Financial Products - Cobiscorp

COBIS General Purpose Products are a set of solutions that allow for efficient and effective financial institution administration.

The solutions include:

  • COBIS Administration and Security
  • COBIS Clients
  • COBIS Accounting
  • COBIS Reports
  • COBIS Signatures
  • COBIS Financial Product Administrator
  • COBIS Maker and Checker
  • COBIS Business Rule Management System

COBIS Administration and Security


COBIS Administration and Security centrally configures:

  • Roles, which determine what information and system tools can be accessed
  • Addition and removal of users, as well as assignment to specific departments and roles
  • Schedules, ensuring that officials only have access during their working hours
  • Password management, including configuration of password complexity

COBIS Clients


COBIS Clients captures, stores, updates and manages customer information.

Key features include:

  • Easy creation of client profiles
  • Unique client platform
  • Management of individuals, companies and corporate groups
  • Option for quick profile creation
  • Control of outdated information
  • Audit, verification and analysis of customer information changes
  • Automatic control of risk references such as blacklists

COBIS Accounting


COBIS Accounting automatically keeps track of accounting records for all operations, and generates financial statements quickly and accurately.

Key features include:

  • Automatic and multicurrency accounting
  • Multicompany accounting
  • Parameterization of the different areas including agencies, branches, cost centers, and departments
  • Management of open, closed, and current accounting periods
  • Generation of financial statements, balance sheets, reports for government agencies, and reports for internal control
  • Monthly budget control

COBIS Reports


COBIS Reports automates the generation of financial, statistical, and operational reports for internal use and regulators. The reports allow for detailed performance and management analysis and make it possible to effectively manage the institution by having information readily available from a centralized database.

Key features include:

  • Processes information from diverse sources and centrally organizes it for easy report viewing, while maintaining data integrity
  • Generates reports that can be sent electronically or shared on web portals
  • Generation of operative reports, which support daily administration of the institution
  • Management report generation with historical charts and graphs for effective decision making
  • Regulatory reports with predefined formats according to needs of regulatory agencies
  • Provides standard file formats to generate and export to Excel, PDF, HTML, Word, and TIFF
  • Tracks report generation

COBIS Signatures


COBIS Signatures simplifies digitalization of customer signatures and company seals. The financial institution records signatures by means of a scanner.

Key features include:

  • Integrated with COBIS security for access control
  • Management of signatures and their relation to specific products
  • Configuration of complex requirements of signatures with several conditions. For example:
    • Transactions between $0 and $10,000, between January 1 and June 23 will require signature A or B
    • Transactions between $10,001 and $100,000 between January 1st and December 31st will require signatures A, B, and C
  • The number of signatures and stamps that can be registered per customer is virtually infinite
  • Validation and approval of images and conditions
  • Maintains a historical register of images

COBIS Financial Product Administrator


COBIS Financial Product Administrator is used to easily create new products and enhance the functionality of existing ones.

Key features and benefits include:

  • Centralized system to create and modify all product types
  • Adaptable to rapid market and regulatory changes
  • Simple to operate, allowing for quick product creation/modification
  • Personalizes and segments parameters through BRMS (business rule management system)
  • Management of historical data and tracking of changes
  • Integration with established processes

COBIS Maker and Checker


COBIS Maker and Checker is a dual control feature designed to mitigate risks and prevent errors on high risk activities such as customer data changes and large monetary transactions.

Key features include:

  • Defines authorization processes for high risk transactions, identifying the initiator (maker) and the approver (checker)
  • Manages Maker and Checker activities through inbox tasks
  • Provides functionality that allows visual before and after comparisons of transactions

COBIS Business Rule Management System

COBIS includes a BRMS (Business Rule Management System) component, which allows creation and interpretation of rules and policies related to automated business processes (workflow).

Key features include:

  • Graphic construction of decision matrix
  • Natural integration with COBIS Workflow
  • Simulations with variable results
  • Control of validity periods
  • Information importable from Excel files
  • Provides version control