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| Banking and
Finance |
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Fusion has been developing software related to the
financial industry for over 12 years. The areas covered include:
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Account administration |
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Bank remittance systems (cash/other transactions,
transfers/payments) |
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Branch automation - mainly payroll, personnel
information, term deposit systems, etc. |
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Performance analysis / financial forecasting |
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Share/debenture accounting/management systems |
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Securities/portfolio/mutual funds management
systems |
Some of the projects executed in the above areas
are:
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| Global
Information Technology Project Portfolio Management (GITPPM) |
| Union Bank of Switzerland (UBS) has a
multi-billion dollar portfolio of IT projects. These projects are spread across a large
number of organizational units and hundreds of initiatives. In the absence of a high level
reporting tool that aggregates the data from these various projects, it is impossible to
identify and fix problem as they are, take informed decisions and closely monitor critical
parameters like cost and schedules. Any failure in this regard can lead to long-term
inefficiencies and ineffective utilisation of the IT budgets. Global Information
Technology Project Portfolio Management (GITPPM) system is a tool, that will provide a set
of high level reports, that would help in gaining an insight into the banks IT project
portfolio and enable the senior management to use this information effectively in the
budgeting and planning processes. |
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| Multifund |
| This is a mutual funds management software,
developed for a banking software company in Geneva, Switzerland. Most of the financial
organisations now offer some kind of investment fund, with some big ones also offering
many funds with minor and major differences. Multifund is used to maintain different
Mutual Funds in any financial organization. Using Multifund, one can easily create new
funds and maintain fund details. Multifund can accept any kind of financial instrument,
like futures and options. Multifund automatically calculates NAV for the share. It also
works out fund valuations and performance analysis. It has a full accounting system, which
can use both transaction and value date. The fund can be managed in any type of currency.
It also keeps track of Statutory requirements in various stock exchanges. Security has
been taken care of at various levels. The product is very easy to use, with the user able
to get relevant information by changing a few parameters. Multifund also generates various
reports. Multifund is developed using Oracle 7.1 and Forms4.5/Reports2.5 |
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| Share and
Debenture Management System |
| The project involved capturing and updation of
Data of Share and Debenture Holders, Share and Debenture Transfers and various Reports
like Memorandum of Transfers, Distribution Schedule, Tax Calculation, Printing of Annexure
to Form 27, TDS Reports and Form 16A, Calculation and Printing of Dividend/Interest
warrants, etc. |
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| CoreBank (A
front-end banking application) |
| This provides for on-line banking transactions and
functions like opening of accounts, cash and cheque clearances, issue of cheque books,
loans, deposits and cards. This also takes care of clearing balances and for teller
withdrawal upto the limit available for the particular branch. The software provides the
facility to capture details about add-on card availed by the card holder and calculates
the interest for the cash withdrawals through the ATMs. This has inbuilt security features
for purposes of authorisation. |
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| Regional Payroll
System |
| The Regional Payroll System caters to the payroll
related requirements of an International Bank. The software is implemented in 16 branches
across 11 S.E. Asian Countries. The software is highly parameterised, catering to
localised Legal Requirements and with Security, Audit Trail, Context sensitive Help,
Uniform User Interface, and Interfaced to the bank's Human Resources software and with
IDMS. |
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| Evaluation of a
Banking System |
| A huge banking system (developed in UK with over
150 man years of effort), was evaluated in detail, mainly technically, but also
commercially, on behalf of an investor. This involved a detailed code walk thru,
document/design study and analysis, QA and survey to establish the soundness of the
business plan. The system evaluated is a rich and powerful financial data warehouse and
(real time) processing engine, for use in a Global Trading Institution. It is designed to
work with the existing applications, which can act both as a source of data as well as
users of information. It starts off with providing the user information about all the
organisations business. It captures information from disparate sources and transforms it
into a common, consistent view of customers, assets and events and their consequences. It
lets the user build views of customer queries, risk analytics, global consolidation and
management and reporting. The system is an intelligent MIS, in that it automatically
processes events that are scheduled to happen during the life of a transaction. The
highlight of the system is that it can work with the existing systems and gives the user
the freedom to introduce new solutions as required. |
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| Integrated
Payroll System |
| Integrated Payroll System (IPS) is an interface to
payment applications for funds transfer through ACH, Wires and Checks. It also provides
financial information consolidation / reporting and EDI translation services. The services
was being supported on IBM mainframe through individual mainframe jobs which are totally
independent of each other. This has restricted further growth and
enhancements to the
system. Fusion re-engineered the existing application with new enhancements. |
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| Financial
Accounting Package |
| This software accepts Journal entries and posts
the entries to ledger. Prepares Trial Balance and Profit & Loss Account. It also
generates Account Wise Balance Reports. |
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| X-Banker (
Banking Application ) |
| X-banker is a Multilingual,
Multi-currency Banking
package which handles Retail and Corporate Banking. It handles various aspects of Banking
like Loans, Deposits, Foreign Exchange, Money Market, Funds Transfer, Bills and
Collections, Letter of Credits etc. Central Liability is one of the main features of
X-banker. It also provides its customers the facility to receive their various Financial
statements periodically through Mail or Telex. X-banker is available on LAN and UNIX. |
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| Parameterised
Payroll Accounting System |
| Design and development of an Employee Payroll
System, under Visual Basic 2.0 (under Windows). This system provides for dynamic
definition and formulation of earnings and deductions. |
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| Financial
Forecasting System |
| Design and development of a financial forecasting
system in integration with a Financial Accounting software. Done for a multi national
Company. |
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