Finance > Main projects

The Financial Server implementation project at Banco Espirito Santo, S.A. consists in replacing the Argenta platform by implementing, adapting and setting parameters related to software, in addition to completing the required functionality with other modules not available in the source version.

The first phase of the project covered areas such as: AC accounts (Euro and foreign currencies), accounting, credit, loans (*), guarantees, leasing, risks, foreign commerce (banking, transfers, remittance, currency buying and selling, Swift), truncation, Automated Clearing House (ACH), services, taxes, liens, bill payment at teller window, wire transfers/international bank transfers, commercial portfolio, investment funds, factoring, confirming, Internet banking, etc.

During later stages, further developments were added to the initial version of the project, improving areas such as:

• Funds: development of a new fund trade solution of two management units, through a single interface and a functional range developed in two phases of the project
• Payment Methods: design of a new interface with RSI, which manages the outsourcing of BESSA cards. With features for loading accounting transactions and positions. New functionality for card recoveries.
• Securities interfaces: the original project with Infodesa was cancelled and a new project, developed with Indra, with and interface in Urquijo and Benito Mojardin, took its place.
• Guarantees: with the new Basel II standards development, we created a new application that offers a quick return, as it can minimize risks and offer capital savings, which improves the results of the institution.
• ASR: with the analysis and monitoring of risks (Basel) a financial application server (ASR 1, 2, 3 and 4) was established. Financial application server 1 and 2 can be found in BESSA, with Cajamar additions, as well as adaptations to the Basel Standard.
• NIC: in November 2006, the new accounting standard (stocks, accruals) was introduced.
• Laundering of Assets: one stage took 6 months to implement the integrated solution in the Financial Server
• Software levelling process: with Cajamar in order to maintain only one version.

(*) Loans: comprehensive, high parameterization, prior situation analysis. Complex products.