Flexible solutions for financial institutions.
Asset Management System (AMS)
The Versabanq Asset Management System (AMS) is a Windows-based proprietary software program originally developed for Pacific & Western Bank of Canada to manage and report on its diverse portfolio of loan, lease and mortgage assets including both demand and term credit facilities. The system was designed to provide maximum flexibility while incorporating strong internal control features and is scalable to any size organization or loan portfolio. Pacific & Western Bank of Canada is a Schedule I Canadian Chartered Bank.
- One-Stop Information Access Point. The system allows users to manage products, clients, connections, asset types, and complete mass updates on clients all from one localized interface and provides complete details of a facility's history from one central access point.
- Customized Search Functionality. Users can sort data by client, asset type, account manager, profit centre, risk rating, etc. with one easy to use custom search.
- Operates in Real-Time. Additions and deletions to data within AMS take effect as soon as an authorized user saves an operation.
- Controlled Access. Access to various functionality is tightly controlled through defined individual users or groups that are easily managed by an administrator.
- Database Driven. Utilizes a SQL database to store and access data.
- Exposure Management. Tracks connected credit facilities, as well as facilities by defined categories, in order to efficiently and easily monitor compliance with regulatory and policy connection exposure limits. AMS also performs compliance tests on new loans and leases to ensure that the financial institution is in compliance with regulatory policies.
- Email Notifications. AMS can be configured to send e-mail notifications to concerned users when defined events occur during the life of a loan/lease, such as interest arrears or overdue credits.
- Status Management. The system tracks the status of a loan, lease or mortgage from initial call through to final repayment and closing of the credit facility.
- Custom Reports. Customized reports can be generated as frequently as daily based on user requirements, including Matured Credit Facilities, Overdue Reviews, Credit Connection, Asset Type, Credit Application Preparation, etc.
- Risk Rating and Basel II Functionality. A loan risk rating module, incorporating Basel II compliance measures, is included in the system functionality.
- Audit Trailing. Programmed to track all changes in order to create an audit trail. AMS records the date, the user, and all fields changed with original and new values each time an authorized user performs a change to a facility.
Accounting Functionality
AMS allows for the addition of various new bank accounts, such as Cash Collateral Accounts, Escrow Accounts and Prepaid Lease Accounts. In addition, AMS allows the user to easily transfer funds between facilities and between multiple accounts within a facility.
AMS also allows designated users to manage bank accounts, print invoices, cheques and wire transfer requests, calculate future projected repayments, cancel payments, and process wire transfers, and provides a posting report for use with an external accounting package.
Architecture
Client-server application
Windows-based user interface
Technical Considerations
Client Requirements:
Windows 2000/XP
Server Requirements:
MS SQL-based backend
Hardware requirements dependent on the scale of the organization
Sample Screenshots
Free Trial Download
The amortization schedule generator program in AMS is available for free.
Try Versabanq AmSchedule Express.
To try the full version of AMS at your site, please contact us.