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Excenit Return Submission Solution (ORASS)
About Excenit Return Submission Solution (ORASS)
Excenit Return Submission Solution (ORASS) is a software platform from Excenit Limited that supports the submission of various return documents to regulatory bodies. It includes features such as automated tracking, customizable templates, and real-time compliance updates so users can ensure accuracy and timeliness in their submissions. The platform is designed to cater to the specific needs of organizations that deal with frequent regulatory requirements. Users benefit from an intuitive interface that simplifies the submission process, reducing the possibility of errors. Key capabilities: automated tracking customizable templates real-time compliance updates document management user-friendly interface Best for: organizations that need to manage and submit regulatory documents efficiently.
Excenit Return Submission Solution (ORASS) is a comprehensive software designed to streamline the process of submitting ORASS returns to the Bank of Ghana for financial institutions. The platform excels in automating data extraction, validation, formatting, and submission, significantly reducing manual effort and minimizing errors. Its Data Extraction, Loading, and Validation (DELV) engine supports major banking systems like T24 and Banker’s Realm, ensuring that all data is accurately mapped to BoG templates, validated against regulatory rules, and presented in a visually clear summary. This allows institutions to confidently prepare returns without the risk of non-compliance. The software also features a robust Analytics Engine, offering interactive dashboards and pivot tables that enable financial officers to review KPIs and other critical data efficiently. Coupled with its Workflow Management module, Excenit RSS ensures that all returns undergo proper review and approval before submission, while also providing notifications and tracking to maintain accountability. Security is a core strength, with permission-based access, change tracking, and forensic analysis to safeguard data integrity.
Pros & Cons
- +Automates data extraction and submission, significantly reducing manual effort and human error.
- +Validates data against BoG rules to ensure compliance before submission.
- +Provides interactive dashboards and pivot tables for clear analysis of returns and KPIs.
- +Workflow management ensures proper review and approval by authorized personnel.
- +Robust security features protect sensitive financial data and track all changes.
- −Initial setup and configuration could be time-consuming for large institutions.
- −Users may require training to fully utilize analytics and workflow features.
- −Limited flexibility for customizing reports beyond BoG templates.
- −Heavily reliant on accurate data extraction; errors in source systems can affect outcomes.
- −High dependency on IT support for troubleshooting technical issues.
Features
Key features
- Data Extraction, Loading and Validation (DELV) Engine
- Extracts data from core banking systems, validates against BoG rules, summarizes results, and provides screens for manual data capture.
- Analytics Engine
- Provides interactive dashboards and pivot tables for reviewing return data and KPIs.
- Workflow Management
- Ensures returns are reviewed, approved, tracked, and submitted to BoG only after validation.
- Security
- Grants permissions based on roles, tracks changes, and provides forensic analysis to ensure data integrity.
- Report Generation
- Populates, previews, validates, and generates returns for submission.
- API Management
- Manages communication with the BoG ORASS API, tracks pending returns, and sends notifications to stakeholders.
Additional features
- Data Extraction
- Extracts all required data securely from core banking applications.
- Data Validation
- Validates individual fields and record rules to meet BoG requirements.
- Data Mapping
- Maps extracted data to BoG report template fields accurately.
- Summary Reporting
- Presents actionable summaries of extracted and validated data.
- Manual Data Capture
- Provides screens for data not automatically extracted.
- Interactive Dashboards
- Allows financial officers to analyze data visually.
- Pivot Tables
- Enables review of KPIs and other metrics through customizable pivot tables.
- Approval Workflow
- Ensures returns are reviewed and approved by authorized personnel.
- Notification System
- Alerts agents about status of pending returns and approvals.
- Substitution of Officers
- Allows replacement of officers to prevent process bottlenecks.
- Access Control
- Restricts access to authorized personnel only.
- Change Tracking
- Monitors and logs all modifications to report data.
- Forensic Analysis
- Provides detailed analysis of reports when needed.
- Report Preview
- Lets users review data before generating final reports.
- Report Generation
- Generates validated returns ready for submission.
- API Integration
- Submits approved returns to BoG automatically.
- Status Tracking
- Monitors the status of pending and submitted returns.
- Stakeholder Notifications
- Sends updates about report availability and status.
Pricing
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About Excenit Return Submission Solution (ORASS)
Excenit Return Submission Solution (ORASS) is a software platform from Excenit Limited that supports the submission of various return documents to regulatory bodies. It includes features such as automated tracking, customizable templates, and real-time compliance updates so users can ensure accuracy and timeliness in their submissions. The platform is designed to cater to the specific needs of organizations that deal with frequent regulatory requirements. Users benefit from an intuitive interface that simplifies the submission process, reducing the possibility of errors. Key capabilities: automated tracking customizable templates real-time compliance updates document management user-friendly interface Best for: organizations that need to manage and submit regulatory documents efficiently.
Excenit Return Submission Solution (ORASS) Details
Excenit Return Submission Solution (ORASS)'s In-App Market Place
Does Excenit Return Submission Solution (ORASS) have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
1
Mini Apps
N/A
Pricing Options
Accepted Payment Currencies
GHS (₵)
Pros & Cons
- Automates data extraction and submission, significantly reducing manual effort and human error.
- Validates data against BoG rules to ensure compliance before submission.
- Provides interactive dashboards and pivot tables for clear analysis of returns and KPIs.
- Workflow management ensures proper review and approval by authorized personnel.
- Robust security features protect sensitive financial data and track all changes.
- Initial setup and configuration could be time-consuming for large institutions.
- Users may require training to fully utilize analytics and workflow features.
- Limited flexibility for customizing reports beyond BoG templates.
- Heavily reliant on accurate data extraction; errors in source systems can affect outcomes.
- High dependency on IT support for troubleshooting technical issues.
Excenit Return Submission Solution (ORASS)'s Support Options
Email Address
info@excenit.comContact
+233-30-2952798Excenit Return Submission Solution (ORASS)'s Alternatives
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