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Financial Management


Financial Mgt Services:  General Ledger  |  Payables  |  Fixed Assets  |  Profitability  |  Investments  |  Asset Liability


General Ledger


Oracle General Ledger provides highly automated enterprise accounting for financial institutions. It is the fastest and most scalable general ledger on the market with all the tools to manage financial performance at any level.

Gain Efficiencies with Highly Automated Financial Processing
Oracle General Ledger automates the most time-consuming chores in financial management. From processing journal entries to keeping your software up-to-date, COCC has built-in the most advanced automation, guaranteed to save you time and money.

Oracle General Ledger from COCC:

  • Delivers financial information customized to any level of the institution.
    Automates complex tasks, such as subsidiary eliminations.

  • Reduces support costs through automated software updates, bundled business recovery services, and all-electronic reporting.

  • Works seamlessly with other Oracle Financials products to drive better decision-making, sustain financial discipline, and optimize business processes.

Establish and Maintain Superior Internal Controls
Guarantee data integrity with a single ledger to manage all financial information throughout your institution.

 

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Payables

 

 

 


Payables


Oracle Payables improves margins, instills corporate and fiscal discipline, and optimizes business processes. Next generation technology offers unprecedented automation and instant updating of related information in Oracle General Ledger and Oracle Fixed Assets.

Working from a single, comprehensive source of financial information, Oracle Payables reduces error and duplication of effort while delivering the best in convenience and information access. Using ADI (Application Desktop Integrator) further increases convenience and automation.

FEATURES AND BENEFITS

Painless Payments
Automate invoice processing with pay groups, invoice scheduling, and selection criteria for invoice generation. Oracle Financials from COCC simplifies invoice payments with payment priorities, pay groups, and payment selection based on criteria established by the institution.

Automatic Information Updates
Advanced technology eliminates the lag between updates in Payables and updates in General Ledger. With Oracle Payables, generating an invoice automatically triggers an update to the Oracle General Ledger.

Instill Corporate and Fiscal Discipline
Oracle Payables is a major tool to enforce business rules that lower exposure to fraud, error, and unauthorized payments. Automate the routing and approval of invoices according to the unique requirements of your business. Leverage joint controls with Oracle General Ledger.

Keep Growing
Oracle Payables helps you manage any level of complexity, including future-dated payments, sales and use tax, withholding tax, and regional and local taxes. The system is truly accounting without limits for your growing organization.

 

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Fixed Assets


Oracle Assets reduces the cost and improves the accuracy of fixed-asset transactions through automated asset management. Using a single source of financial information, Oracle Assets presents the full range of asset information while streamlining standard management tasks such as asset transfers, disposals, reclassifications, financial adjustments, and tax legacy data conversion.

Fully integrated with Oracle General Ledger and Oracle Payables, changes to Fixed Assets are automatically reflected throughout the institutionís financial system. Using ADI (Application Desktop Integrator) further increases convenience and automation.

FEATURES AND BENEFITS

Lower the Cost of Asset Ownership
Oracle Assets enables your institution to manage its assets in a single system that automates many transactions to reduce the costs associated with fixed-asset transactions while improving accuracy.

Securely Manage Assets
Use reliable and timely information to properly manage your enterprise's fixed assets. Reports or perform ad-hoc inquiries for quick and easy access to asset details. Because Oracle Assets is an integrated solution, standard events such as adding or retiring fixed assets will trigger an update in Oracle General Ledger.

Increase Efficiency with Self-Service
Oracle Assets provides real-time asset transfer functionality to simplify and streamline the complex task of tracking inventory ownership and location. Armed with asset information, you can make better decisions about managing your current assets while planning for the future.

Comply with Local and International Regulations
Oracle Assets supports complex and diverse reporting requirements. Whatever depreciation method you choose, running it will update the Oracle General Ledger with no manual intervention required.

 

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Fixed Assets

 

 


Profitability


Our Profitability System is a cost-accounting solution that can help you understand and enhance the profitability of your accounts, account holders, products, officer portfolios, and branches. This solution determines the profitability of your products based on your financials, giving you the right information to strengthen your profitability.

Developed with the latest Microsoftģ SQL Server and .NET development tools, our Profitability System interfaces with COCCís next generation accounting and data management solutions.


See the Entire Profitability Picture
our profitability system shows you every aspect of your institutionís profitability profile. It uses general ledger, transaction, and organizational unit detail to calculate profitability at every level.


See How to Improve Profitability
our profitability system offers an extensive library of analytical reports that illustrate performance and suggest ways to increase your income. For example, you can see net interest income, non-interest income, non-interest expense, provision for loan losses and break-even analysis at the service and product levels.

 

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Profitability


Investments


The Investment Accounting system integrates portfolio analytics and investment accounting to increase productivity, improve decision-making and enhance customer service.

Investment Information at Your Fingertips
The Investment Accounting system maintains all the information your institution needs to track your institutionís portfolio. The system handles a wide range of security types - including bonds, equities, mutual funds, certificates of deposit, and floating-rate instruments - as well as more complex investment instruments such as collateralized mortgage obligations (CMOs).

Save Time through Automation
The Investment Accounting system streamlines the accounting process for your institutionís portfolio through automated calculation of interest, amortization/accretion, yields and future cash flows. The system offers level-yield, straight-line or ratio amortization/accretion and six interest accrual methods.

Complete Security
Investment Accounting enables your financial institution to establish a full set of management controls.
 

 

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Investments


Asset Liability


COCCís Asset/Liability Management system helps financial institutions assess their current risk exposure and test strategies
to improve performance. Advanced database functionality and analytical tools are used to evaluate every aspect of the institutionís balance sheet and to develop an appropriate balance between enhanced profits and acceptable risk.

This is system works well with the Oracle General Ledger and other financial management tools to increase automation and focus financial institutions on their potential risks in a variety of rate scenarios.

Gain Insight in Record Time
Convenient features in the COCC Asset/Liability Management system enable an institution to gain insight into its risk profile in record time. The system interfaces easily with other applications for quick and accurate updates.

Understand the Impact of Changing Conditions
As market conditions change, so can the COCC Asset/Liability Management system. With features like the ability to change growth and interest rate assumptions for all accounts from a single screen, this system is one of the most flexible around.
 

 

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