EBA - Equation Branch Automation system - Something Extra

Equation Branch Automation is designed to support customer-facing staff (for example: Cashier) within a retail branch banking environment. 

The Equation Branch Automation system is very tightly integrated with the Equation core banking server and provides ready-to-run functionality to support cashiers, personal bankers and relationship managers.

The Equation Branch Automation system is a comprehensive multi-language and multi-currency platform to support operations at branch level. 

It is a PC-based client/server system, with an open architecture based on Microsoft’s NT. The system provides an integrated desktop environment for all customer-facing staff.

Workstations can be configured with the Cashier System application which provides a full range of teller functions, with the Relationship Manager application which is intended for personal bankers, loan officers and sales staff, and can access the bank’s own intranet.

Equation Branch Automation is built with the application of DBMS Microsoft SQL Server based on the distributed structure of the bank’s division’s data base and on-line synchronization with the central server.

The mechanisms of the client’s session depicting the information about the client's products and all available transaction are implemented in Equation Branch Automation. 

Equation Branch Automation system includes the following functional modules:

• Cash Transactions - Debit/ Credit of amounts. A transaction that involves the immediate exchange of cash for an asset.
• Cash vault - Cash that a bank keeps in its vault for daily transactions, such as check cashing or cash withdrawals. It is considered part of a bank's reserve obligation to the Federal Reserve Bank.
• Collection - The conversion of accounts receivable into cash.
• Accounting of Western Union and Visa Travel Money transactions - Processing of Western Union or other related Transactions.
• Accounting of individual depositary transactions – Deposit of Amount in One’s Personal Account.
• Community Charges/ Bill Payments – Posting of charges/fees and collection of Utility Bills.
• Intra-banking transfers. Intra-bank fund transfer
• Automated initial input of the payment orders. – Creating the Pay Orders
• Salary projects – Posting of Salary to Employees. 
• Processing of the banking cards requests – Such as ATM Card, Debit Cards
• Currency exchange transactions
• Non-cash conversion – Such as depreciation or write-offs
• Purchase and sale of the memorable coins and small bars 
• Cash reporting – The Daily Cash Reporting is used to assist in the preparation of the Daily Cash Report at Day End.