BancMate uses natural behavior of WINDOWS and has been developed on POWER BUILDER using the CLIENT/SERVER technology and uses Open Data Base Compliance or ODBC technology which gives it freedom to be connected to any data base engine such as ORACLE, SYBASE, MS-SQL, Btrieve or Foxpro. It is Year 2000 compliant (Y2K) carries some very unique and technically updated features :
1. EASY TO UNDERSTAND : The system works in the language of the bankers and does not rely on the cumbersome procedure of codes which makes it easy for the bankers to understand who are not computer professionals. the procedures followed are the ones mentioned in the banks manuals and the methods followed by them.
2. CONTEXT SPECIFIC ON-LINE HELP : Help is available from all points specific to that topic. The complete Help is made available with the option to select the topic desired for Help.
3. ACCOUNT SPECIFIC PARAMETERISATION : The system helps you parameterise options as per the type of Account eg. the system allows you to define Charges separately for Cheque Book Issue for Savings and Cash Credit Accounts. The system does not restrain you from opening more than one type of Savings and Cash Credit Accounts and defining parameters separately for each one of them.
Product Summary
Product Name
BancMate
Release Date
23 Apr 2007
Product Overview
BancMate uses natural behavior of WINDOWS and has been developed on POWER BUILDER using the CLIENT/SERVER technology and uses Open Data Base Compliance or ODBC technology which gives it freedom to be connected to any data base engine such as ORACLE, SYBASE, MS-SQL, Btrieve or Foxpro. It is Year 2000 compliant (Y2K) carries some very unique and technically updated features :
1. EASY TO UNDERSTAND : The system works in the language of the bankers and does not rely on the cumbersome procedure of codes which makes it easy for the bankers to understand who are not computer professionals. the procedures followed are the ones mentioned in the banks manuals and the methods followed by them.
2. CONTEXT SPECIFIC ON-LINE HELP : Help is available from all points specific to that topic. The complete Help is made available with the option to select the topic desired for Help.
3. ACCOUNT SPECIFIC PARAMETERISATION : The system helps you parameterise options as per the type of Account eg. the system allows you to define Charges separately for Cheque Book Issue for Savings and Cash Credit Accounts. The system does not restrain you from opening more than one type of Savings and Cash Credit Accounts and defining parameters separately for each one of them.
Product Description
BROAD FEATURES OF BANCMATE
1. ACCOUNTING :
a. DOUBLE ENTRY : The system follows the ever reliable Double Entry system of Accounting. It provides for entry of single entry at a time as followed in the banks. It allows for creation of one side of an entry by a user and allows the second user to pass the second side of the entry. For eg. if a withdrawal is to be made in an Account then the two different Clerks shall post the debit and Credit side independent of each other. The system ensures the balancing of individual entry and balancing of books at the end of the day.
b. ON-LINE TRANSACTION PROCESSING : It is an on-line-transaction-processing system wherein every entry is saved and posted till the final balancing viz., Individual Accounts, Account Heads and Balance Sheet.
c. SINGLE & CONSOLIDATED VOUCHERS : The system allows for creation of single (where one entry settles another entry) or where many entries are settled against a single entry.
2. CUSTOMER SERVICE :
a. SERVICE CHARGES : The bankers can define charges for various options for different Accounts individually.
b. CHEQUE BOOK : The details of the stock received from the Head Office is maintained and all issues are done as per the next available Cheque Book. The procedure cannot be by passed and the next CHEQUE book cannot be issued. The status of each Cheque with regard to used, unused, lost, stopped for each Cheque Book issued to the Account Holder is maintained.
c. PASSBOOK : The complete stock of passbooks received from head Office and how they have been distributed is maintained. In case a Passbook could not be updated and is retained then it shall be mentioned so in the system.
d. STANDING INSTRUCTION : There are different kinds of S.I. that a user can get executed through the system.
e. INTEREST APPLICATION : An elaborate procedure has been designed for Interest Calculation and Posting :
i. FOR SB ACCOUNTS : The interest is automatically applied on a six monthly basis. The system allows (by Branch Manager) to create and applies Interest on overdrafts created.
