One fits all

The current account and deposit business takes into account all conceivable, individually configurable product variants, such as current account, savings account, time deposit, call money, savings bond, etc. Flexible, parameter-controlled product management is part of EFDIS.CIFRA's standard scope of services.

The multi-layered functions range from credit middle office to back office accounting. In addition to parameter-controlled product diversity in the lending business, EFDIS.CIFRA offers fully integrated collateral management as well as accounts receivable accounting and automated dunning. Furthermore, EFDIS.CIFRA contains an individually configurable scoring module. Various workflows are available, including for application management and the creation of credit decisions.

Almost all common fee models can be mapped in the system - also via parameterization. Item charges and postage are defined once in different levels and - triggered by the respective business transaction - calculated automatically. Conditional charges can be defined depending on minimum and average balances.

EFDIS.CIFRA's financial accounting ensures end-to-end real-time processing on the general ledger and customer side, the balance sheet and the income statement. Our customers can simplify their accounting with EFDIS.CIFRA by flexibly storing posting types and using posting templates for standard transactions. In addition to individual and collective postings, split postings can also be processed. All booking and transfer processes, cancellations and returns are carried out in real time. This eliminates the need for time-critical end-of-day processing. Customers or consultants have an up-to-date online view of the accounts at all times, while the accounting department can freely determine the posting cut-off for balance sheet preparation. Multiple query options provide a comprehensive overview at all times. EFDIS.CIFRA can map the HGB balance sheet as well as the IFRS balance sheet within one system - and in any currency. This is additionally supported by fully integrated currency accounting.

EFDIS.CIFRA provides integrated cost type and cost center accounting. During dialog posting, the user is supported by parameterized default values and can access a wide range of evaluations.

With fully integrated asset accounting, our clients flexibly and reliably provide accounting in terms of managing and monitoring property, plant and equipment as well as inventory and consumption recording. The function efficiently supports budget and investment planning, year-end closing and inventory work and maps the common depreciation procedures according to HGB and IFRS. The automated creation of the asset grid is included as well as automated reconciliation processes for asset and depreciation accounts. Future depreciation can be simulated for any number of years. Reports and evaluations can be individually designed and archived in the electronic file.

Payment transactions are an integral part of real-time financial accounting in EFDIS.CIFRA. The data exchange can be initiated at any time independently of the posting cut-off and is independent of third-party systems and additional modules. In domestic payment transactions, EFDIS.CIFRA supports all common routing methods via automated allocation. The payment transaction function enables electronic mass payment transactions via EMZ and SEPA as well as transactions via TARGET2. Foreign payment traffic is also covered in EFDIS.CIFRA by means of a fully integrated function and with the required SWIFT formats.

The final withholding tax is fully mapped in EFDIS.CIFRA, including tax optimization. Our clients can choose whether the tax consolidation is managed in EFDIS.CIFRA or in the securities system. There are interfaces to the leading service providers in the securities area for the final withholding tax. EFDIS.CIFRA always supports tax reporting in line with current legal requirements.