consolidating the balance
sheet details received from various branches and
administrative offices as on 31st March and 30th September, every
year. Critical decisions as to
provision for bad debts, profitability figures, and
investment patterns are taken based on
the balance sheet figures. The software
provides a support system through amalgamation
of branch figures and generating
reports on various parameters. Changes
made in the figures based
on auditors' requirements and other
specifications of the Bank are monitored and kept up as audit
trail. This product is implemented at Dena Bank (a
nationalized Bank in India) at their Accounts Department, Head
Office, Mumbai.
Social Banking Department
The government
expects banks to ensure that at least
40% of their total non-food credit reaches the
socially needy sectors at
concessional interest and repayment terms. Schemes
are drawn at apex levels and agencies for
effective absorption of the funds given loans and advances and
for their utility in economic upliftment of the poor. The
schemes and plans drawn are monitored
against the actual implementation. The system on hand
does exactly this function. It also caters to the credit appraisal
part of large proposals under priority sectors, which come under the
purview of the Head Office executives. This is implemented in Social
Banking Department of a nationalized Bank.
Inspection Monitoring
Banks plan their Inspection
Schedules at the beginning of the year, taking into account
the number of branches, size, and other features. Internal auditors
would inspect many branches. However, there
may certain branches taken up for concurrent
audit and some more to be
audited by external firms.
The Inspection program and its
implementation is monitored by
this system. This is running live in
Bank of Baroda (India), in all their Zonal Inspection
Centres.
CCIS - Comprehensive Credit Information
System
CCIS is a comprehensive database on
the borrowers of a bank. All inputs from various sources on the data
elements kept in the database are taken in through electronic data
transfer. Information systems to cater to various levels
of authorities are tailor made from the central
database. This covers the information needs of the Ministry of
Finance, Reserve Bank of India and the Bank. This package has been
developed for Bank of India. The product has two modules, viz., the
Head Office Module and the Branch Module. The Head Office Module was
developed on Sybase back-end with APT whereas the
Branch Module was developed under COBOL to capture data from
Branches.
Business Solutions for
Bombay Stock Exchange
Safe Custody and Dividend Distribution System
This
package maintains the depository and custodian
operations for stock brokers in a Bank,
which acts as the depository for
Bombay Stock Exchange. The software is
expected to take care of data
warehousing requirements of approximately 5 million records.
The search and match mechanism is to handle about
50000 records amongst the 5 million records
on a daily basis. This system is
developed for Bank of India, Mumbai Main
Branch.
Collaterals Management System
This package
manages the margins to be
maintained by the clearing members of the
stock exchanges. The software is
expected to take care of all types of margins depending
on the type of trade. The on-line
monitoring feature provides the extra
feature to the software. This is to be taken up for BOI ShareHolding
Limited.
Dematerialized scrips trading system
As per
the norms of SEBI, Bombay Stock
Exchange has started dealing with demat scrips in the
trading ring. For this, we have developed software and
implemented the same at BOI ShareHolding Limited. The package also
enables the brokers to deal in any form of transactions, viz.,
physical or demat.
Bad Delivery Monitoring System
This package is
scheduled to control the bad deliveries made during the trade
deliveries by the clearing members. The system consists of four
modules. The system provides for a member module, which
checks the bad deliveries at the member end
itself. Further, the system goes to identify the client introducing
the bad deliveries and gives cautions to all other members on
the client. In addition to the intra-exchange bad deliveries,
the system also handles inter-exchange bad deliveries. The package
is currently implemented in the Bad Deliveries Cell of Mumbai Stock
Exchange.
CDSL DP Back Office System
This system
is developed to facilitate the
Depository Participants (DP) of Central Depository
Services Limited (CDSL) to manage their depository
operations. All kinds of beneficiary owner accounts are
covered in the system. Charges as per the convenience of the
DPs can also be accommodated in
the same system, without any additional functionality.
If needed, linking this system to the
existing accounting system of the DPs can be incorporated
without any difficulty. Reporting system covers a
wide range of requirements. This system is
developed using .NET technology as front
end and MS-SQL Server as back-end.
Business Solution for BOI
Share Holding
BOI Share Holding is the ClearingHouse for Mumbai
Stock Exchange floated by Bank of India and Bombay Stock
Exchange. We are proud to be associated with this company in
all their software activities. We have
developed and are maintaining their software systems.
Some of the software applications
are ClearingHouse Settlements, Badla Depositories,
NSDL and CDSL operations, Accounts and Connectivity
solutions.
Human Resource
Management
The product is best suitable for big
organizations including Bank, for the upkeep
of Personnel Inventory Details for all their staff. The
package is developed on Sybase-Power Builder
platform. Intricate calculations like seniority
number are done with the help of
internal procedures. Running lives and is
being implemented in stages. The functionality
includes:
- Storage and Management of Organisational details
-
Storage and Management of Employee Information
- Training and
Development
- Performance Appraisal
- Career planning and
development
- Salary and Tax calculations
- Arrears
Computations
- Parameterised Reports Generation
- Perks
Monitoring
- Arrears Computations
- Bonus Computation
-
Internal and External Loans
Miscellaneous Business
Solutions
B2B Portal - For Ellianz, US
Concept:
To provide a web-based platform that allows
companies to identify a large number of potential
partners, qualify these partners and
quickly consummate their relationships. Using this
solution, companies can strike the
right deal with the right partner in a short period of
time.
Registration, Multiple
Anonymous/Target profiles,
Questionnaire, E-mail Engine, Automatic Search and
E-mail collation, Chat, Video conferencing. Automatic crawling of
web for fetching data from various sites. Developed using Oracle 8i,
Apache Server, Internet Information Server, Java, Java Scripts, JSP,
WebLogic, Perl-CGI, Linux
InPOS - Inventory and Purchase Order
System
The perfect solution for
Inventory and Purchase Control. Enables a
manufacturing company to monitor and
optimize inventory levels and
purchases of parts and raw materials. Upkeep of minimal inventory,
reduction of redundant inventory and elimination of non-moving
inventory are the main aspects of the package. Developed
for Precision Electricals, Mumbai, India.
STATMAN - Stationary Management System
This
package manages the centralized
distribution system of stationery
items in a commercial organization. Primary
functions include purchase management, inventory
management and distribution as per
indents received are the main functions of the software.
The software is especially
useful in tracking security items
like check books. It is currently implemented at the Central
Stationery Management Department of Bank Of India,
Mumbai.
OASys - Office Administration System
This
package maintains details of the
various administrative tasks such as vehicles, telephones, etc.
given to the executives and monitors the expenses
incurred. Further, it also takes care of the executives' travel
bills, including sanctioning as per limits. It is currently
operational in Dena Bank and Bank of Baroda (India).
Migration of Payroll Application
Migration
of Payroll Application from Progress
environment to IBM Mainframe. Entire project cycle
was executed partly onsite and partly
offshore. This project required expertise in Progress
suite of products as well as COBOL for MVS and
DB2.
|
