ABACUS

Core Banking Software

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This automated balancing system streamlines the reconciliation process for financial institutions such as credit unions by electronically reading general ledger and core system reports, thereby reducing manual data entry errors and saving time. Its primary features include real-time balance verification accessible from multiple devices, secure storage of seven years of balancing history, extensive anomaly detection, and centralized report management, which collectively improve accuracy, efficiency, and regulatory compliance. Designed specifically for credit unions and similar financial organizations, it addresses issues such as manual reconciliation delays, data inaccuracies, and fragmented record keeping, enabling users to quickly identify discrepancies, improve operational confidence, and make more better strategic decisions.

ABACUS can be found in Core Banking Software categories.

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Details

ABACUS Main Features

• Mobile Access
  You can check balances and reports from a computer, iPad, or mobile device.
• Fast Balancing
  It can balance the General Ledger and Core systems in minutes instead of hours.
• History Archive
  All balancing sessions are stored safely for 7 years, with quick access to past reports.
• Anomaly Detection
  ABACUS quickly finds issues if accounts are not balanced.
• Unlimited Support
  Support is included to help you anytime you need it.
• Automated Data Entry
  ABACUS reads reports electronically to prevent manual data entry mistakes.
• Central Report Storage
  All reports are kept in one place, so you don't need multiple systems or folders.
• Secure and Hosted on AWS
  The system is hosted securely on AWS, protecting your data.
• Support for Core Systems
  It can connect with any Core Processor used by credit unions.
• Purpose-built for Credit Unions
  The software is made specifically for credit unions, with no need for changes or compromises.
• Support for General Ledger Systems
  ABACUS works with different General Ledger systems to help with balancing.

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