4 Primary Modules
4. Fund Transfers
Over $30 billion are moved each day by our clients using the GTreasury system. This is a testimony to the security, reliability, and capacity of our funds transfer system. Some of the key features of this module are:
- Flexibility/Customization. Through this single module, users can define their own internal instruments mapped to external networks in the US and overseas.
- Support Databases. GTreasury provides a look up capability to present any and all banks and branch offices in the world. Users can create their own Counterparties such as Brokers, Vendors, and Customers databases in order to reduce the amount of repetitive transfers and replace them with semi-repetitive models with a lookup for the counterparty.
- Work Flow/Status and Control. All funds transfers are queued from original entry to final completion, and can be retrieved depending of their status. Workflow is variable by the type of transfer.
- Audit Trails. In addition to standard Audit files, GTreasury includes a full audit with each individual funds transfer record. Date, time, operator ID, and their actions are permanently linked to each funds transfer record, showing a complete history of the transaction. Bank confirmation numbers, such as FED or SWIFT numbers are posted to the original record.
- Security. A number of security measures are included, such as multiple levels of approval, database encryption and electronic signatures, “trusted imports” of data from other authenticated systems, and communications with banks using their own security protocols and standards.
- Addenda Records. GTreasury supports unlimited addenda records, including the ability to present them in user-friendly format as well as the more complex, machine readable format. Formats are maintained for all the entities that require their use in the US. Addenda formats are also available for Regulatory Reporting to various foreign governments.
- Attach Documents. GTreasury provides for the attachment of any documents and images to a fund transfer record. Documents can reside either in the GTreasury system, or in a specialized client document database.
- Major Transaction Types. GTreasury supports all major transition types in the Funds Transfer Module:
Wire Transfers. All Transfer Types are supported: Repetitives, Semi-Repetitives, and Free-Form. Special edits and controls are available for the most common types, like FEDWIRE, SWIFT, CHIPS, and several other foreign wire types.
International Wires. Exchange Rates are entered manually or retrieved automatically from another system. Rates can be given an expiration period and multiple rates can be created for groups of users and for multiple transaction amount ranges. Equivalent amounts, commissions, and expenses are computed as needed.
Automated Clearing House (ACH). All standard entry classes are supported, including CCD, CCD+, PPD, CTX, CTP, and the new WEB. Tax Payments addenda templates are supported for all states currently offering the automated service. Unlimited addenda records, tied to the main data entry screens, can be created. Variable edits can be applied to the addenda records as well. GTreasury can produce and handle all NACHA files types, including Returns and Notifications of Changes.
Book Transfers. Are produced directly into any bank DDA, GL or other system, according to their own rules and formats.
EDI/EDIFACT. GTreasury fully supports EDI ‘820’ formats and EDIFACT ‘PAYWORD’. Confirmations can be retrieved using EDI ‘824’ and EDIFACT ‘FINSTA’ as well as other formats.
Checks/Drafts. Are produced and printed locally or they can be printed and mailed centrally. Both pre-printed stock and blank laser papers can be used.
