InfoWARE Limited/Solutaris LLC providers of an integrated suite of brokerage, banking and asset management software solutions announced the completion of the implementation of InfoWARE Financials, Stock Brokerage, Commercial Loans & Leases and Investment banking modules forCapital Bancorp Limited. Capital Bancorp selected InfoWARE to replace its entire back office operations with one centralized system. InfoWARE/Solutaris solution provides Capital Bancorp with front to back office core brokerage operations, automation and supports it’s entire lending and Leases operations as well as support it’s financials covering all GL activities to various balance sheets and Trial Balance models and their P&L all within a highly secure and flexible access system.
Capital Bancorp opted for InfoWARE over national and international competitor solutions on the strength of InfoWARE’s solid and integrated product suite, highly configurable and highly scalable solution backed by unqualified support with offices close by in the heart of Victoria Island. Capital Bancorp used InfoWARE to replace several disparate systems including their old Financials, Brokerage, Loans and Leases application with a single unified and highly integrated InfoWARE solution. InfoWARE solution will streamline Capital
Bancorp’s processes and improve efficiency, while significantly reducing its total cost of ownership.
Capital Bancorp also implemented the EBusiness (online banking) module which combined with InfoWARE’s unique real-time sync facility allows Capital Bancorp clients to view account information online real time mode even though Capital Bancorp deployment is on premise. The EBusiness/online banking module presents Capital Bancorp clients a full service dashboard on first logging in and they can view and print their customer statements, view their stock positions, place trade orders view/print contracts notes and more online.
InfoWARE is a functionally rich, scalable, and proven integrated brokerage and investment banking system. It can be delivered as a pre-configured brokerage or investment banking model solution that incorporates industry best-practice, enabling fast and predictable implementations and immediate, measurable benefits. InfoWARE’s V9’s Model approach allows a fast ROI and a highly flexible and responsive approach to banking ensuring maximum business agility based on InfoWARE’s flexible features. InfoWARE Global Investment V9 solution offers integrated and comprehensive information on the company financials and operations at all times including a single customer view, and a single view of the enterprise including risk and profitability.
InfoWARE V9 incorporates modern technology using Microsoft’s .NET and SQL Server including a comprehensive Service Orientated Architecture (SOA), fully enabled for standards based interoperability scenarios and web services. InfoWARE solutions can be deployed as a cloud service freeing enterprises from the hassles of huge IT infrastructure investments or on premise. InfoWARE V9 is a fully scalable, multi-server n-tier architecture. It provides a full front-to-back solution from electronic delivery channels such as mobile devices and internet banking right through to settlement, general ledger and other back office functions all in a fully integrated, reliable and cost effective environment. InfoWARE and Solutaris total commitment to delivering cutting edge technology solutions enables its customers to benefit from the latest advances in technology ensuring business agility, continuity, data integrity and reduced downtime delivering a significant, immediate and ongoing return on investment. Combined with the delivery of the solution as a cloud service, InfoWARE V9 allows small and large enterprises to start their operations with orders of magnitude, smaller capital outlays and scale up as their business grows with no loss in service or functionality.
- Replaced 3 separate systems (Financials, Brokerage operations, Commercial Lending and Leases with a single InfoWARE solution
- Integration problems and high costs resulting from use multiple systems completely eliminated
- More than 30% reduction in manpower requirement from elimination of duplication functions across the previous systems
- Data input error rate reduction of over 50% – From elimination of redundancies of multiple data input and from InfoWARE’s comprehensive data integrity checks
- Unified management views across all departments and branches (P&L and Balance sheet and more available at the click of a button either at the branch level or consolidated)