Community based banking is a precious resource. Yet community based financial institutions (FI) have never faced a competitive environment as severe as today's. Powerful regional banks exploit advanced technology to offer a vast range of financial products and services. To remain competitive and profitable, you need to incorporate the latest technology into your FI's operations, without losing the responsiveness and concern for customers that make community based banking unique.
SDS offers an expertly designed core processing system tailored to meet the demanding needs of community based financial institutions. IBS, with it's extensive out-of-the-box features and functionality, will allow you to offer a full range of products and services, while maintaining a cost effective and efficient operation.
IBS, offered in both in-house and service bureau environments, automates all facets of your vital day-to-day operations. Based on a Central Information File (CIF) concept that makes it easy to view all aspects of a customer's relationship, IBS processes Deposits, Loans and Financial Information for General Ledger and Budget Management.
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IBS is structured around the most important component of your business the customer. Because IBS is based on the CIF concept, the inquiry screen is one of the most useful and comprehensive tools in the system. It gives every user the ability to access all the information available on a particular customer from a single screen display. With IBS's comprehensive CIF feature, you and your employees can consolidate and view the entire relationship that any customer maintains with your Institution. CIF information is easy to access by customer name, account number, or tax ID.
- Links all of a customer's accounts together along with the capability to link other customer records, directly and indirectly, using established relationships for Inquiry and reporting
- Allows for alternate customer addresses
- Supports joint name and Social Security or EIN numbers which can be used for alternate Inquiry access
- Interfaces with third party address verification and correction software (CASS certified); utilizes 10 character International Zip Code field; contains US zip code delivery point and check digit information for the generation of bar codes on subsequent mailings
- Gives the capability to generate contact lists and/or labels for privacy notification
- Processes NYFIDM files for state reporting
- Accumulates IRS YTD and last year running totals at the customer level for Inquiry and reporting access
- Holds default Officer code, Customer Type and Branch for account creation assignment with capability to override at account level
- Message archiving for each customer
- Used as the source for external applications (i.e., Web Banking, Item Processing, etc.)
- And more
The more efficiently your personnel handle DDA items, the more time they will have to better serve both customers and the FI. IBS handles the high volume of items associated with DDA accounts with unmatched efficiency. IBS reliably processes all items as they flow from teller windows, drive-ups, ACH, ATM Networks, Telephone and Web Banking, and the Fed.
- Standard interfaces available for many deposit origination systems
- Includes Club Accounts and IOLA accounts (NYS)
- Built in transaction interfaces for proof machines and check imaging systems, FedLine®, Electronic Cash Presentment, ACH, EFT networks, Web and Voice Banking systems
- Online real time transaction authorization interfaces available to EFT Networks, Web Banking and Telephone Banking Systems
- Creates cycle sorts (bulk filing) for non-image based item processing systems, creates EIP files for image and non-image based item processing systems, Processing for image statements
- Full float capture and analysis by account
- Backdated transaction capability
- Optional combined or single statement at customer level, Descriptive statements
- Overdraft loan protection available; Discretionary overdraft capability available
- Transactions can be memo posted on accounts at teller station; Memo posting after teller cutoff carried to next business day; real time available balance
- Automatic transfer capability between DDA, Savings, Loans (pmts) and CD's; Same day sweeps between deposit accounts and LOCs.
- User defined customer service charge routines; Business (single and multiple) account analysis
- Tiered rate structure for interest bearing DDA and Savings accounts
- Online NSF processing; NSF notices printed after pay/no pay decisions are made
- Includes Positive Pay module
- Multiple signature designation at account level - display signature cards
- Easily manage Stops and Holds - Hold capability on POS pre-authorizations
- Message archiving at the CIF and account level
- User defined fields - multiple types
- Includes customer account reconciliation module
- Online history - display check images
- Year-end processing and forms printing.
- Federal backup tax withholding
- Automatic interface to IBS General Ledger
- And more
Loan processing is among the most complex of FI operations. IBS's single loan module design enables the FI to process multiple loan types in a single application. This simplifies training, and makes the loan data entry and balancing much easier.
