Va-Bank XL^®

Va-Bank XL^® is a fully functional automated banking system, targeted primarily at large financial institutions. It is designed to support extra large data volumes and to work on all existing communication lines - which is especially important for emerging markets. The system is supported by all major open platforms, including Windows 2000/NT/XP, SUN Solaris, HP-UX, and Linux.

The system is fully integrated and provides corporate-wide information environment for modern banks with a strong focus on management accounting and financial analysis. The system supports all financial instruments known in the banking industry, as well as the wide range of specific banking products common in the practices of emerging markets.

The system is designed to provide the effective planning and management. The single information environment allows consolidation of the data of all branches and departments of the bank. It enables unified technology using advanced features of the modern database and tools by ORACLE Corporation. The CRM system is an integrated part of Va-Bank XL^® functionality.

A wide scope of operations, built into Va-Bank XL^®, covers all areas of modern banking practice – from basic cash and settlement transactions to the most advanced treasury and investment operations. Highly efficient mechanisms are also provided to support the distributed processing for multi-branch banks. .

A comprehensive transaction handling mechanism, built on the concept of the accounting model and unified operational technology, allow the bank’s top management to optimize business processes and to achieve a more effective use of personnel. The unique multi-accounting feature supports both national and international accounting standards (GAAP, IAS, etc.), as well as management accounting. The mechanism of profitability analysis by clients, products, and organizational units is built in the system.

The decision-making process including planning and budgeting is fully supported, as well as the business efficiency analysis and profitability management. An analytical subsystem based on the Data Warehouse technology accumulates all historical data and provides a solid foundation for creation of the bank’s specific analytical applications.

Detailed description of Va-Bank XL^®