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Product Description & Key Modules

PRODUCT DESCRIPTION

BANKING PRODUCTS: CORE BANKING, ALM, TREASURY AND ACCOUNTING SOLUTIONS

Mindmill's Banking Products include

• Accounting: Financial Accounting
• Treasury: Borrowings & Investments
• Asset Liability Management (ALM)
• BankMill: Complete Banking Operations

Mindmill - Accounting is a browser-based, user-friendly centralized fully fledged accounting application that allows a large commercial organization to conduct its business with all its various interfacing organizations along with full MIS reports and internal management tools. Mindmill Accounting consists of the following features:

• Multi Branch Accounting
• Cost Center based on Location/Project and Department
• Multi Currency Support
• Multiple Cashiers
• Workflow Based Payables and Receivable
• Fixed Asset Register
• Loans with NPA processing
• Borrowings
• Investments with NPI processing
• Bonds
• HR And Payroll
• Leave
• Reimbursement
• Taxation
• All Statutory Reports
• Reconciliation
• TDS Returns and Certificates
• IT returns
• Service Tax and VAT with returns/ statements/ registers
• Document, Photograph and Signature linking
• Transaction Reports (with Multi-Branch Functionality)
• Service Charges
• PDC Management
• Legal
• ALM
• Vouchers printing ( general and consolidated for multiple transactions)
• Bank Book
• Balance Sheets
• Income & Expenditure account
• Receipt and Payment account
• Annual accounts schedules.
• Investment register
• TA/ other advances/ EMD/ deposits with other parties
• Bank payment / receipts vouchers
• Cash payment / receipt vouchers
• Bank reconciliation
• MIS and Reports
• PF accounts / returns/ statements
• TA/ Medical

MINDMILL ACCOUNTING SOLUTION ADVANTAGES
Mindmill Accounting solution offers benefits for accounting processes and end users. On the accounting front the advantages are:

• Tree Based multi level GL Head Structure
• Real time transaction processing
• Straight through processing
• Single Organization-wide General Ledger, Profit & Loss and Balance Sheet for all modules
• Detailed MIS including Asset Liability Reports
• Text and WYSIWYG (what you see is what you get) based Reports
• Inter-office Reconciliation
• Multi Currency

End Users of Mindmill Accounting Solution benefit from:

• Full drill down software, allows you to navigate to the root of each entry by clicking on it.
• Easy to use screens which require little scrolling up and down and only relevant fields are present
• Ease of Navigation through a left hand tree. A user can click on a node/type an abbreviation and go to any screen immediately.
• Access to accounts based on account number, account name, benefactor name & number

MINDMILL TREASURY SOLUTION
Mindmill treasury solution has the following three modules:

• Front Office
• Mid Office and
• Back Office

Front office refers to the actual deals with the market. Mid Office refers to the approvals and diligent documentation processing and finally Back Office refers to the actual settlement. This software allows you to do all three functionalities. Mindmill treasury application covers most products available in the market except structured products.

FUNCTIONALITY
Mindmill treasury solution allows a company to manage its complete borrowings and investments portfolio. The following functionality is covered: Borrowing Specific:

• Fully Parameterized Interest Definition & Processing
• Borrowing Master
• Charges
• Planned and Actual Drawdown Schedule
• Security & Guarantor Management
• Hedging
• Planned and Actual Repayment
• Bond Issue Management including
• Current Bond Owner
• Bond Repayments
• Coupon Payments

Investment Specific: Role and Rights based functionality is available for front office, mid office and back office investments management. Specifically, Mindmill ALM solution covers:

• Fully Parameterized Interest Definition & Processing
• Several Investment Products Supported (detailed in following paragraph)
• Ladders
• Issuing Agency
• Counter Party & Brokers
• Current Bond Owner
• Bond Repayments
• Mark to Market
• Non Performing Investment (NPI) Processing
• Deal Inquiry & Deal
• Investment Documentation
• Settlement

The system provides a comprehensive structure to record, manage, monitor, evaluate and subsequently evolve the various aspects of Operations Risk. Appropriate reports are available to allow the users to analyze and evaluate the operations risks. The following aspects are managed:

• Contractors
• Risk Management Committee Member
• Risk Management Committee Member Roles
• Risk Management Committee Member Responsibility
• Risk Management Committee Meetings
• Business Units
• Business Process
• Operational Risk Entity
• Control Entity
• Operational Risk Event Effectiveness
• Actual Operational Loss Measurement
• Loss Frequency Range
• Loss Severity Range
• Operation Risk Level
• Risk & Control Self Assessment Scorecard
• Risk & Control Assessment Summary Report
• Risk Treatment Schedule & Action Plan Report
• Loss Data Collection Template

Mindmill ALM solution also covers modules related to

• Liquidity Risk Management
• Market Risk Management
• Credit Risk Management

BANKMILL: CORE BANKING SOLUTION
Bankmill is a comprehensive, modular highly parameterized banking solution providing the much needed flexibility & scalability factor to adapt to a dynamic business environment. With Bankmill CBS, banks can meet challenges of managing functional change, compliance and customer requirements effectively. The functionality rich modules such as Bankmill ALM, Treasury, and Borrowings & Investments & Accounting provide banks with varied palette of features to continuously innovate on their respective product and service offerings. Mindmill's expertise in core banking encompasses the whole gamut of functionality, be it single customer view, checking accounts, back office transaction processing for lending, funds transfer, asset liability management, management of complete borrowings or investment portfolio or any other niche/ generic trait. BankMill™ - Core is a browser-based, user-friendly centralized full fledged banking application that facilitates banks to achieve operational efficiency with full MIS report generation functionalities and internal management tools. It helps banks to expand and enhance their operations to deliver cutting-edge, cross-channel capabilities to their customers.

Bankmill: KEY MODULES
BankMill provides the bank with an architecture which provides:

• Centralized Database
• Singular Application Deployment
• Global Employee and
• Global Customer

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