ii. CC/OD ACCOUNTS : Interest is calculated on daily product basis and can be defined on a Fixed or Variable rates with provision for Penal rate to be applied on whole or excess amounts.
iii. POSITIVE INTEREST : There are cases where the banks pay interest in case of Current Accounts on Credit balance. The system allows for paying of Interest in an Account or for an Account Head.
iv. RECALCULATE INTEREST : In case Interest was computed at a different rate of return, the same can be recalculated for :
· a particular Account Head
· a particular Account in case of CA/CC/OD account types
3. DETAILED COVERAGE FOR BETTER BANKING :
a. ACCOUNT OPEN : The system keeps all details related to an Account in maximum possible detail for usage or as used by the bankers. The form is designed to cover details of a Guardian in case of a Minor Nominee thus, ensuring proper and detailed data maintenance.The system also maintains and updates on an on-line basis the Balances, Products, Cheques and other details of an Account Holder.
b. AUTHORIZED SIGNATORIES : These are persons who are Authorized or allowed by the Account Holders to operate their account on their behalf i.e. they are allowed to make withdrawals from their account. These can be made known at the time of opening of an account or at a later stage. The details of the AS with regard to his Occupation, Signature type, Address and Designations are taken.The Designation of the AS is linked to the Constitution of an account i.e. in case of HUF the designations can be Coparceners, Karta or an AS.
c. MODE OF OPERATION : Mode of Operation is to be specified wherever there are more than one Account Holders (Joint Account) or there are more than one Authorized Signatory in an Account. It has to be specified how they are going to conduct the operation in the Account. there can be multiple mode of operations with amount limits in the account which becomes extremely useful in case of Firms where the Directors signatures carry unlimited powers but those of the Accountant are upto a limit.
d. CHEQUES : The system keeps a detailed track of Cheques with relation to used, stopped, lost, stale and beyond user sanction limits. In case it is beyond the user limits it gets refereed to the Officer and Branch Manager for passing or returning.The Cheques reported as lost, stop can be revoked as per the orders of the Account Holder.
e. EXCEPTIONAL ENTRIES : the system keeps an elaborate system of marking an entry as exceptional. They can be marked exceptional for cases where Minor’s Guardian has been reported dead and hence, the Bank passes or returns an entry. The system not only checks for withdrawal but also for deposits specially in cases of NRI whereby a deposit of over a particular amount is referred to the RBI and hence, is stored a referred and passed entry.
f. FREEZING OF AN ACCOUNT : The operations in an account can be restricted by any agency by passing of an order to its effect. An account can frozen for all withdrawals or it can also be frozen for a fixed amount. The stopping of operations in case of Joint Accounts can be done on behalf of any of the Account Holders.
g. REVOKE FROZEN ACCOUNTS : Accounts which have been partially or fully frozen can be revoked by orders of the same or any other agency. In case of Joint Accounts it can be done only if all Account Holders agree to do so.
h. DORMANT/INOPERATIVE ACCOUNTS : The system maintains the status of an account as Dormant or Inoperative and in case of a transaction being made in the same it warns and posts the entry as refer and pass entries.
i. CREDIT LIMITS : In case of CC/OD accounts the Branch gives the facility (secured and unsecured) to withdraw upto a prescribed limit. The DP is decided upon the kind of CREDIT and the amount of SECURITIES assigned. The system takes the details with regard to the Total Sanctioned Limit and the Limit Renewal date. The drawing power is calculated on the basis of the different Credits assigned to the party and the amount of securities held under them.
j. COLLATERAL SECURITY : The Branch sometimes keeps some Collateral for giving the limit to the Account Holder. The details of such Securities are noted in the system.
k. INTEREST : Interest is usually charged on Debit Balance. However, the system allows you to define and apply Interest on Credit balances of all Accounts or Specific Accounts. The interest is calculated on Daily Product basis and is deducted from the Interest to be charged and the system arrives at a net figure.
· NORMAL ROI : Normal ROI on CC/OD accounts can be applied either on Fixed or Variable basis (slab basis). The amount of interest will be calculated for each calendar month on Daily Product basis and the ROI may vary from day to day.
