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In today's item processing environment, cost conscious managers continue to seek efficiencies in their operation and measurable cost saving alternatives that yield high quality and consistent productivity improvements. Every bank has established a procedure for "overall balancing". These methods range from the basic procedure of debits equal credits, to a series of manual calculations that require constant updating and changing as banking increases in complexity.

A decision to automate the settlement function is made for one or more of the following reasons:

  • To increase productivity
  • To improve accuracy
  • To lower the requirements for balancing personnel
  • To create an audit trail of daily activity
  • To gain access to critical totals in a timely manner
  • To meet changing reporting needs
  • To expedite general ledger posting
  • To have the flexibility to change
  • To provide a format for training consistency
  • To balance applications real time

CONIX Systems offers a proven methodology that has permitted many financial institutions to efficiently implement balancing procedures both in a single bank and in a multi-bank environment. The Control Machine (TCM) is considered by almost 100 users to be the single most essential tool for successful bank settlement.

By automating the input of data and the accumulation of totals, TCM provides an on-line spreadsheet approach to final settlement. The Control Machine does not take up any floor space, nor does it have any special electrical requirements. It is software developed by CONIX Systems for the IBM item processing departments which can be used on the 43xx, 93xx, and 30xx mainframe computers.

The Control Machine was designed to provide timely volumes and dollars of work processed through the check capture system. Not only will TCM provide running and end of day totals but also by shift or other specified category. Processing can be completed in a multiple cycle or Multi Day processing environment if desired.

TCM is fully integrated with IBM's Check Processing Control System (CPCS) and DOSCHECK. And NOW in its latest release will accommodate Non-MICR Input as well.

For more information on TCM, fill out the contact sheet below, then press the Submit button.

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Related Products: CIPS®, ORBS®, SuPRRB®

Related Solution: Settlement


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