Operational and Banking Transactions

Operational and Banking Transactions: The accounting core is extended in IBS by the transaction module on which the following modules are implemented:

• Debtors and Creditors
• Contracts and Billing
• Fixed Terms
• Loans
• Holdings
• Purchase / Sale of securities and shares
• Safe storage
• Discount of documents

The modules are extensible based on the definition of new transactions and reports which can be configured by the user. The Transactions allow easy operation of recurrent procedures be they commercial or banking, through a powerful configuration tool it is possible to configure the journal entry to generate, the advice or notice to be issued as well as new automatic transactions generated when updating the current transaction. All these configurations are available to be managed by the correct user. The Transactions generated are simple to enter and encapsulate the complexity of the accounting and enables advice associated with them, making them dynamically adaptable to the format chosen by the company once the format has been unified and description managed on the journal entries generated while the system verifies that users are enabled to operate that transaction. Such a solution would reach four primary objectives:

1. Transactions can be entered with a much greater agility and speed than being entered through accounting journal entries.
2. The possibility of errors Is reduced almost completely which gives consistency to the journal entries generated for each economic / financial event.
3. An inexperienced user can enter complex transactions on the system without needing to know how these should be accounted for since the system was configured by an expert user to always generate the journal entries correctly. It is also worth noting here that each document entered into the system undergoes a double verification process, ie the system allows that if a user enters a document, a supervisor user can verify that it is correct and confirm it in order to minimize further the possibility of typing errors
4. The system adapts to the user and not the other way round, making it easy to configure new transactions adapting to the realities and businesses.

Bank Accounts (Call Accounts). Allows comprehensive management of customer vista deposits with which it is possible to enter debits and credits in current accounts, Internal transfers between accounts, transfers to and from external sources. The accounts can be in all currencies defined in the system when necessary. The module contains the automation of the payment or receipt of interest on the accounts and can set rates or generic fixed amounts and exceptions for special clients, through a process interest is paid or charged automatically and debited / credited to the customer account against indicated configured results.

Fixed terms and Participations:. It is possible to enter fixed-term deposits and loans for customers in the bank as well as bank to other banks. In turn, this module automates in a simple, quick way a complicated operation which is the incoming transfers of banks to clients. It permits cancellations and renewals at the expiration or early cancellation or changes of conditions at the request of customers with fixed terms. On the other hand it accrues interest on fixed-term operations with the desired frequency (Monthly, weekly, daily, etc.). This module is associated with a series of reports that express the current situation and the situation in the future, you can clearly see how much time and how much the future maturities involve.

Securities Custody IBS allows the complete management of portfolios of securities of all kinds (bonds, shares, funds, debentures, etc.) providing both the ease of operating ingression of buying / selling in the name of clients as well as maintaining a personal portfolio and the ability to perform queries and reports on the holdings. IBS also supports charging customers a fee for custody configurable at a general level or at the level of individual customers. At the time of settlement of dividends or coupon cut it is easy to make a payment to all customers in their care that species in or guardians who have paid, simply enter the type, the amount paid for each custodian and the system splits the money proportionately among the clients.

Forex. IBS supports agile and powerful handling of currency exchange transactions through an interface that streamlines the entry and confirmation of operations. This allows entry, from simple exchange transactions to transfers in which the money is taken in a currency and wired in another currency. As mentioned in the introduction to the solution modules of documents, it is possible to import these transactions directly from an exchange system or from a system of income transfers.