Branch users can initiate transactions allowed at their respective branches to be authorized by the appropriate user. Some operations include booking shares to be purchased, generating share purchase certificates, generating dividend warrants, etc.
The system would be customized to generate all required reports in the stated formats. These reports could be printed, converted to PDF for electronic communication, or exported to a CSV file for consideration. These would assist the bank to analyze share-related transactions in less time than before.
To keep shareholders abreast of their status with the bank, the system allows automatic and manual alerts through SMS and/or emails. A shareholder is alerted automatically with sms stating the current share percentage after purchasing shares, after withdrawing dividends, after transferring shares successfully, etc. System users can announce shareholders’ status manually at any point in time. This can initiate a cycle of share purchase even among already existing shareholders who usually want to maintain certain percentages of shares with the bank.
Shareholders' statement of accounts
The branch users can initiate transactions that are allowed at their respective branches to be authorized by appropriate user. Some of the operations are; booking of shares to be purchased, generating share purchase certificates, generating dividend warrants, etc.
Multi-certificate and warrant printing
Within the networked environment, shareholders can get their share purchase certificates within the same day of purchase. Users can print multiple share purchase certificates for different shareholders together according to their selection choice. The same applies to dividend warrants for clearing dividends. These would all be in the exact format prescribed by the bank.
Automatic dividend allocations
Declaring dividends is easier in this system than ever. Shareholders are automatically allocated their dividends according to their shareholding percentage with the bank. Tax percentages are stated and used to calculate the dividend payable for every shareholder. System users are allowed to verify the correctness of the allocations before confirming the dividend declaration. If found to be different from expected, dividends declared could be nullified without affecting any shareholder account or sending alerts to shareholders.
Easy shares transfers and automatic share purchase
Shares can easily be transferred from one shareholder to another without trouble. All parties involved are alerted to avoid subsequent doubts and disputes. Also, the system serves shareholders who apply to repurchase shares with all dividends. Shares are purchased on behalf of these shareholders automatically after confirming dividend payouts, and they are respectively alerted via SMS and email.
Expert Business IT Solutions (EBITS) specializes in developing enterprise software for all kinds of businesses & individuals.
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