Our solution to help banks automate report submission is based on RBI’s guidelines and can be customised to suit local regulatory guidelines. The software’s design is compatible for submission through STP mechanism. The key features of this service are:
Ready-to-use solution with more than 200 in-built reporting templates and single data repository to generate regulatory returns
Integrated with ETL tool to support data extraction
Can generate output in desired format such as PDF
Easily extendable to cover internal MIS reporting requirements
Dashboard, schedulers, report calendars present
Inter-period report comparison and archival
Enhances access security features
The critical steps for implementation
IRS requires data elements for regulatory returns to be captured in single data repository
Some of the elements may not be available in a bank’s source system, a gap the bank will have to fill eventually
In the interim, manual data feed for data elements missing from source systems needs to be arranged
IRS has enough flexibility to accommodate manual/excel data feeds
