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  5. Accounting and reporting of a credit institution
Rating: 4.9. Number of organizations: 251
Countries: All
Operating system: Windows, Android, macOS
Group of programs: USU Software
Purpose: Business automation

Accounting and reporting of a credit institution

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Accounting and reporting of a credit institution - Program screenshot

Accounting and reporting of a credit institution in the USU Software are organized in the current time mode, so any operation performed by a credit institution is immediately displayed in its accounting and at the same time is documented for reporting, while the staff does not participate in any of these procedures, but only in the execution of the operation itself and its registration in electronic forms. Then, all actions, including accounting and reporting, are performed by automation: collecting user information confirming the transactions performed, sorting it by processes, objects, subjects, and calculating indicators that are subject to accounting and are included in the automatically generated reporting, and the result obtained is immediately displayed in the corresponding document accompanying the accounting procedure.

Automation of accounting and reporting of a credit institution improves the internal processes that a credit institution has in its activities, regulates the duties and work of personnel, establishes control over accounting and reporting, speeds up information exchange, and, thereby, increases the efficiency and correctness of accounting, the quality of reporting and speed company’s processes, reduces the costs of the credit institution by reducing labour costs and increasing labour productivity, which, as a result, will lead to profit optimization. Using the automation of accounting and reporting, a credit institution structures all processes for keeping records of its activities and systematizes information on various types of reporting, including accounting for counterparties and statistical reporting for the regulator, while automation still generates all the documentation of any type of reporting.

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  • Video of accounting and reporting of a credit institution

Therefore, the participation of employees of a credit institution is minimized in the automation of its activities, including accounting and reporting, since the automation program performs many functions and, therefore, works instead of personnel, whose responsibility now only includes adding their readings to the above-mentioned electronic forms, which are individual for all employees and provides personal responsibility for the quality of the information posted in them and the automatic accrual of monthly remuneration, taking into account the information posted in them.

Automation of a credit institution regulates the activities of personnel, considering the time and the scope of work attached to each operation performed, personalizes their work, offering individual logs and an individual work area - an area of responsibility within the competencies and assigned duties. At the same time, the automation of accounting and reporting of a credit institution provides unified electronic forms as individual work journals to speed up the data entry procedures performed by users daily, thereby increasing the speed of processes, as mentioned above. The unification of forms offered by automation leads to the unification of operations, bringing their execution to automatism, which is required to optimize activities. At the same time, the automation of a credit institution registers the amount of work performed by users in time, according to the standardization of operations, and assesses the effectiveness of each after a period in the preparation of internal reporting with an analysis of all types of work and the personnel involved in them.

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Automation of a credit institution allows it to have a regular analysis of its activities, including an assessment of the status of loan applications that make up its profit, so their analysis makes it possible to control the behaviour of customers, their compliance with credit conditions, the timeliness of payments, and the amount of existing debt. It should be added that only USU Software provides automatic analysis in this price segment, while similar offers from other developers can only offer it at a higher cost of the program. A credit institution receives not only reports with an analysis of all types of work but also statistics of indicators with the dynamics of changes in past periods, which allows effective planning for future periods, considering the accumulated data and predicting the results, extrapolating them according to the identified trend.

The program is installed on the computers of the credit institution by our specialists, without involving its personnel in the installation, but offering a short presentation of all the software's capabilities, which also allows employees to quickly familiarize themselves with the functionality for successful development. Although our products differ from all others by their convenient navigation and simple interface, this allows you to involve personnel in the work without any user skills, providing the automated system with diverse information. Such different information helps to compose a more detailed and in-depth description of the current state of the processes and operations that are being performed at a given time in a financial institution.

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Accounting and reporting of a credit institution

To personalize the working user, a choice of more than 50 interface design options is offered through a convenient scroll wheel on the main screen. Users receive separate access to service data, limited by the scope of their duties and powers, by assigning personal logins and passwords. Login personalization provides for performing in personal electronic forms, which are easy to control over the quality, timing of execution, and data reliability. Control is the responsibility of management, which has free access to all documents, uses the audit function to speed up the procedure for checking the logs.

From the databases formed in the automated system, the client base, the nomenclature, the loan base, the user base, and others are presented for accounting and reporting of various types of activities. The main thing in accounting for loans is the base of loans, which contains not only a complete list of them but also detailed information on each application with terms, amounts, and conditions. For each loan, you can display a detailed register of operations performed in the credit institution since its issuance, including dates, the name of the tasks performed, and the results obtained. Each operation performed in the loan database is assigned a separate status and colour to it for visual control over the current state of the loan in order to quickly assess it.

The automated system of credit institutions widely uses colour visualization of indicators, which saves users time on assessing current processes and achieving results. The loan base can be easily sorted by status to highlight the actual work area, which helps to separate company’s operations and, therefore, speed up their implementation. No less important than the base of loans is the client base, where not only personal data and contacts of borrowers are concentrated but a complete history of interaction with each is collected. Here, a similar register of contacts with each client is formed, where all actions performed are indicated by dates, including calls, letters, and contact results.

Clients are divided into categories according to the classification chosen by the credit institution, this allows you to organize contact with target groups, which dramatically increases the scale of interaction. The program independently performs all calculations related to accounting and reporting, including payments considering the repayment schedule, interest, commissions, and makes a recalculation of the payment when the exchange rate fluctuates. It calculates piecework wages to users according to the volume of tasks that are registered in their work logs, increasing the activity of staff.