· PENAL ROI : There are cases where the Account Holder withdraws more than his limits or Drawing Power. In such cases the PROI is applied. The penal rate can be applied on the Whole amount (complete debit amount) or on the Excess withdrawals (Debit amount over Drawing Power) made by him. The PROI can be Fixed or Variable i.e the percentage + the maximum NROI is the Variable PROI. The system allows for varying ROI for different dates.
Features
Accounting, Loan Portfolio Management
User Interface Languages
English, Arabic, Other
Workstation OS
Windows 9x, Windows NT, Windows XP
Server OS
Windows 9x, Windows NT, Windows 2000, Windows ME, Windows XP, Linux
Rs. 5000/- per day plus TA and DA maxumum participants 7
Client Profile
Types of Institutions
Commercial Bank, Microfinance Bank, Finance Companies, Savings and Credit Societies and Associations, Cooperatives and Credit Unions
Total number of clients
7000
Number of clients using this product
5000
Size of institutions with this product
Medium-Large (25,000 - 50,000 clients)
Location of client installations
Europe and Central Asia
Lending methodologies
Individual
Level of MFI internal IT support
Strong full-time internal IT team
Client References
Punjab National Bank
Allahabad Bank
Indian Overseas Bank
Bank of Baroda
Oriental Bank of Commerce
Vijaya Bank
United Bank of India
Bank of India
Haryana Gramin Bank
Himachal Gramin Bank
Punjab Gramin bank
Rajasthan Gramin Bank
Madhya Bihar Gramin Bank
Uttar Pradesh Gramin Bank
Kisan Gramin Bank
Devi Patan Ks. Gramin Bank
Rani Laksmi Bai Ks. Gramin Bank
Shivpuri Guna Ks. Gramin Bank
Kosi Gramin Bank
Triveni Gramin Bank
Siwan Ks. Gramin Bank
Lucknow Gramin Bank
Bihar Gramin Bank
Parvatiya Gramin Bank
Chikmagalur - Kodagu Gramin Bank
The Bank of Rajasthan Ltd.
The Himachal Pradesh State Coop. Bank
The Jogindra District Central Coop. Bank
The Vaish Adarsh Coop. Bank
The Malviya Urban Coop. Bank
PNB Housing Finance Ltd
Parwanoo Urban Co Op Bank Ltd
Location of technical support
Europe and Central Asia
Number of technical support staff
260
Technical Support Modes
e-mail, Phone, Fax, ftp, in-person
Technical Support Languages
English, Other
Number of installations per month
150
User Group
Yes
Training Options
AT CENTRALISED HELP DESK, HO
i. Installation of the software (application / Networking / RDBMS)
ii. overall functioning of the package
iii. opening and freezing of necessary Masters and default entries
iv. passing and freezing necessary parameters details which are handled only at the HO
v. passing and freezing necessary parameters to be handled at the CELLS
vi. passing and freezing necessary parameters to be handled at the BRANCHES
vii. various security features
viii. defining user categories, thier entry and passing powers
ix. rights of each user
x. defining of Charges and freezing for Branches
xi. detailed understanding of the various functions in the module
xii. movement of data in the module
xiii. various quering procedure
xiv. viewing and reporting or generating outputs
xv. basic house-keeping
xvi. minor trouble shooting
xvii. methodology to maintain the various Versions running in various branches/cells
xviii. methodology to maintain the various changes in Paramaters, Masters at various branches/cells
AT DISTRICT CELLS/ZONAL ITD
i. Installation of the software (application / Networking / RDBMS)
ii. overall functioning of the package
iii. opening and freezing of necessary Masters and default entries
iv. passing and freezing necessary parameters details which are handled only at the HO
v. passing and freezing necessary parameters to be handled at the CELLS
vi. passing and freezing necessary parameters to be handled at the BRANCHES
vii. various security features
viii. defining user categories, thier entry and passing powers
ix. rights of each user
x. defining of Charges and freezing for Branches
xi. detailed understanding of the various functions in the module
xii. movement of data in the module
xiii. various quering procedure
xiv. viewing and reporting or generating outputs
xv. basic house-keeping
xvi. minor trouble shooting
xvii. methodology to maintain the various Versions running in various branches/cells
xviii. methodology to maintain the various changes in Paramaters, Masters at various branches/cells
DATA BASE ADMINISTRATIONS AT BRANCHES
i. Installation of the package
ii. passing necessary branch parameters details
iii. trouble shooting in day to day operation
iv. managing day-end and day-open operations
v. managing backups
vi. taking care of hardware related problems etc.
