Periodic statements

Automated production of accounting statements and annexes.

Features

Manage regulatory parameters
Load input information
Process data
Manage rounding rules
Perform consistency checks
Consultable audit trail
Publish statements and annexes in multiple formats
Generate flat files for submission
Archiving and consultation

 Publishable financial statements (CRAEF)

Automated production of financial statements and mandatory reserves.

Features

Manage regulatory parameters
Load input information
Process data
Perform consistency checks
Consultable audit trail
Publish financial statements and annexes in multiple formats
Archiving and consultation

 FODEP prudential returns

Automated production of prudential reports following the FODEP template in line with Basel II and III requirements.

Features

Manage regulatory parameters
Load input information
Process data
Manage rounding rules
Perform consistency checks
Consultable audit trail
Publish prudential statements and annexes in multiple formats
Archiving and consultation

 Prudential consolidation

Consolidation of accounting positions and ratios of branches and controlled entities at the parent level.

Features

Manage regulatory parameters
Load input information
Manage reciprocal accounts
Process FODEP statements on aggregated or consolidated basis
Manage rounding rules
Perform consistency checks
Consultable audit trail
Publish consolidated prudential statements and annexes in multiple formats
Archiving and consultation

 New credit risk registry

Automated production of customer consents and refusals under the NT1 template for both the Credit Bureau and the Credit Risk Registry.

Features

Manage regulatory parameters
Load input information
Process data
Manage customer consent
Perform consistency checks
Edit documents in multiple formats:
      - Contracts for customers consenting to the Credit Bureau
      - Contracts for customers refusing the Credit Risk Registry
      - Generate contracts as zipped XML files
      - Encrypt generated files
Archiving and consultation

 Credit Information Bureau

Automated production of customer consents and refusals under the NT1 template for both the Credit Bureau and the Credit Risk Registry.

Features

Manage regulatory parameters
Load input information
Process data
Manage customer consent
Perform consistency checks
Edit documents in multiple formats:
      - Contracts for customers consenting to the Credit Bureau
      - Contracts for customers refusing the Credit Risk Registry
      - Generate contracts as zipped XML files
      - Encrypt generated files
Archiving and consultation

 Credit risk registry

Management of data collection from financial institutions, public sources, and major billers (utilities, telcos, etc.) covering customers’ credit or payment history.

Features

Parameterization
File loading
Consent management
Contract declaration
Processing
Reporting
Controls

 Payment incident registry

Automated declaration of incidents on payment instruments (checks, bank cards, drafts) and account openings and closures to the Central Bank.

Features

Manage regulatory parameters
Load input information
Process data
Perform consistency checks
Publish financial statements and annexes in multiple formats
Archiving and consultation
Regulatory declarations for:
      - Account openings
      - Recorded account changes
      - Account closures
      - Incidents
      - Irregularities
Generate declarative files and reports

 Balance of payments

Automated production of statements covering all payment operations between credit institutions and their correspondents, in line with new BCEAO requirements.

Features

Manage regulatory parameters
Load input information
Processing
Perform consistency checks
Edition:
      - Transfer notices received
      - Payment reports
      - BP1: Statement of movements in foreign correspondent accounts
      - BP2: Balances in currencies shown on the declaring bank’s statement
      - BP3: Purchases and sales of manual foreign exchange
      - BP4: Card usage and money transfer data
Archiving and consultation

 Anti-money laundering and counter-terrorist financing

Automated processing and reporting of suspicious transactions to monetary authorities.

Features

Multi-criteria settings:
Individual profiling by country of residence/origin and business sector
Threshold and frequency checks (daily, weekly, monthly)
Blacklists (UEMOA, FATCA, EU, etc.)
Upstream alerting on suspicious operations
Near real-time data processing
Edition:
      - Suspicious transaction reports for FIU filing
      - Alert management
Archiving and consultation

 Banking terms and conditions

Automated processing and production of statements relating to banking conditions and business surveys.

Features

Manage regulatory parameters
Load input information
Processing
Perform consistency checks
Edition:
      - Monthly flat/CSV file of banking conditions (loans, trade bill discounting, term deposits)
      - Quarterly flat/CSV file of overdraft authorizations
      - Quarterly XLS file for business climate survey on credit distribution
      - Quarterly XLS file for the general banking conditions survey
Archiving and consultation

 Banking Commission verification files

Automated extraction and formatting of files provided to Banking Commission inspectors during on-site reviews.

Features

Manage regulatory parameters
Load input information
Processing
Perform consistency checks
Edition:
      - Flat file of the customer base
      - Flat file of outstanding positions
      - Flat file of transactions
      - Banking transactions in txt format
      - Balance sheet and off-balance balances for years N, N-1, N-2 in txt format
      - Income and expense balances for years N, N-1, N-2 in txt format
Archiving and consultation

 Off-site inspections

Automated processing and production of statements required during Banking Commission reviews covering governance, control bodies, balance sheet, and risk exposure.

Features

Manage regulatory parameters
Load input information
Processing
Manage rounding rules
Perform consistency checks
Consultable audit trail
Edition:
      - Flat file of balance sheet account breakdown by residual maturity
      - CSV file with governance, external control, and statistical data
      - Monthly flat file answering governance/control/credit risk questionnaires
Archiving and consultation

 Dormant account management

Technical processes to report accounts that have been inactive for at least 10 years to the BCEAO.

Features

Manage regulatory parameters
Load input information
Processing
Manage rounding rules
Perform consistency checks
Consultable audit trail
Edition:
      - Inactive accounts over a given period
      - Dormant accounts
Generate the required flat file for declaration
Archiving and consultation

 Doubtful and disputed receivables

Management of doubtful and disputed receivables, and restructured loans for credit institutions in line with BCEAO reforms.

Features

Automatic and semi-automatic downgrade of qualified unpaid installments
Automatic calculation and posting of late interest at downgrade
Automatic calculation and posting of impairments/provisions
Automated recovery of attached receivables and unpaid amounts
Creation and adjustment of impairments on installments
Calculation of late interest on unpaid amounts
Automated cure process and reclassification to performing
Archiving and consultation
Alerts on accounts likely to be downgraded to NPL

 Irrecoverable receivables management

Track NPLs that have been reclassified as irrecoverable.

Features

Automatic reclassification of NPLs as irrecoverable after the 5th fiscal year
Tracking ongoing and upcoming actions
Off-balance tracking of recoveries
Alerts on planned actions
Notify portfolio managers of movements
Recovery report:
      - By branch
      - By manager
      - By period
Customer moratorium tracking
Statistics on irrecoverable customers:
      - By branch
      - By manager
      - By period
Archive documents related to irrecoverable receivable cases