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Bank accounting software to go secured and directed towards faster retail banking with segregating account details, transaction approvals, and bookkeeping.
Banking Software To Accelerate Retail Banking Experience
Bank Accounting Software is the backbone of the modern-day banking system. Increasing efficiency and management, it has brought the transformation of the banking industry to digital banking from traditional banking.
The smallest of the branch also has a minimum of 10 employees, indicating banking software is to be installed on multiple systems. Thereby, the software has to be smart enough to handle various operations at a go.
It initiates recording and managing all banking operations done by a customer from any branch on the server’s database. Thereby, banking software sets the customer free by giving the privilege to do operate their account from wherever they want.
Core Features Of Bank Accounting Software
Amalgamating the service of the entire bank hierarchy starting from the teller, the software encompasses detailed everyday banking services. Integrating the software functionality with third-party applications like IVR, POS, ATM, and XML, it provides you with absolute banking experience.
Essential Functions Of Accounting Software
Segregating accounts as per the basic categories: savings/ current/ recurring, it calculates the levied charges and tiered interest rates accordingly. Each customer details from day one are stored in the cloud database.
The approval module encompasses the approval authority for every banking business: account approval, loan approval, payment approval, deposit approval, cheque clearance approval, maturity approval, e-transfer approval.
Banking software comes with the facility of comprehensive reporting for every banking operations like open/ closed accounts, failed transactions, transactions on hold, overdraft report, business report, payment report, tax report, loan report, and lot more.
Maintaining ledgers like Day Book Keeping, Trial Balance and Balance Sheet, banking software records even the tiniest transaction of the branch. Tracking the total amount of branch’s deposits and withdrawals in a day, the software sends the branch day end closing to the HO.
Takeaway,
Succeed in your target industry with customized Bank Accounting Software by WordSys Tech. Focussed on market needs, this IT and software development company provides you with faster retail banking solutions. Aiming towards unique and personal banking, WordSys Tech has the most advanced and secured banking software.
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