- «Mobile Business Client»
- RBS BS-Client
- RBS BS-Client. Retail Client
- Enterprise Clearing Centre
- Specialized solutions
«Enterprise Clearing Centre (ECC)»
Enterprise Clearing Centre (ECC) is a exclusive banking service for a bank’s corporate customers.
When provided, the service would ensure financial management of the bank’s corporate customers: monitoring, control, and management of financial flows within enterprises in real time.
When running, the ECC system allows the bank to create and fully automate additional unique banking services for corporate customers with a geographically distributed structure and served by the bank’s branch network.
This comprehensive organizational and technical solution involves the very software product «Enterprise Clearing Centre (ECC)» as well as the Remote Banking System BS-Client.
The «ECC + BS-Client» complex would enable the bank that has corporate customers to solve a wide range of tasks within financial and economic areas — from status monitoring for transactional and personal accounts of subdivisions as well as of movements of funds against them to generation and full control of execution of subdivisions’ budgets.
Yet another important feature of the «ECC + BS-Client» complex is its capability to easily and flexibly integrate with other software products applied for corporate management and financial accounting (accounting systems, ERP systems, ABSs, etc.).
Multiple largest banks, including VTB Bank, Gazprombank, BANK URALSIB, Bank Petrocommerce, Sviaz-Bank, Vozrozhdenie Bank, NOMOS-BANK and others are applying ECC for exclusive corporate customer service.
|Advantages to use the system for the bank:||Advantages to use the system for the bank’s customers:|
Tasks of bank customers to resolve:
Specific features of the solution:
The customer can be provided with all basic functions and features of the ECC system individually combined or within a complex, thus enabling the bank to adapt services to be provided to corporate customers in accordance with their needs.
The set of ECC features applied by a certain corporation can vary depending on its current and future needs and tasks to be resolved.
Functionality can be gradually enlarged thus allowing to start with a minimal set of functions and features and progressively add new ones («from simple to complicated»).
Centralized maintenance of regulatory and reference information (RRI)
EEC maintains RRI through populating and updating system directories/registers used to support business processes.
Directories/registers are sets of data that are rarely updated in daily activities (e. g., a list of organizations, banks, accounts, etc.) but are frequently used to generate and process various documents. Master data usage ensures that data input errors are avoided as well as increases the speed of document population.
The standard configuration supports the following ECC directories/registers:
— Register of Organizations (including counterparties)
— Register of Organizations’ Accounts
— Register of Territories
— Register of Groups of Organizations
— Register of Parent Companies
— Register of Structures
— Register of Responsibility Centres
— Register of Planning Periods
— Register of Budget Classification Codes
— Register of Projects
— Register of Agreements
Composition and structure of analytical classifications can be easily adapted to needs of individual bank customers.
|Monitoring of cash flow movements||Algorithms for documents movements within ECC|
Monitoring of cash flow movements is ensured through collection of full information on actual execution of operations by the corporation’s subdivisions.
Transactions involving cash flow movements within ECC are recorded in accordance with results of performing e-workflow algorithms:
ECC provides customizable algorithms for movements of documents:
When combined, the customization capabilities enable various schemes of documents movements, which help arrange the corporation’s activities in line with its individual needs.
Maintenance of the budget for cash flow movements (limits, plan of receipts)
A budget for cash flow movements is a financial plan of expenditures and receipts composed for a Group of companies, Corporation, Holding and broken down by organizational and financial units over a certain period (year, quarter, month). Revenue and expenditure part of such budget refers to sources of receipts and targets of expenses, usually presented as a classification.
Within ECC, a budget for cash flow movements is generated through entering limits of expenses and a plan of receipts.
The capabilities of classical budget maintenance are enhanced within ECC:
Accounting of receipts
Financial receipts can be accounted as follows:
Any of the alternatives allow additional analytical attributes to break down receipts that ensure monitoring and reporting with relevant analytical breakdown as well as budget execution reporting.
Accounting of expenses with preliminary control and/or acceptance
The scheme for accounting of expenses with preliminary control and/or acceptance lies in handling of a single electronic payment document within the system, which combines budget and payment functions.
It should be noted that with the limit control procedure enabled, an urgent and high priority document with negative control result can still be manually transferred to another processing phase (accepted), with a grounding comment specified.
A result of expenditure can be recorded both automatically (through importing a bank statement into ECC) and manually by an operator.
Thus, the scheme enables:
— Obtain valid consolidated information on movements and balances throughout all subdivisions;
— Run preliminary control and accept expenses, prevent operations without approval of the management company;
— Obtain reports in real time on budget execution, funds movements, with appropriate breakdowns.
— Cut on time it takes to prepare documents through combining budget and payment functions within a single document;
— Simplify training of users in new functionality on an available workplace («Bank-Client») with patches;
— Monitor movements of own funds;
— Run preliminary control of own payments against a budget for cash flow movements.
Multi-segment control of limits
A control segment is a set of analytical and financial indicators that the corporation uses for planning and accounting of funds movements.
Individual rules and algorithms of passing payment document controls are set for each segment.
Co-ordinates of segments differ in analytical classifications only. Each control segment would always have: Responsibility centre, limit over a period.
Multi-segment control of limits can be applied to separately limiting against various analytical indicators and planning periods, for example, against budget classification codes — broken down by quarters, against projects — broken down by months.
The system supports the following settings for control segments:
- Set of limiting co-ordinates of a segment that are used for planning within the segment and for controlling the limits;
- Setup of non-limitness for each responsibility centre for each segment;
- Setup of the document control algorithm within a segment (permitted% of over-limit amount).
Passing of documents through individual segments is set within ECC through setting up an additional attribute.
With the multi-segment control passed, the document goes to the acceptance phase with its further processing being standard for the given expenditure scheme.
ECC supports multi-currency recording of transactions as well as auto-alignment of data to a common accounting currency in order to consolidate full information on financial movements.
This feature ensures:
- Generation of currency documents within the system;
- Control of currency documents against limits and their preliminary approval and acceptance;
- Consolidated reporting on execution of a budget for cash flow movements, denominated in a single accounting currency;
- Analytical reporting on status and movements of currency funds both in original currency and accounting currency;
- Re-evaluation of currency funds balances at exchange rate changes;
- Valid information on ruble equivalent of currency funds balances.
Management of accounts of subdivisions, subsidiaries, and affiliates
This feature involves:
- Capability for the management company to generate payment documents against accounts of subdivisions, subsidiaries, and affiliates;
- Generation of rules and conditions for re-allocation of funds (in particular, daily transfer of funds from revenue accounts of subdivisions to the main account, replenishment of expense accounts, etc.);
- Auto-control of funds allocation in accordance with generated financial management rules (in particular, tracing of payment limits, permissible overdrafts, generation of payment position, etc.);
Hands-on re-allocation of funds, including re-allocation between subdivisions, in accordance with set rules (in particular, replenishment of expense accounts at the expense of receipts from revenue accounts, etc.).