Securing deposits at the lowest possible cost to fund lending products is what drives the term deposit business. The concept is simple, but there are a number of challenges. You need access to retail or broker-originated deposits in order to raise billions. Our term deposit software has been doing this for decades. It's proven, it's reliable, and it doesn't require a lot of administrative overhead.
It's true. Some of our customers manage over a billion dollars in term deposits with less than one full-time employee. How do they do it? They’re using our term deposit software along with proven interfaces to CANNEX and GICSERV.
Manage more with less
Be associated with a vendor that saw every one of its customers who wanted to qualify for early rewards from the Canada's national deposit insurer do so because we delivered their regulatory updates on time.
Put compliance first
When you become a Portfolio+ customer, you will be doing business with a leader in the deposits industry in Canada, the country often referred to as having the strongest banking industry in the world.
Show me the way
The underlying architecture of the Portfolio+ Term Deposit software lets you customize your term deposit offerings. And with these additional options, you can provide your customers with tailored term deposits that suit their needs.
Offer insurance products like Guaranteed Income Options (GIOs) and annuities by combining Portfolio+ Term Deposit and Investment solutions. Portfolio+ has been used in one of Canada’s top insurance companies for over 10 years, managing billions of dollars in assets.
Get a tailor solution
If you use an agent network to sell your term deposits, or acquire an existing term deposit portfolio, you can use the automated entry method to bulk load your term deposits into Portfolio+. This allows for an unlimited number of deposits to be entered in one or more loads. Once the batch is validated, the entries are then accepted and activated as term deposits within Portfolio+.
Portfolio+ provides a complete workflow for selling and processing term deposits. This includes receipts, certificates, interest cheques, commission processing, principal cheques, electronic payment processing, and general correspondence.
Streamline my process
With the Portfolio Plus Retail Banking module, transfers can be made to and from retail accounts for term deposit purchases, interest payments, and redemptions. The Term Deposit module also supports PAC and PAD interfaces for Pre-Authorized Credit and Pre-Authorized Debit transactions with other financial institutions.
Using the Portfolio Plus Investment Management module you have the ability to manage term deposits as part of a registered plan (RRIF, RRSP, RIF), or non-registered investment plan. The appropriate transactions for initial investment, payments of interest, and principal are maintained within this investment plan.
Real Time Accounting
The Term Deposit module of Portfolio Plus creates journal entries, in real time, to the accounts you have specified in the term deposit product set up information. You can choose exactly when these entries are posted to the general ledger and run trial balances as required. All activity associated with the Term Deposit module is audited.
Legacy and XMLs
In some cases, you don't have the luxury of installing a 100% Portfolio Plus solution. In this case you can choose to integrate with your legacy systems using the Universal Gateway, another important component in the Plug-In BankingTM architecture. Using technologies like XML and advanced messaging JMS middleware, Portfolio Plus can be integrated with legacy systems on a high performance messaging backbone.
Administrator Control Levels
Restrict Access Controls
The Term Deposit module contains a complete set of functions for processing payments for interest and principal. You have the option of processing payments as pre-authorized payments to an account of the customer's choice or by cheque. Cheques can be issued one at a time, or in a batch format.
Before you actually process payments, you can review them in the form of proposals. This is an opportunity for you to catch any irregularities before a payment is created.
CIF Query Options
Questions? We have answers.
This page was created or refreshed on November 28, 2019 @ 15:32:22
by Strategic Information Technology (SIT) Ltd., Stouffville, Ontario, Canada
You're here to learn about: Term Deposit Administration Software and GIC Software