| Innovation Associates Solutions
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In the 21st century, business success demands that innovations in technological solutions merge, mesh and fuse with organisational infrastructures, systems and needs to produce collaborative partnerships. The benchmark for successful collaboration is as it always has been – innovation.
Innovation comes naturally to the iA group. As a leading technology solutions provider, we emphasise on specialised solutions to meet specific market needs and business initiatives. As such, our solutions are more than effective business tools, they are valuable intelligence applications to maximise optimal portfolio performance.
To ensure reliability and seamless accessibility, we work with best-in-breed software/application providers such as SAP Netweaver, Microsoft.Net, Oracle, Java and Open Source technologies. |
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| Our solutions |
| SAP Islamic Banking Solution |
Responding to the increasing global demand for Syariah compliant Islamic banking practices, the iA group, together with SAP AG has developed a unique highly effective, accurate, scalable and speedily efficient Islamic Banking Solution which adheres to strict Islamic banking requirements.
Click here for more information. |
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| SAP Islamic Banking solution (IBS) |
With increasing global demand for Syariah compliant Islamic banking practices, there is a great need for an Islamic banking solution that is robust. Scalable. Accurate. Flexible. Fast. And complete.
Enter the iA Group’s Islamic Banking Solution (IBS). Complete and thorough Syariah compliant features are directly programmed into the source code of SAP for Banking. This maintains best practices while complying with strict Syariah principles.
The result? IBS delivers enhanced Islamic banking applications in one integrated solution for all your end-to-end needs. |
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IBS. A complete end-to-end Islamic banking solution
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The main features of the IBS include: |
| Islamic financing management system |
The Islamic deposit management system comes with three key tools directly coded into the application: product configurator, profit distributor and document templates. |
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- seamless integration of Islamic product features
- predefined financial product templates for easier processing
- flexibility for individual customised requirements
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The Islamic Product Configurator ensures efficient transactions and frees quicker time to market.
It allows users to freely define and configure new products without modifying system code, saving time and ensuring accuracy.
Highly flexible and fully integrated with SAP’s built-in configurator, this tool ensures the inheritance of standard master data, thus accelerating the speed of new product rollouts.
In addition, IBS comes with a wide variety of predefined templates for Islamic deposit products such as Wa’diah Savings Account and Mudharabah General Investment Account. |
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Profit Distributor |
At the touch of a button, users can calculate hibah or profit automatically without having to change the system code.
The Profit Distributor also differentiates between all channels of income, whether they are fee or fund based. As such, banks can accurately identify percentages allocated for different streams.
At present, conventional banks usually calculate hibah manually as this profit calculation is different from standard mode. Manual calculation is cumbersome. It consumes time and creates margins for error.
The IBS Profit Distributor is seamless, automatic, accurate and swift. |
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Documentation Templates |
The IBS comes with a complete suite of Islamic correspondence with the relevant Islamic terminology and dates. These templates, including letters and notices are directly integrated into the system. Also standard are binding contracts, agreements and account statements demarcating hibah payments and profit sharing ratios.
Indeed, every tool needed for documentation is already there and it is yours to use, at the touch of a button. |
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| Islamic financing management system |
Syariah banking principles strictly forbid charging interest. Based on a fixed selling price, Syariah financing defines the quantum of Ta’wid and Ibra’ required within each contract and account.
This is a major concern for conventional banking systems which are not usually able to handle calculations for Islamic financing and often resort to manual calculations.
The iA Group’s IBS provides an efficient solution within its suite of products. From managing, tracking and registering assets and collaterals for all product type, to division of charges of fixed collaterals in a rental agreement, the IBS delivers, automatically and accurately.
The key tools of the IBS Islamic financial management system are product configurator, Islamic financing calculator and Islamic correspondence. |
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- seamless integration of Islamic product features
- predefined financial product templates for easier processing
- flexibility for individual customised requirements
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The Islamic Product Configurator ensures efficient transactions and frees quicker time to market.
It allows users to freely define and configure new products without modifying system code, saving time and ensuring accuracy.
Highly flexible and fully integrated with SAP’s built-in configurator, this tool ensures the inheritance of standard master data, thus accelerating the speed of new product rollouts.
In addition, IBS comes with a wide variety of predefined templates for Islamic deposit products such as Wa’diah Savings Account and Mudharabah General Investment Account. |
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Islamic financing calculator |
- calculates rebates
- calculates reducing balances of outstanding amounts
- calculates fixed selling price for administration of tenure
- incorporates quick configuration of products for individual customers
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Islamic correspondence |
- complete suite of Islamic correspondence
- documentation templates - letters and notices to customers; binding contracts and agreements; Islamic account statements
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| Your benefits |
| ► efficient transactions |
►frees time to market |
| ► accurate |
► flexible and integrated |
| ► speedy |
► automatic |
| ► predefined templates, e.g. Wa’diah and Mudharabah |
| ► automatic calculation of hibah |
| ► differentiates for percentage allocation |
| ► complete set of Islamic correspondence |
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| The iA group leverage |
- The iA group’s IBS is a leader in its class, seamlessly matching Islamic banking needs efficiently and accurately. We deliver on our product’s flexibility, accuracy and efficient integrated features.
- Backed by the global resources and expertise of the iA group, the IBS assures comprehensive sales and after sales services across the world.
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| SAP Banking – complementary applications |
Complement existing SAP for banking applications, the iA group has developed banking applications to enhance usage agility and connectivity. These applications support functions such as Loans/Financing Origination System, Remittance/Payment Systems and Financial Planning Systems. |
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| PMO solution for real-time visibility |
More and more businesses find that they need definitive across the board software help to get real-time visibility to monitor large scale programmes made up of inter-related projects. |
“PMO is a strategic solution that creates easy real-time visibility into all aspects of a programme, whatever its size, delivering control, choice and flexibility.” |
With information, needs and resources widely spread out across the board, challenges become critical as organisations need to keep on top of project status, identify bottle-necks and potential problems as well as proactively manage the programme efficiently.
An increasing number of organisations are turning to an iAS-developed tool, Programme Management Office (PMO) to track, coordinate, monitor, assess and take control of their programmes. The iA group’s PMO creates an inter and intra connectivity between projects within large-scale programmes, providing managers with optimum access and opportunity to maximise effective management.
PMO is built on the Microsoft.Net platform, leveraging on its easy availability and access enabling seamless integration of platform and technology. |
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| The PMO scope |
- scope management
- baseline change management
- resources and cost management
- individual projects and overall programme reviews
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| The PMO leverage |
- track real-time progress of individual projects within the larger programme
- obtain global eye-view of the entire programme
- assess issues, risks and manage control
- manage interrelated resource allocations
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| Knowledge Management |
We have developed a Knowledge Management application on the Open Source platform that efficiently facilitates capturing, classification, sorting and retrieval of documents. |
