Sage 300 ERP for Banking with Core Banking System Integration

 

With our flexible financial banking management solution, we bring the ERP system and the core banking system together through a managed two-way integration solution with analytics and reporting which will assist the financial, research and other departments. The solution offers support for multiple languages and multi-currency transactions.

Sage 300 ERP for Banking is designed to keep your total cost of ownership low by electronically supporting multiple processes in the bank whether it’s financial or non-financial processes. You can now save the time and cost associated with complex processes and redirect those resources toward other processes to run more efficiently.

As your business looks for cost-effective ways to meet your bottom line, the ERP and Core Banking integration solution provides the foundation required to keep pace with ever-changing technology without giving up the functionality you need to compete in today’s marketplace.

Included in the solution we cover:

  • Core Accounting (GL, AP, AR, Cash Management & Reconciliation etc.)
  • Multicurrency Management
  • Fixed Assets Management
  • Advanced Budgeting and Forecasting
  • Workflow Management
  • Business Process Management
  • Business Intelligence, Advanced Reporting & Analytics
  • Core Banking Integration

The powerful financial tools of this solution will help you confidently manage your Bank’s complex finances and remain compliant with government regulations such as GAAP or IFRS.

 

We can highlight the following capabilities and features for Core Accounting.

Powerful bank reconciliation and tax reporting, flexible transaction processing options, powerful management of fiscal periods and informative dashboards for analytical reporting. The Core Accounting Modules help businesses succeed by accurately presenting valuable financial information in a clear, understandable format.

Track and analyse your financial data to optimise your productivity using tools and accounting structures that are tailored to your business needs. Flexibility includes user-defined chart of accounts structure, account types, journals, controls for processing and balancing options, batch control totals, earnings controls and much more. You can even control the amount of detail the system maintains. The system allows for easy month-end and year-end procedures.

With Sage 300 for Banking you will be able to perform fast data queries and then drill down to the source for more details. With its business intelligence tool, you can maintain a variety of sophisticated reports so decisions are always based on insight gained from in-depth analysis on accurate data.

Easily manage your cash flow, track and predict purchases, and analyse expenditures and product purchases, while maintaining good vendor relationships. Our solution provides quick access to the type of comprehensive data that allows you to analyse the past, monitor the present, and plan for the future – helping you make the right decisions with the required controls over your procurement and payment processes. We offer several options to save time and reduce administrative costs by automating tasks and simplifying your business processes.

 

Fixed Assets Management

We take care of all financial transactions relating to your fixed assets which includes depreciation, componentisation, asset revaluations, adjustments, impairments etc. You can also easily verify and track your assets with the latest technologies and allowing for automated financial transactions relating to the asset verification process.

Advanced Budgeting and forecasting

We provide for multiple budgets and forecasting to multiple levels with a complete audit trail and version control of your budgets. We control the changes and budget transactions through a flexible workflow engine. You can budget for capital and operational expenditure on various budget structures and allocations. We also cater for work in progress with multiple scenarios.

Workflow and Business Process Management

The solution provides for a flexible BPM capability to electronically manage your business processes such as procurement, receipts, payments, stock management etc.

Core Banking Integration

We use tools to manage the integration to and from the core banking system to ensure that you are notified of any integration issues which can be resolved through a portal to ensure up to date and accurate integrations. The integrations to and from the core banking systems include:

  • End of day balances
  • General Ledger Transactions
  • Payment Transactions
  • Cash Receipts
  • Staff Payments etc.