Banking

Banking ERP

Modern banks use technology heavily for operations, but tend to run disparate systems and solutions to run operational and transactional requirements. This leads to mounting operational challenges for the management to control and monitor the expense, manage payments, vendors, procurement, audits and the asset life cycles. Agreements and contracts need to be managed to take care of expiry, renewal or cancellations. There is no centralized view of the branch operations and activities for the senior management. This is where an integrated system comes in to provide solutions for these challenges.

To build an integrated operations and transaction management system, a bank needs to

  • Plan, monitor and control the total expense and payment process across the organization with a single view
  • Manage new branch openings centrally
  • Design and implement a single system to make the compliance and audit processes easy
  • Manage the entire Fixed Asset Life Cycle more accurately
  • Oversee, control and manage the cash outflow against the approved and budgeted financial planning
  • Streamline the vendor management and payments centrally
Solution Highlights

This is where Chimera comes in with its open source solution.

  • Centralized Procurement, Inventory and Payment Solution
    This solution helps the bank to execute the end-to-end procurement process, from the requisition till the vendor payments. This happens centrally with the required and necessary workflows and approvals.
  • Capital Expense & Transactional Budgeting and Planning Solution
    This is a comprehensive system that helps the bank to control and monitor the Operational Expenses based on pre-defined budgetary approvals. The solution manages work flows and pre-approved budgets in addition to the restricted expenditure requirements.
  • Fixed Asset LifeCycle Management Solution
    This solution helps bank effectively overcome the challenges associated with management of Fixed Asset Life Cycle. All elements form asset planning, depreciation, sales, write-off etc. across the enterprise are centrally managed with this system.
  • Printing and Stationery Management Solution
    With the focus on conserving the environment gaining ground, the integrated Printing and Stationary Management solution helps the bank to execute the requisition and distribution of stationery and printing inventory processes effectively.
  • Total Building Infrastructure management System
    The solution helps banks to better manage building facilities which includes owned, rented or leased buildings. The solution also helps the bank to plan a new branch from the planning stage through to the acquisition, project management and launch.
    Contract Management System
    Integrated Contract Management System provides effective capabilities to manage all contracts and agreements with all its amendments, extensions, and terms & validity. The payments and vendor engagement will be based on the Contract Management System.
  • Project & Task Management System
    Whatever the nature of the project (IT, Marketing Campaign, Infrastructure Projects or others), the solution helps you to manage it from end to end, with key reports, metrics and controls in place.
  • Finacle Integrated P&L and Balance Sheet Reporting
    This is a web enabled portal, which is integrated to the Core Banking System – Finacle, delivers on-demand and pre-defined reporting solutions for the Corporate P&L, Balance Sheet and other MIS.
Solution Benefits

The benefits of the Chimera Enterprise Operations and Transaction Management System are

  • Secure, wholly owned solution with source code
  • 100% customizable, web enabled and scalable solution
  • License free* application reducing the total cost of ownership
  • One time investment for the application development with unlimited deployment licenses
  • Centrally hosted, browser based, easy to manage and scalable application
  • Platform & Database independent – Reduces the IT Infrastructure investment
case studies
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Client Testimonials

We have been engaged with Chimera since 2008 and overall we have had a great customer experience! The support, flexibility and speed of response from team were exceptional.

Joanie Olivier, Executive Partner,

Iconitel Consulting Services Inc.

Our entire experience with Chimera has been very positive and we are privileged to work with such an outstanding group of professionals

John Toman, Partner,

Acelo Solutions Inc.

Their unconventional way of thinking has helped Orange solve several practical issues in the most efficient ways

Tom Clarke, Head of Connectivity Management Solutions,

Orange Business Service

The professional relationship with Chimera has been beyond our expectations. I would like to congratulate you on your levels of customer service, as your support team are always quick to respond, and expertise.

Reinaldo. A. carvalho, CTO,

Phoenix Kiosk