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Technical Information
aplonCASH has been developed as a Java based web application which can be deployed using any J2EE compliant application server and supports all leading RDBMSs including DB2, Oracle and SQL Server.
Once deployed in the bank's environment, aplonCASH enables all the bank's corporate customers to initiate payments and manage their authorization before being released by the bank.
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Payment initiation messages can be uploaded to the bank in SEPA, SWIFT MX or proprietary aplonCASH format.
Once uploaded, the 4-eyes authorization system ensures that no payment is released by the bank until it has been authorized by 2 corporate users of a sufficient authority level. If required, automatic authorization levels can be configured per department to enforce only 2-eyes authorization for payments below a certain value. For added security, the system also ensures that any payment created in the ad-hoc create payment screen must be authorized by a different user.
The routing of all a corporate's outgoing payments through the system enables instant access to the current cash requirements of each company and department and facilitates the process of liquidity management. This ensures that suitable liquidity provisions can be instigated before the payments are authorized for release.
The corporate's treasury department are able to delay payments, change their payment date, and even adjust the value of the payment before they are authorized for release.
Features:
- Hosted service, everything is deployed in the banks environment with no installation required at the customer's site
- Integrates with the banks existing systems
- Supports secure file upload from customer to bank
- Search payments with user selectable filters
- Provides 2 levels (4-eyes) of customer authorization before the bank releases the payment
- Payment date and value can be modified during authorization process
- Ad-hoc create payment screen enables the creation of urgent one-off payments
- Allows the customer to work with multiple companies and departments, assigning limits, authorities, etc.
- Graphical forecast screen provides the customer with an instant overview of their liquidity requirements by company and department
- The optional SWIFT Message module enables the system to automatically generate outgoing SWIFT payment messages
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