ORCHID

Cambridge Solutions offers a state of the art core banking solution, ‘Orchid’.

Built for co-operative banks, credit unions / savings and loan associations, building societies, the solution is highly flexible, scalable, and easy to use and can be implemented and rolled out in a short span of time. Orchid is an end to end banking solution for cooperative banks that is member based and provides a single view of consolidated customer information at any given point in time. The system is highly parameterized and allow for easy launch of new deposit and loan products.

Features of Orchid

Customer Information:

• Customer Management
• Caution List

Deposit Module

• Offers complete range of deposit products
• New products can be easily launched as the system is fully parameterized
• Flexibility to apply special rates
• Handles maturing of time deposits
• Easy-to-use rollover functions providing new maturity and rates
• Savings and Current Account

Loans Module

• Supports creation of different types of loans
• Integration of customer information file and accounts
• Integrated with collateral register and payment module
• Provides instant access to loan information
• Facilitates printing of reminder letters for installment payment
• Inbuilt tools for EMI calculation, Payment rescheduling, Calculation of excess interest

Investment Module

• Facilitates buying and selling of investment securities
• Placement of surplus funds
• Facility to manage various investment securities

TeleBanking

• Balance enquiry
• Statement enquiry
• Change PIN Number
• Fund Transfer to accounts within same bank

Customer Information Module (CIF)

• Complete integration of Customer Information to provide a single view
• Customer information is available across all modules
• Captures customer signatures and photographs
• Automatic generation of customer statement

General Ledger

• Supports all transactions and generates all standard financial reports and statements
• Maintains complete books of accounts
• Automatic posting of all entries from the trasaction file
• Generates all statement of accounts periodically
• Automated end-of-day and end-of-month processing

Key Business Drivers

• Fast Time to Market
• Increased Operational Efficiency and Productivity
• Excellent ROI
• Customer Service and Security