OPERATIONAL USERS OF THE PACKAGE
i. Branch Manager
ii. Accountants
iii. Officers
iv. Clerks
v. Computer Operators
These user shall be trained to take care of operational aspects of the package. They shall be trained on :
i. overall functioning of the package
ii. various security features
iii. detailed understanding of the various functions in the module
iv. opening of various Masters, Parameterisation
v. opening of various kinds of Accounts
vi. editing in Accounts - General Details
- Credit Limit Details
vii. operations of Cheque Books and Passbooks
viii. Freezing and partial freezing of an Account
ix. feeding of transactions
x. Standing Instructions
xi. Charges
xii. authorisation and passing of necessary entries
xiii. printing of Passbooks, FD’s, DD’s etc.
xiv. Interest and other utilities are explained in detail
xv. movement of data in the module
xvi. various quering procedure
xvii. viewing and reporting or generating outputs
xviii. basic house-keeping
xix. minor trouble shooting
Natural Technologies (P) Ltd., creators of the bilingual, multi-lingual, tri-lingual software methodology, have evolved from a deep commitment to meet the computing needs of today and tomorrow. We are in the business of application development, consulting, distribution of software products, systems integration and data processing with varied clientele & a commitment to service and provide flexibility is reflected in the growing list of satisfied customers in critical business area.
Our Vision:
To provide bilingual, multi-lingual software applications meeting the needs of the local and global customers of our clients. The software application should reduce manual burden and introduce automation to help our customers provide efficient services and build everlasting relationship with their customers.
Our Mission:
To develop and implement quality solutions providing informative details to top layer for undertaking business, doing risk analysis and help plan continual improvement in all areas like customer satisfaction and management information.
Our Values:
We are committed to ensure that customers receive products and services, which meet their needs and always exceed their expectations.
· We always tell the truth, even when it hurts.
· We make decisions quickly, especially hard decisions.
· We treat people fairly.
Our Objective:
Providing Quality Services to our customers, which shall be designed to meet the specified and intended requirements of our customers, using an appropriate, state-of-the-art technology and a solid foundation built on well-laid down processes.
Our Philosophy:
We believe that user-friendly software packages are not good enough; they ought to be natural in behavior to such an extent that the user is able to use the package in a natural way similar to his manual method. Our software have been accepted because of their resemblance to the manual & normal method and meeting the automation requirements of our customers and provide information for an effective decision support system.
Our Quality Focus:
We emphasize on delivering high quality solutions by strictly following software engineering methodologies, sound management and control techniques for timely delivery of projects. The development methodology is geared towards exceeding the expectations of clients, where procedures and standards are laid down for all the stages in the software life cycle. In the present complex information environment, we emphasis on identifying the root cause of the problem and not provide instant solution using short cuts. We go through the entire analysis of the changes/ problem to provide stable solution.
Legal status
Limited
Year company was formed
1995
Public
No
Are financial statements public?
No
Major Activity
Ø Copyrighted Bilingual Methodology
Ø Software Application like :
o BancMate CBS : Bilingual Core Banking Software.
o BancMate : Bilingual branch banking software with ABB and Interfaces to ATM, POS, Tele Banking, Mobile Banking, RTGS, SFMS, OLTAS
o BancMate Internet Banking
o EASIEST : Electronics and Accounting System in Excise and Service Tax.
o Pension : Pension Tracking system for banks.
o RAS : Remote Access using BancMate.
o Retail Lending : Score Based lending system.
o HO Data Consolidation
o BancR : Inter-branch Reconciliation solution for banks.
o TracMate : Proposal Tracking System for banks.
o BancScan : Enterprise wide MIS reporting system.
o OfficeMate : Document Management system.
o HRMate : Personal Information Management
o CallMate : Call Resolution and Software Development Management Software.
Ø Project development, Maintenance and Enhancement in :
o Power Builder
o Java Technologies
o MS .net
o RDBMS like MS-SQL, Oracle
Approximate Microfinance Revenues as a Percentage of Total
