Core Operations Features

• Automatic Inter-branch Reconciliation
• Real Time Transaction Processing
• Real time generation of ALL reports including bank/branch balance sheet
• Balance sheet is available before day end.
• Centralized day end of all branches
• Core Accounting Software: Regular Company Accounting, Asset Management with Depreciation.
• Treasury (Front Office / Middle Office / Back Office): Investments, Borrowings.
• HR: Payroll.
• Inventory and Fixed Asset Module & Depreciation
• Legal & Recovery
• Budgeting
• Microfinace Module
  • Group Management
  • Group Loans
  • Group Collection
  • Loan and Security Account Linkage
  • Sinking Fund
  • Interest Free Period
  • Flat/Reducing/Amortization Interest Setup
  • Agent Based Payment and Collection
• Banking
  • CASA (Current and Savings Accounts) Module
  • FD/RD (Fixed Deposit and Recurring Deposit) Module
  • Loans Module
  • Loan Origination Software
  • Bill Purchase Module
  • Remittances Module
  • Clearing Module
  • Lockers Module
  • SI (Standing Instructions) Module
  • NPA (Non Performing Assets) Module
  • ALM (Assets Liability Module) Module
  • Trade Finance (including LC/BG)
  • Report Generator
  • Printing Module
  • Risk Management
  • Document / Signature Linking
  • Bill Collection (Inward & Outward)
  • Payment Gateway
  • RTGS/NEFT (Real Time Gross Settlement and National Electronics Funds Transfer)
  • ATM (Automatic Teller Machines)
  • SMS (Short Message Service) Banking
  • Mobile Banking
  • IMPS (Immediate Payment Service)
  • Internet Banking
  • ECS (Electronic Clearing House)
  • ACH (Automated Clearing House)
  • CTS (Cheque Truncation System)
  • ATM
  • Card Management
  • Health Check Dashboard
  • ATM Cash Management Software
  • ATM Front End Software
  • Passbook Printing
  • FD Printing
  • Cash Dispenser
  • Passbook Kiosk
  • Microfinance Hand Held Device Integration
  • Anti Money Laundering (with KYC (Know Your Customer))
  • Service Branch Clearing
  • Cash Pooling
  • Currency Chest
  • FOREX & Cash Denomination Management
  • Cashier Management

Security Features

Efluxcore prioritizes the highest level of data and transaction security:

• Audit Trails: Audit trail of each transaction in the system is kept with date, time and user-id stamp.
• 3DES Encryption: All data between a device and the backend is transmitted after encrypting it with industry standard 3DES encryption. This prevents any snoopers to sniff the channel and get financial data information.
• User Access Encryption: All passwords are kept using industry standard RSA encryption. This prevents the administrator from knowing the passwords of any user.
• Data Security: Data is kept secure using database login and password.
• Access Security: By Role and Rights explained more in Administration Features.
  • Login user control
  • Remote log-in control
  • Menu and screen locks
  • Time based user login
  • Automatic logout after predefined time
  • Login name/date/time/activity/tracking
• Secured Transaction Security Features
  • Detailed transaction and error logs generation
  • Product Based User/Transaction control
  • Amount Based Transactions control on users
  • Confirmation of all transactions by higher authority
  • Dual authorization for specific transactions
  • Database security ensured by data encryption
  • Provision of back log entry

Administration Features

Efluxcore offers comprehensive administrative control and flexibility:

• Integrated Delivery Channels: Fully integrated with a variety of delivery channels such as Internet Banking, Mobile Banking, Email Alerts, Touch Screen Kiosks and IVR systems.
• Product Definition: Highest possible level of parameterization available.
• Interest Definition: High level of parameterization available.
• Masters, Control Values and other Parameters: High level of parameterization available.
• Service Outlet Concept: Each branch or delivery channel is designated as a service outlet and each transaction can be tracked at a service outlet level.
• Maker Checker Concept: Allows the bank to have double or triple checks in place by having one person make an entry, another to verify it and sometimes if necessary a third to re-verify or enable it.
• ApiConnect: Allows the bank to provide financial transaction access to third-party solutions such as ATMs and Credit Card Institutes such as MasterCard and Visa.
• Multi Lingual
• Roles and Rights: A bank can create various roles (designations) based on its Organization Chart and associate view, create, modify and delete rights on each screen as well as access to the screen itself.