Products
ClassicLoader is used to avoid data entry for Reserve Bank of India statutory Returns submitted through OSMOS, ORFS and XBRL. It populates data to a third party application or a web form, if the data is already present in excel file, text file or database. It is currently used by some of the leading Indian Banks for automating submission of RBI reports through OSMOS, ORFS and XBRL. It converts data from Excel to XML and Excel to XBRL formats also. This software can be helpful for companies using third party applications which do not provide an upload facility and data keying in is the only option.
ClassicFeters is an electronic reporting system for foreign exchange transactions to Reserve Bank of India. The purpose and country details of sale and purchase transactions are required for compilation of balance of payments. ClassicFeters assures accurate reporting of data by Authorised Dealers and accordingly consistency checks have been introduced in ClassicFeters These checks need to be ensured for the entire fortnight and relevant with currency-wise/ item-wise cover-page totals. Checks are also introduced for checking the closing balances.
ClassicConverter is intended to create reports submitted to RBI through XBRL by getting and collating the required information from different systems / files of the Bank. BNP Paribas is using this application for their reporting purpose. The Bank has a data repository and that is used as the source for creation of RBI reports by ClassicConverter. In case of some reports, some manual intervention is required to provide data which is not captured in the repository.
FAMS handles the entire Fixed Assets of Bharti Axa Life Insurance Co.Ltd. It records the movement of assets from purchase level to final scrap selling level. Periodic Depreciation calculation, Asset Register, Asset Transfer and various reports are the major features.
It is an electronic remittance system for middle east money exchange companies who are having Rupee Drawing Arrangement with Indian Banks. Details of remittances made by NRIs through the exchange house is transferred to the Bank in India daily so that they can transfer the money to the respective account of the NRI in India immediately, thereby avoiding time delay in sending and realizing a draft from overseas to India. This system was operational till Union Bank implemented Core Banking Solution- Finacle.