- Standard interfaces available to many loan origination systems
- Products supported:
- Simple interest loans (consumer & commercial Lines of Credit)
- Fixed, variable and adjustable rate loans
- Monthly and biweekly amortized loans (mortgage)
- Advancing and re-advancing loans and lines of credit
- Fixed and Variable rate Home equity loans; Teaser rate capability
- Letters of credit; Contingent Liability
- Overdraft checking loans
- Non-asset loans: participation sold & secondary market servicing
- Participation's purchased
- Indirect loans; Dealer statements
- Escrow accounting and analysis capability available on any loan
- Supports up to 99 user defined base rates (for variable and adjustable rate loans); Floor and ceiling protection per loan
- Multiple co borrowers/endorsers/guarantors; Endorser/guarantor notices where applicable
- Auto charge and auto transfer payments (due) to/from DDA/SVG
- Paid off loan and past due loan history kept indefinitely
- View total customer liability
- Capability to calculate future pay off
- Supports:
- Intelligent single transaction processing
- Irregular payment schedules
- Full or partial non accrual and charge-offs
- Back dated transaction and rate changes including interest accrual adjustments
- User defined late charge routines
- Various credit life and accident and health insurance options
- Accounting for FASB91
- Detailed general ledger classifications and Call report information breakdown includes Credit Bureau reporting, CRA reporting, FNMA & MPF secondary market reporting, FHLB collateral reporting
- Message archiving at account level
- User defined fields - multiple types
- Year-end processing and forms printing
- Automatic interface to IBS General Ledger
- And more
IBS's Certificate of Deposit module provides maximum flexibility in handling a wide variety of Time Deposit instruments. Features include:
- Standard interfaces available for many deposit origination systems
- Fixed and variable rate products; Various interest accrual methods
- Automatic user defined early withdrawal penalty calculation
- Interest payment by check, transfer to DDA or Savings account, or add on
- Backdated transaction capability
- Define products by using user defined CD class codes; Automatic renewal capabilities, including renewal notices
- User defined fields - multiple types
- Call report information breakdown - comprehensive Call Report capabilities
- Message archiving at the account level
- Year-end processing and forms printing
- Federal backup tax withholding
- Automatic interface to IBS General Ledger
- Includes Funeral Home and Lease Security System
- And more
The IRA module is complete and feature-rich, and satisfies all government reporting requirements for your IRA accounts. It even includes a full range of tools for marketing IRAs. Includes:
- Contains all of the functions of the CD system
- Supports SEPs, Regular, Roth, Coverdell (formerly Education), SIMPLE, Conduit and Re-characterized IRAs; MSA and HSA
- Multiple IRA distribution capabilities; Comprehensive federal tax withholding on disbursements
- Exception reporting; Reached attained or maximum age; Contribution limit met or exceeded
- Information kept on current/previous year contributions, rollovers, transfers and re-characterizations
- IRA calculator
- Required Minimum Distribution (RMD) reporting
- Automatic interface to General Ledger
- Year-end processing and forms printing
- And more
IBS incorporates a tickler file for tracking credit documents that expire or require review. This module enables the FI to keep up with expired financial statements, UCC filings, and similar documents and events. Customized letters or notices can be pre-defined and stored to notify customers on actions required to renew documents set to expire.
- Tickler file for tracking credit documents; provides a capability to keep up with financial statements, UCC filings, etc coming due or past due
- Handles tracking for up to 32 different classes of documents with 40 customized letters; capability to choose different letters on different trigger dates
- Requests can be made by using the standard letter format or notices
- Detailed reports including: items coming due, past due, or all items
- And more
A key element of IBS is it's full-featured Report Engine one of the most powerful management, auditing, and marketing tools available. This module makes it easy to produce specialized reports that
present data you need in the format you prefer.
- Interfaces to various COLD Storage Systems available
- Standard Report Writer contains the following main features and functions:
- Ability to access information across multiple applications including calculated fields and customer relationship data
- Multiple fields for selection, printing and sorting of reports; Subtotals by sort fields
- Option to print summary (total only) or detail reports
- User defined reports; ability to save pre-designed reports in operations, user, department reporter libraries
- Download data from one or more applications into personal spreadsheets, database software or word processing software
- Integrates data with IBS Letter Writer to generate letters, notices and labels
- Automatic scheduling of jobs/reports during nightly batch processing
- And more
- Relativity - relational database access
- Ability to access IBS information from Microsoft Excel, Access and other popular spreadsheet and database programs.
- Ability for the user to access all "logical" fields from all IBS applications and create customized reports, graphs, etc.
The FI's operation and profitability depends on current and accurate financial information. IBS's General Ledger module is designed to deliver the flexibility you need to obtain information and totals in custom-designed formats based on your needs.
- Financial Institution -defined statement of condition and income statement
- Online reconciliation of due-to or due-from accounts
- Budgeting module; Budget versus Actual and comparative statements
- YTD transaction journal
- Annualized statements; Last twelve months statement
- GAP analysis and rate sensitivity analysis
- Daily GL balancing report generator
- FR2900 report generator
- Call report schedules; interfaces available to Call Report systems
- Ability to process backdated transactions crossing days, month, quarter or year
- Automatic G/L interface from deposit and loan modules
- Supports branch/cost center and product level accounting
- Supports subsidiary and holding company G/L
- User defined ratios
- Automatic G/L interface from ancillary systems, such as account payable, fixed assets and investment accounting
- Automatic G/L interface to various Asset Liability and Profitability Systems
- Loan maturity analysis; CD maturity analysis; Interest cost summary
- Interface to personal computers for "what if" and other spreadsheet or database calculations
- And more
- Schedule recurring batch jobs and customized reports without operator intervention
- User friendly process allows you to schedule jobs and custom reports based on a monthly calendar broken down into the following periods:
- Today, Daily, Day of The Week, Day of The Month, End of Month and End of Quarter
- 36 batch jobs and 36 custom reports can be scheduled for each category above
- Automatically schedule up to 180 batch jobs and 180 custom reports for certain days of the month
- Scheduler maintenance done once a month by operations manager versus computer operator; eliminate daily check list
- Avoid costly mistakes of forgetting to run frequent and not so frequent items
- Unlimited number of boxes (by branch)
- 26 different categories/sizes/rates
- User defined size and rate schedule
- Automatic billing; generate rent bills daily, monthly or annually
- Direct deposit of rent payments to DDA or SAV account
- Capability to assess late charge and generate late charge and past due notices
- Option to charge sales tax; sales tax table by county; comprehensive sales tax reporting by county
- And more
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