Our Focus, Your Business! Financial Software since 1992 Call us! 973-884-1020
Increased demands and pressures are forcing organizations to deliver more without sacrificing competitiveness.
Traditional IT systems are cumbersome, expensive , and outdated.
The Synergy Core Banking Suite is designed to adapt to new demands and pressures
Our software is a cohesive solution that uses the latest technology to help your business excel in today's rapidly changing environment.
Our experienced team has 300+ combined years of expertise from banking and/or delivering IT solutions.
Synergy Banking Suite
Overview
Products
Accounts
• Complete DDA/Nostro account management
Core Data Management
• Master data storage for common information
Facilities & Limits
• Complete system management for designated credit and account managers,
accessible from inside and outside Synergy products
• Handle positions and risk quickly and effectively
Funds Transfer
• Control outgoing and incoming SWIFT payments & messages with batch booking entries with an intuitive and open interface
Loans and Deposits
• Manage your overnight, fixed term & call, loans and deposits
Trade Services - Back Office
• Handle standby and documentary LC insurance, advise, confirmation, amendment, collections and open accounts. Automatically process outbound and inbound MT7XX messages
Trade Services - Corporate
• Control your company's trade finance instruments and automatically interact with multiple financial institutions via SWIFT MT798 messages
General Features
• Flexible accounting definitions and customized outputs
• Secure cloud based solution with encrypted password protection
• SWIFT integration for inbound & outbound messages
• Integrated into Limits & Facilities
• Multi-currency/branch/language compatibility
• SWIFT integration/payments via applications with a focus on MT1XX, MT2XX messages
• Branch defined local data captures
• Automatic archiving for consistent and reliable retention
• Upload & attach files for faster workflow
• Flexible and robust queries with the ability to export to Excel
•Customizable end of day reports for greater efficiency
•Templates & saved data allow for fast deal input & account creation
Security
Innovative protection against risks of all kinds
• SSL encryption by default
• Two step entry/verification available for all transactions
• User & password protected access with enforced rules
• Dynamic menu options based on user access credentials
• Offsite Hosting provides state of the art data and hardware protection as well as uninterrupted business resumption capabilities
Human Resources
• Manage employee access credentials
• View employee user details such as department, last access date,
payroll history & much more
• View employee Due Diligence and set employee accounts
to active/inactive or disable and/or delete
• View & generate employee activity reports
Synergy Accounts
Intuitive options for greater data control
• Provides fast account creation utilizing standard terms & conditions
• Used for DDA (current) accounts as well as Nostro accounts
• Full support for multi-tier credit/debit interest based on account balance
• Allows for multi-account interest pooling & cash sweeps
•Interest income & expense margins can be allocated to different departments
• Generate customer statements in multiple formats and languages
• Block specific accounts/customers/deposits
• Standing orders
• Fully supports MT9xx messages
Synergy Core Data Management
Houses commonly used information across related applications
• Sophisticated customer data entry
• Multiple customer output options in multiple languages
• Allows for centralized risk management
• Contains the rules for Synergy's accounting engine
• Ensure comparability with your GL with dynamically created account numbers based on numerous mappings
• SWIFT validation tables
Synergy Facilities & Limits
Overall customer risk across your institution on a single page
• Manage your collections, deposits, and securities in a single dashboard with daily & monthly summary information
• Grant & monitor customer credit facilities in multiple currencies
• Provide credit and account managers intuitive tools
• Manage and control entire customer relationships across multiple option facilities, limits, draw-downs & repayments
• Credit facilities and internal limits validated in real time
• Varied fees are easily entered and automatically billed and settled
• A single inquiry can show a customer's limits, positions, and available amounts in real time, across multiple products
• Allows for output to Excel for further analysis
Foreign Exchange with Synergy
In 2022, the value of Foreign Exchange business per day was over $7.5 trillion
• Manage positions and rates in foreign exchange such as Spot, Forward, Options, OTCs, Partial Payments, Swaps, Depots, Non-Delivered Forwards, Hedges
• A front end system that allows for rapid and accurate input
• Supports SWIFT MT5XX messages
• Tools to control open foreign currency positions and to handle risk
• Daily currency revaluations based on market rates and forward point quotations
Synergy Funds Transfer
Manage SWIFT payments and messages with an open batch booking interface
• Enter & generate SWIFT messages with validation and output
•Inbound and outbound messages are traceable
• Full user defined fee and charge system
• Batch input allows for hundreds of bookings in one entry to DDA, Nostro and GL accounts
• Fast entry assisted with templates for batches, payments & SWIFT messages
•Features an open XML based interface for inbound processing
of bookings, payments and messages from external systems
Synergy Loans & Deposits
Boost and retain back-office profitability on loans and deposits with an efficient, cost effective solution
• Manages term loans, discount loans and call loans
• Automatic repayment processing
• Provides functionality to take deposits and set multiple interest rates
• Interface and stored data sets allow for fast deal entry
• Allocate interest rate margins among multiple profit centers
• Comprehensive rollover capabilities
Synergy Trade Services
Real time data synchronization for dynamic business management
• Supports letters of credit, standby, guarantees, collections, transfers, back to back, and integrated exporter/importer financing
• Automation for every step of the trade finance process
• Automatic SWIFT MT7xx message generation
• Improved transaction and SLA monitoring
• Enhanced management monitoring and workflow control, including risk factors
• Allows for transaction capturing, validating, correspondence, accounting and payments
• Additional portal product that allows for white-labeling for client side entry and amendment
