Banking Software
The management of bank accounts is changing ever faster and the legacy systems, which in some parts of the world may still be handwritten ledgers, are generally becoming increasingly outdated.
The cost of revising and updating legacy computer systems can also be a considerable expense, as most systems are modular. This requires a bank to have a volume of business in a particular area to make purchasing the software worthwhile.
This is often the case with international transfers, where the transactions are ‘shared’ with a correspondent bank, who then handle the international transaction for a fee.
Octrad offer a complete system that is ultimately scaleable and able to cope with all the pressures of modern banking. Branded “Multi-plier” on account of the user’s ability to add customers, employees, branches and business centres locally and internationally, while at the same time maintaining tight control of all aspects of the financial management of the business. The dynamic currency conversion capability means that evaluations can be made, instantly, in both local and host company currencies.
“Multi-plier” Core Banking Software
A purpose built software suite of software offering a web banking interface for Multi-Site, Multi National, Multi-Currency, Multi-Customer, Multi-Product Banks, with complete back office and reporting infrastructure.
Front End:
Web-based Customer Interface
- Online Registration
- Account Opening
- Current Account
- Savings Accounts
- Loan Accounts
- Mortgage Accounts
- National Transfer and Payment System
- Currency Exchange
- International Transfer and Payment System
Back Office:
Customer/Business Administration
- Account Monitor
- Customer Monitor
- Business Monitor
- Site Monitor
- Area Monitor
- National Monitor
- Multi-National Monitor
Financial Management at each tier
- Sales and Purchase Ledgers
- Full Currency and Net Position Facility
- Full Reporting and Evaluation