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Banking Industry Solutions

Business Benefits

Benefits of Credit Transaction System

Credit Transaction system is useful for recording individual credit details and as the database is kept separately for each type of loan it is easy to retrieve any reporting information from the credit transaction system at any point of time. It saves a lot of time and enables quick recording of transactions.

All the transactions originating from any branch or other delivery channel will be processed real-time ensuring that the information acquired is accurate and up-to-date. A perfect acquisition and proper storage of transactions in a structured database leads to high reliability of inputs to further related systems.

It will maintain General Ledger with User Definable Chart of Accounts, multiple level sub ledgers, transaction Journals with all the details acquired at the time of transactions.

Quick Transaction Processing, Quick Response, Accommodative to new transaction types, easy adaptability to any new delivery channel and easy protocol exchange with external systems will be the focused areas.