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Sources, Uses & Commitments Dashboard

The finance director of a fund or bank needs to know, every day, how much funding is available, how much of it has gone out as financing, how much is held or committed, and how installment collection is going. In many organizations these figures are pulled together from several separate reports, and none of them quite matches the others. Dara's dashboards read directly from the Financial Core and the domain modules, so the figure a manager sees is the figure recorded in the accounts.

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Key capabilities

  1. 01Real-time balances of the organization's cash desks and bank accounts
  2. 02Sources: deposits by category, branch and customer
  3. 03Uses: financing portfolio, classification and provisioning
  4. 04Commitments: collateral holds, guarantees and allocated credit
  5. 05Regulatory reports and financial ratios such as ROA and ROE
01

Sources

Balances are read from the Financial Core and broken down by deposit category, branch and customer. The organization's cash desk and bank account balances appear in the same view, next to deposits.

  • Deposits by category and branch
  • Major customers
  • Cash and bank balances
02

Uses

The financing portfolio can be viewed by contract, credit line and branch. Installment collection status, arrears classification and loan-loss provisions are shown in this section too.

  • Portfolio by contract
  • Arrears classification
  • Loan-loss provisions
03

Commitments and ratios

Amounts held as collateral, guarantees, and allocated credit that has not yet been used are totaled under commitments. Ratios such as return on assets and return on equity, along with regulatory reports, are built from the same data.

  • Collateral holds
  • Guarantees and allocated credit
  • Financial ratios and regulatory reports

Platform modules behind this solution

Financial Core

Financial Core

This module holds each company's chart of accounts, detail levels, vouchers and fiscal periods. The balance of every account is computed in real time from voucher lines, and every other module records its financial effect only by posting a balanced voucher to this core.

Treasury

Finance & Payments

Cash position from the branch cash desk to the central vault, bank accounts, receipts and payments, and transfers between cash desks. Chequebooks through to collection or return, petty cash and reconciliation are handled in the same system.

Qard al-Hasan Deposit

Finance & Payments

The deposit account cycle from opening to deposits, withdrawals, transfers, closing and reactivation. Fees, transaction reversal and account dormancy are also handled in this service.

Financing

Credit

The credit cycle from application to final settlement, based on Islamic financial contracts. Every transaction goes to the Financial Core as a balanced voucher, and financing data stays in its own database.

Investment Portfolio

Finance & Payments

Shows each of the organization's investments next to the limit set for it in the bylaws, and measures and reports how far it is from that limit.

More solutions

01

Core Banking & Qard al-Hasan Fund

A multi-level chart of accounts, three-stage vouchers, fiscal periods and treasury in a single Financial Core. Deposits, financing, cards and wallets all read their balances from it.

  • Chart of accounts with up to six detail levels and conflict-free code allocation
  • Vouchers in three stages: draft, provisional and final
  • Consecutive, non-resettable voucher sequence numbers for each fiscal period
Solution details
02

Deposit Management

Each deposit category is defined by about thirty policy switches, from withdrawal permission and partial holds to daily limits. The balance lives in the Financial Core, and the account simply points to it.

  • About thirty policy switches for each deposit category
  • Account numbers generated from a pattern and a check digit
  • Joint ownership with ownership percentages, withdrawal rules and signatory groups
Solution details
03

Scoring & Eligibility Models

Daily deposit balances are converted into scores every night, and an eligibility policy turns each score into a financing limit. Eleven scoring methods and four eligibility models are available.

  • Eleven scoring methods, from average daily balance to progressive tiers
  • Four eligibility models with rounding rules and minimum and maximum amounts
  • Each method's parameters held in a versioned policy, outside the code
Solution details
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In a demo session we walk through your organization's scenarios on Dara's demo environment and answer your technical and finance teams' questions.

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