MultiCash electronic banking modular
product is an efficient solution for corporate clientele. Its
module CashManagement ensures among other functions also
electronic transfers on the basis of current information with
the use of the most advanced technology.
The basis for CashManagement includes
the functions Account statements,
Balances and Transactions. For
analyses and forecasts the product offers reports of
Foreign exchange balances with a wide range of
possibilities to present information received from the bank. The
reports may also include Planned data
for detailed forecasts. The optional module "CashManagement
Plus" includes besides liquidity statement and
daily administration of financial means also
other functions allowing to evaluate accounts and/or
sub-accounts in a number of statements.
The function Account
statements provides detailed information about
each account. The statements that cannot be received
electronically may be entered manually. As a result you may get
the current and complete statement including all bank accounts.
The system allows conversion to EUR. Transactions and balances
may be displayed also in the original currency.
The function Turnovers
provides detailed information about individual
movements including (where applicable) daily pre-accounted items
and current balances. A wide range of possibilities of
cross-selection allows a fast search of particular transactions
and generation of reports.
The statement of the latest accounting
positions on all accounts may be found in the function
Balances. History of balances is available for
all individual accounts.
The function Planning data
allows incorporation of the projected cash flows
in the reports of liquidity management. It is also possible to
define regularly recurring movements. The Interest
management function provides statements on the basis of
detailed data on interest.
The basis of cash management is the
tool called Foreign exchange monitoring.
In this case the system uses all available information (the
current bank positions, planning data and data on interest) for
proposal of transfers across all accounts and optimization of
interest. After accepting or changing of such proposal, the
system will automatically create instructions for transfer of
means between accounts within the bank (between banks). This may
be done for one or more currencies. Instructions for transfer
are automatically incorporated in the planning data.
Setting by user
A number of Guides
will guide the user step by step through the first installation
of the software and the necessary settings, i.e. particularly
definition of new Users, creation of
User groups, Profiles and various
System parameters and Communication
The system is multilingual.
Users may choose the language in which they wish to
work with the system. The language is selected during defining
of user in the program. In addition, it is possible to define a
Standard user on the basis of which individual
access rights may be adjusted. Functional profiles
for specified options may be set by means of a
tree structure. Data profiles set the
data that are available to user or group of users for displaying
and working with it.
For communication between clients and
the bank, MultiCash supports a number of standard protocols. The
most frequently applied is the MCFT protocol that is used also
in the Czech and Slovak Republics. It includes all the necessary
elements for a safe communication (electronic signature,
encryption, compression and check of the format). It is
developed in such a way to comply with the highest security
standards and is subject to external audits. The benefit of the
MCFT protocol is a distributed electronic signature allowing
authorization of transactions from a remote place. MultiCash
supports all available communication channels, i.e. Modem -
Modem, ISDN, X.25 and TCP/IP. Communication through
Internet has been fully integrated.
The function of electronic signature
allows signing of the file of payments to be sent,
electronically by means of the user´s RSA secret key. This
ensures irrefusability and incontestability of the payments
made. The electronic signature module allows generation of the
user´s common and secret key during installation and its later
change, as the case may be.
File manager is the central point for
displaying the flow of information and instructions between
clients and the bank. File manager allows signing of files (up
to six signatures) and ensures communication. All items of
information are audited and available for reference purposes and
MultiCash payment modules provide the
user with a convenient system of acquisition and administration
of payment instructions including the following benefits:
- Support of automatic processing
through the use of standardized data formats
- Individualized administration of
users with access rights and verification options
- Minimization of errors through
syntactic checks of individual fields
- Reduction of time-consuming
procedures and costs through a number of auxiliary databases
for frequently used data (accounts, recipients, etc.)
- Daily check of regular standard
orders, standing orders and orders with variable amounts
- Openness through clearly defined
export and import interfaces.
The screen format for data acquisition
is compatible with the standard hardcopy orders.
Supported is also acquisition of Single,
Standing and Term orders
(orders with variable amounts). Entering
of orders may be facilitated by means of pre-defined templates.
Effective date of orders is set according to
the current date of the system, unless it is set otherwise by
may be set in such a way which requires confirmation of each
payment instruction by a second authorized user and, if
necessary, it is possible to set also the limit of the payment
All payment options used in a country
are supported by the Domestic payments module
(e.g. transfers, non-cash payments, urgent payments).
In case of foreign payments and
international payments it is possible to add additional
data, such as data on fees and charges, instructions for the
bank and references to the respective forex contract. The RFT
(MT101) module allows also directing payments to third party
banks. Thus, these modules are ideal for the support of the
international multi-bank payment network.
Access to the payment
modules and individual functions is provided only to the
individual payment modules contains a number of optional
settings according to the user´s needs. Available is also the
function of backup and recovery of the database. Special
emphasis is put on the protection of data prior to its
facilitate entering of frequently used data (e.g. the order
party, recipients, banks, accounts, currencies, etc.). Auxiliary
databases may be adjusted either manually or by import of data
from other systems.
Creation of an order –
Order may be created as a single or standing one or as an order
with a variable amount. After its creation, the order may be
saved as a sample order for a future use. When entering orders,
all mandatory fields are highlighted in colour. All recurring
data may be entered by selection directly from auxiliary
databases. The system notifies the user of the due date of
standing orders and orders with a variable amount.
Verification and approval
of data may be assigned to different
users and the verification levels may be set appropriately.
Sending of orders to the bank
– after verification, the due orders are concentrated in one or
more payment files to be sent to the bank (banks) and the user
starts up communication with the bank. According to the system
setting, one or more electronic signatures are required.
Alternatively, it is possible to save the file temporarily and
send it to the bank later or create a file of instructions on
diskette and send it by mail.
provides the user with the possibility to display the history of
each transaction. All items of information on the payment files
are displayed on one screen. As a result the user can see
immediately who is responsible for data approval, signature and
sending of the orders. In addition, the communication status and
data on archiving are recorded here.
Import of payment files
generated by third party systems is supported by all
payment modules. Supported is also the standard format used in
the given module or the text file defined by the user. Imported
orders require verification and electronic signature prior to
their sending to the bank.
Export of data to
other applications may be performed in the form of the text
files defined by the user.
Available are also different
reports and protocols, including statements of payable
payments, summary and detailed printed reports of payment files
For more information
please see the brochure in PDF