In today's dynamic and ever-changing world of financial services industry, with the credit crunch effects still lingering in the horizon, customers are more demanding than ever, technological advances are posing more challenges and markets are becoming difficult to penetrate.
In order to combat this diverse bundle of challenges, an increasing numbers of enterprises in the private banking sector, strive to focus on the core competencies of their applications while eliminating the complexities and costs associated with these applications.
ETHIX-Provision is a comprehensive end-to end solution that is rich in functionality; it is flexibly configured because of the high product formation of its functionalities. The solution addresses automated provision calculation requirements to improve the decision-making process related to banks financial policies.
Easily Configure your Provisioning Database: ETHIX-Provision provides you with the ability to configure your database connection for several databases types including SQL Server, Sybase and oracle, all through an easy-to-use user interface.
Control the Provisioning Process: ETHIX-Provision enables the end user to execute and control the provisioning calculations process through a dedicated section with several options that enable total control and manipulation of the process.
Manage Provisioning Financial Data: Using this component the user can view the total provisioning amount calculated at the end of a provision cycle. The user can override the calculated amount and manually enter any other amount. Moreover, the user can generate the GL entries as configured in the system.
Run the Provisioning Automatically: This option enables the automatic execution of the provisioning process per a defined period/term of time (weekly, monthly, quarterly, annually, etc.) for any cycle (General, Specific, Microfinance, Overdraft, Credit Card, etc.).
Importing Deals from Third Party Applications: In addition to the ability of importing any deal from other ETHIX solutions such as ETHIX-Trade, ETHIX-Finance and ETHIX-Core, the application provides the ability to import deals from any external database. The user can define the criteria according to which the needed data is imported with total flexibility.