AUTOBANC FEATURES

AutoBanc is a banking software specifically designed for Nigerian Microfinance Banks. It has being in use since 2005 by many Microfinance Banks in the south-east and south-south region. For each of the banks, the AutoBanc is tailored to their specific needs it has all the required capabilities including EFASS compliance, SMS alert, auto generation of monthly CBN returns in the most current master file. it's very flexible and also affordable. There is no limit to the number of simultaneous users. You can print any report for any date provided you perform the Day-End operation for that day( used to mark the end of the days transaction and archive the balances for the day so that it can be referenced at a later date). As an error/fraud check, no transaction can be posted to any date once the day end for the date has been performed. 

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AutoBanc 5.0 is powerful, flexible and affordable.  It is designed to offer you the solutions to all your Banking Operation needs.  When implemented, AutoBanc provides efficient, accurate and up-to-date information about the financial status of all accounts and the bank as a whole.

Its database is driven by Microsoft SQL Server a state-of-the-art Database Management System, dedicated for client-server applications.  It is our intention to make this package the de facto Microfinance banking software in the world.

FEATURES OF AUTOBANC 5.0 SOFTWARE

AutoBanc 5.0 can be used to record, maintain, process and manage the financial transactions of a Bank on daily basis. It offers a full range of features among which are:

• Loans and Advances Management
• Staff Payroll
• Special module for easy handling of Salaries/Pensions from LGAs, Schools or Companies, etc.
• Automatically classifies Loans and Advances into Performing, Pass and Watch, Sub-standard, Doubtful and Lost.
• Automatically suspends interest when customers with bad loans cannot pay interest.  It automatically recovers when customers have.
• Automatically handles provisioning for both non-performing and performing loans and advances. It automatically reverses the provision when customer has fund.
• Savings, Current, Fixed deposits and allied products
• Asset management (Registration and Depreciation)
• General Ledger – Chart of Account
• Integrated Proof Journal for all kinds of callover
• Automated Waste Sheet
• Vault Analysis Register
• Secured Authentication which allows users access to their user roles only.
• Expenditure Limits
• Detailed KYC modules
• Network-Based + Unlimited number of users
• Special considerations on commissions/charges (COT rate , Loan Interest, Savings Interest) to special customer
• Freezing of accounts completely and freezing accounts to certain limits
• Enables authorized users to edit.
• Easy to Configure, Easy to use.
• Allows users to scan directly into the software.
• Batch processing of transactions. Different users can post related transactions and merge them later using the Import and Export transaction features
• Automated Vault and Till
• Ensures that each piece of data is available to all users who need it.
• automatically validates data at the point of input
• Easy Backup and database recovery
• Cheque operations
• Query Analyzer for extraction of customized reports
• Generate CBN Returns at a click
• Easy, Flexible and Affordable
• Multi Branching (Can integrate more than one branch/Cash centre) without VSAT or networking equipments.
• Customizable to suit other Bank’s need
• Etc

REPORTS

The report feature of the AutoBanc 5.0 software uses an interactive user friendly 'wizard' to request few information from the user and use the gathered information to generate the profit and loss accounts, balance sheet, account statements, and other reports periodically (monthly, yearly).  The following reports can be generated with AutoBanc 5.0:

·         CBN Returns in the new Excel format

·         Profit and Loss Account;

·         Balance Sheet Statement;

·         Periodical Call-Over Reports (Proof Journal);

·         Periodic Account Statement;

·         Loans and Overdraft Analysis Report: Performing and Non-performing

·         General Ledger Activity Report

·         Profit and Loss Ledger Activity Report;

·         Easy to extract contents for any Management and CBN Reports;

·         Credit Bureau Reports

·         User Activity Log Reports

·         Periodic Impersonal Account Transactions

·         Trial Balance

·         Summaries of Credit and Debit Accounts

·         Fixed Deposits; Placement with other Banks and Discount Houses

·         Accounts Status Reports – Active, Dormant, Closed

·         Personal Accounts Summaries by Status

·         Sectoral Lending Analysis Reports

·         Schedule Of Micro-Loans

·         Accounts Classification by balances, Account History, etc

·         Vault Analysis Register

·         Etc

AUTOMATED FRAUD DETECTION FEATURES

Security/Multi-level Authentication: The AutoBanc 5.0 is incorporated with the mechanisms and techniques that control all the accesses to the computer system. It uses the Log-in feature to limit what the users can do, for example, a cashier will not be granted an access to management information. It gives protection to the system and its stored data against any unauthorized access, modification, misuse and/or violence.

Signature Verification: This feature makes easy; the confirmation of  account owner(s) as the software displays on the screen the owner's passport/signature (Mandate) during the withdrawal of money.

WatchDog: Helps the database administrator or management to know all transactions carried out by the user (for example, cashier) within a specific time. With the WatchDog feature, it is very easy to detect the user who participated in fraud.

Check/Alerts During Withdrawal: This feature help users to know when a customer's account is in red and ensures the customer has approval to overdraw the account. It does not allow customers with savings to withdraw more than the value he has in his account or has a balance that is less than the minimum balance.

Audit Trail - The Audit Trail feature allows you to record and report on any changes made to your transactions. Coupled with WatchDog's password security, you can monitor each employee's activity within the organization data file, including who made the changes with user login ID information.

Tracks Edited or Deleted values by keeping old values and New values, Date edited, users who performed the editing, date and time it was edited

Data Security: The feature protects data and ensures that it is not damaged.

Data Privacy/Confidentiality: It protects data from any access or change from an unauthorized user.

Data Integrity: It guarantees that data is consistent, that is, accurate, reliable and insists on certain values for data.

Data Concurrency: AutoBanc 5.0 ensures that there is no confusion when two or more users try to update the same record at the same time.

Password:  AutoBanc uses passwords for authentication.  Its flexibility allows users to change their login passwords at will and without interference by anybody.  This combats the problem of password spying.

DATABASE MANAGEMENT SYSTEM

Its database is implemented using Microsoft SQL Server, a state-of-art Database Management System, dedicated for client-server applications.

COMPATIBILTY
AutoBanc is compatible to MS-Word, MS-Excel, SQL, among other software.  Its OLE (Object Linking and Embedding) feature enables users to extract and export data from AutoBanc to MS-Excel, and formats it to suit management need. 

CUSTOMIZATION

AutoBanc 5.0 is indigenous software tailored to Microfinance Banks operations. It is flexible, therefore can be configured to your peculiar taste and specifications.

Other customized features could be added to enhance your operations.

MINIMUM SOFTWARE/HARDWARE REQUIREMENTS

• Pentium or equal processor
• 10GB Hard Disk Drive, 128MB RAM
• Uninterruptible Power supply
• MS Windows 2000, MS SQL Server 2000
• Keyboard, Mouse, Scanner, Printer

SUPPORT AND MAINTENANCE

ELSOFT offers world-class support and maintenance to its clients. We have a well established support and maintenance organization in place represented nationwide. Our procedures and support systems have been carefully developed to match market needs for response and recovery. It includes helpdesk (telephone support) and field support options along with a range of other support service options.

Please contact your ELSOFT sales representative for more details on our support packages.

CONCLUSION

AutoBanc 5.0 provides you opportunities for creating and sustaining a competitive advantage; improving your organizational performance; focusing IT resources on core competencies and ensuring your company get the best return on your investments.

We are optimistic that implementing our solution will assist your organization in moving from your business challenges and goals to capturing maximum value in the Banking industry.

We look forward to serving your esteemed organization.