Oracle General Ledger provides highly automated enterprise accounting for banks. The fastest and most scalable general ledger on the market with all the tools to manage financial performance at any level, Oracle General Ledger can automate even the most customized information.
Oracle General Ledger automates the most time-consuming chores in financial management. From processing journal entries to keeping your software up to date, COCC has built in the most advanced automation, guaranteed to save you time and money.
Oracle General Ledger from COCC:
Guarantee data integrity with a single ledger to manage all financial information throughout your bank.
Oracle Payables improves margins, instills corporate and fiscal discipline, and optimizes business processes. Next generation technology offers unprecedented automation and instant updating of related information in Oracle General Ledger and Oracle Fixed Assets.
Working from a single, comprehensive source of financial information, Oracle Payables reduces error and duplication of effort while delivering the best in convenience and information access. Using ADI (Application Desktop Integrator) further increases convenience and automation.
Automate invoice processing with pay groups, invoice scheduling, and selection criteria for invoice generation. Oracle Financials from COCC simplifies invoice payments with payment priorities, pay groups and payment selection based on criteria established by the bank.
Advanced technology eliminates the lag between updates in Payables and updates in General Ledger. With Oracle Payables, generating an invoice automatically triggers an update to the Oracle General Ledger.
Oracle Payables is a major tool to enforce business rules that lower exposure to fraud, error and unauthorized payments. Automate the routing and approval of invoices according to the unique requirements of your business. Leverage joint controls with Oracle General Ledger.
Oracle Payables helps you manage any level of complexity, including future-dated payments, sales and use tax, withholding tax, and regional and local taxes. The system is truly accounting without limits for your growing organization.
Oracle Assets reduces the cost and improves the accuracy of fixed-asset transactions through automated asset management. Using a single source of financial information, Oracle Assets presents the full range of asset information while streamlining standard management tasks such as asset transfers, disposals, reclassifications, financial adjustments, and tax legacy data conversion.
Fully integrated with Oracle General Ledger and Oracle Payables, changes to Fixed Assets are automatically reflected throughout the bank’s financial system. Using ADI (Application Desktop Integrator) further increases convenience and automation.
Oracle Assets enables your bank to manage its assets in a single system that automates many transactions to reduce the costs associated with fixed-asset transactions while improving accuracy.
Use reliable and timely information to properly manage your enterprise’s fixed assets. Reports or perform ad-hoc inquiries for quick and easy access to asset details. Because Oracle Assets is an integrated solution, standard events such as adding or retiring fixed assets will trigger an update in Oracle General Ledger.
Oracle Assets provides real-time asset transfer functionality to simplify and streamline the complex task of tracking inventory ownership and location. Armed with asset information, you can make better decisions about managing your current assets while planning for the future.
Oracle Assets supports complex and diverse reporting requirements. Whatever depreciation method you choose, running it will update the Oracle General Ledger with no manual intervention required.
Our Profitability System is a cost-accounting solution that can help you understand and enhance the profitability of your accounts, account holders, products, officer portfolios and branches. This solution determines the profitability of your products based on your financials, giving you the right information to strengthen your profitability. Developed with the latest Microsoft® SQL Server and .NET development tools, our Profitability System interfaces with COCC’s next generation accounting and data management solutions.
Our profitability system shows you every aspect of your bank’s profitability profile. It uses general ledger, transaction and organizational unit detail to calculate profitability at every level.
Our profitability system offers an extensive library of analytical reports that illustrate performance and suggest ways to increase your income. For example, you can see net interest income, non-interest income, non-interest expense, provision for loan losses and break-even analysis at the service and product levels.
The Investment Accounting system integrates portfolio analytics and investment accounting to increase productivity, improve decision-making and enhance customer service.
The Investment Accounting system maintains all the information your bank needs to track your bank’s portfolio. The system handles a wide range of security types—including bonds, equities, mutual funds, certificates of deposit and floating-rate instruments—as well as more complex investment instruments such as collateralized mortgage obligations (CMOs).
The Investment Accounting system streamlines the accounting process for your bank’s portfolio through automated calculation of interest, amortization/accretion, yields and future cash flows. The system offers level-yield, straight-line or ratio amortization/accretion and six interest accrual methods.
Investment Accounting enables your bank to establish a full set of management controls.
COCC’s Asset/Liability Management system helps banks assess their current risk exposure and test strategies to improve performance. Advanced database functionality and analytical tools are used to evaluate every aspect of the bank’s balance sheet and to develop an appropriate balance between enhanced profits and acceptable risk.
This system works well with the Oracle General Ledger and other financial management tools to increase automation and focus banks on their potential risks in a variety of rate scenarios.
Convenient features in the COCC Asset/Liability Management system enable a bank to gain insight into its risk profile in record time. The system interfaces easily with other applications for quick and accurate updates.
As market conditions change, so can the COCC Asset/Liability Management system. With features like the ability to change growth and interest rate assumptions for all accounts from a single screen, this system is one of the most flexible around.