e2gen Cash Management
Financial institutions face the challenge of managing their cash positions; however, this essential business requirement is usually hampered by the lack of dedicated software. Production of management information for the business is complicated by diverse manual processes.
The lack of operational controls and systems for this essential business activity can place the business at risk leading to reputational and costly financial penalties.
e2gen Cash Management (CM) solves these critical issues by providing a single solution for users to view and manage the intra-day cash balances. The solution also provides projected positions to enable the institution to manage its settlement requirements for the future. The user effort previously spent in deriving and consolidating information is completely eliminated along with the risks inherent in those processes. Intra-day balances are continually available, transfers and cut off time processing can be automatic or manually initiated. Cash balances are visible to the dealing room to facilitate the placement of overnight deposits. Automatic sweeping and settlement message production further enhances cash processing for the institution.
Integrated Solution
CM installs on the IBM iSeries (i5) to provide a high performance, resilient and a fully scalable processing solution. Integration with popular back office solutions include:
· Equation
· G3
· IBIS
· ICBS / Signature
· MIDAS
· OLYMPIC
The standard interfaces allow rapid deployment and return on investment. Unix and Proprietary systems are supported. Additionally, spreadsheets and proprietary files can be incorporated into the reconciliations.
Overview
The solution can be configured to derive the opening balance from either the previous day’s SWIFT statements (for external positioning) or from the balances held in the back office system (for internal positioning).
KEY FEATURES
Manual Adjustments
For any positional movements that cannot be derived from the back office system (e.g. they may not be booked yet), a series of value dated adjustments can be input. They can be configured to either automatically be removed during the next end of day run or allowed to persist until they reach value or are removed manually.
Sweeping
CM performs the sweeping of account balances by automatically transferring amounts that exceed (or fall short of) a certain level into a Main account. The Main account can then subsequently be swept. Multiple layers of sweeping can be configured.
Manual Transfers
Users may request a manual transfer at any time; regardless of whether an account is automatically swept or not. Four eyes approval of the pending transfer is configurable.
Compliance, User Security & Audit
User profile and static data changes are managed under dual control. Users can be allocated to, or prevented from handling specific functionalities and multi-currency processes. Comprehensive audit logs of all changes are available for the appropriate staff. Benefits of this feature are:
· Configurable compliance & audit control
· User profile management
· Static data management
· User limits
· The matching different limits
· Un-matching
· Dual control (4 eyes)
· Audit & message change audit
All data changes are date and time stamped. All processing events (system and user) are logged on the audit trails and attached to each message.
GENERAL FEATURES
Settlement
Following the sweeping process across specific accounts, CM automatically creates any outward messages. Typically these are SWIFT MT200/202 messages although any other messages as credit/debit advices can also be configured.
Posting
Posting of transfers is carried out in real time. Posting references, transaction codes and ledger narratives are fully configurable and cross-referenced in the CM database. Any related messages are also cross referenced to provide a full transaction processing history and audit trail.
Authorizing postings is configurable - message release can be prevented if the postings have not been approved.
Account Position Views
The account positions screens provide users with a range of functionality including:
· View details of how the position is calculated
· Print details of how the position is calculated
· View transfer history
· Request a transfer
· Authorize a transfer
· Cancel a transfer request.
Message Release
Once outward messages have been created they can be released for transmission. Message release processing is configurable (automatic, 2 eyes or 4 eyes) to meet your requirements.
Transfer History & Audit Trail
A full history of all the transfers that have taken place is maintained and can be viewed at any time. All activities are date and time stamped; including details of the users requesting and authorizing transfers.
Other general features include:
· Multi-currency, multi entity
· Real time ledger integration
· Account validation
· Automatic intra-day & cut off time processing
· Currency projections
· Flexible cut off times by account or currency
· Minimum balance monitoring
· Transfer message generation
· Complete transfer history
· Dealing room reports & views
· Export to Excel
· Integrated message generation
· Real time SWIFT transfer gateway
· On-line history
If required, each account can be configured to maintain a minimum balance that can be preserved whilst generating transfers. Alternatively, a transfer can be made using the full calculated amount or rounded to a specific transfer amount. Cut-off time transfers can also be managed automatically or be initiated manually.
Appears on these sections
Product and service specifications
| Database |
• DB2
|
| Language used |
• Other
|
| Operating system |
• IBM i (i5/OS)
• Windows 2003
• Windows Vista
• Windows XP
|
| Pricing structure |
• Per seat
• Volume-based
|
| User interface |
• GUI
|
Tags:
Cash Management, Nostro, Vostro, Position, iSeries, automatic, single, solution, balance, process
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An International leading provider of financial messaging and workflows, Aqua Global will help your financial Institution achieve its Ultimate Banking Solution!!
Aqua Globals Integrated suite, e2gen, will enhance the Back Office Processing, Integration & STP for all IBM iSeries back office systems.
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