What if analysis
'What-If Analysis', a powerful tool that enables organizations to compute deal repayment plans, internal rate of return (IRR & XIRR), prot rate (PR) and annual percentage rate (APR) based on given financing scenarios.
Cash Flow Engine
A feature developed to meet the financial institution's demand for implementing the IAS 18 and IAS 39 accounting rules, which aim to recognize the deal profit based on the actual Net Present value and XIRR
Running Inquiries
Ability to conduct real time inquiries into transactions, deals and accounts while processing a deal.
Transaction Journal and Audit Trail
Fees and charges engine
Ability to pre-dene different fees and charges schemas and charge and collect fee amounts either as a lump sum amount or in installments.
Accounting Entries Generator
Document Management
Comprehensive Application Security
Enhanced control of information through comprehensive access rights with comprehensive transactions limit and rich multi-level authorization mechanism.
Deal Tracking Facility
Full Policy Parameters Engine
Ability to define specific policy parameters per product for the customer eligibility conditions.
Construction Management
Capacity to manage payments of contractors and consultants during the construction period and manage the payments and deductions related to the financing deals.
Flexibility in Defining Islamic Instruments
Islamic Instrument Definition Engine (IIDE), a tool that facilitates innovation in Islamic Business Models.
Flexibility in defining Islamic Products
Fast product development capability offering a wide range of parameters that enable financial institutions to create products based on customer needs and business goals
Wide Coverage
A unique and rich set of Islamic Finance transactions integrated with Workflow Management System (WMS) and dynamic business rules engine.
Out of the Box Setup
Combines best practice Out of the Box Model Bank, Model Finance Company and Model Lease Company.
STP
"Straight Through Processing" to reduce manual intervention and save time.
Multi-Currency
Multi – Language
Arabic, English and French interface, and can also support any other language supported by the Windows Operating System.
Integration
Ability to integrate with any existing core banking system, or with any financial institution's ERP system.
Rich Workflow
End-to-end, multi leveled authorization workflow system, whereby the financing application is forwarded automatically from one entity to another for review, acceptance or recommendation.
Increased Profitability and Growth
Ability to configure innovative products in a matter of hours, which decrease total cost of ownership and faster time to market.
Risk Compliance
Financial and Operational Risk are controlled through a fully parameterized, STP, and Audited Transactions and Processes.
