Microbank software inc

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In banking, COLD also offers substantial economies. Within six to nine months, in most cases, a COLD system will pay for itself. And from the ecological standpoint, you're not killing all those trees, and you don't have to warehouse all this paper and film, saving on space, storage fees, and the operational management of physical media. The cost-savings side is only part of the COLD story, however. Even generic COLD systems provide significant advances over earlier archival systems in the areas of back-office research and customer service.

A Microbank study of the work processes of several large clearinghouses, for example, found that 60 percent of the time spent dealing with an exception was in researching the original documents. COLD automates the search process, saving valuable time and effort. This allows operators to focus an inquiry almost instantaneously on a specific transaction and all its particulars. All COLD systems interface with a variety of hosts and understand different report streams.

They then archive the data on removable media, prefetch selected data for storage in magnetic caches for quick retrieval, provide text search facilities, define a hierarchical security system ensuring user access to reports relevant to specific tasks and clearance, and have notes facilities so that users can replicate processes available with paper.

As part of the archival management piece, users need to know where and how to find data. A form of indexing is required, and the minimum information needed includes the name of a report, the date, and where it is stored.

Once the pattern is built to the user's satisfaction, it continues to live in the functionality of the system, and is available on demand to provide alternative views of existing reports on a daily basis.

This previously unavailable tool in the hands of users helps them to revise approaches to work tasks as needed to get their jobs done in the most efficient manner. To design a new report configuration in a mainframe environment, by contrast, involves costly and time-consuming reprogramming by highly trained technical personnel--and by the time the new capability is delivered, users often already have new requirements. Community Banking. Credit unions. Log In. Do you want to boost your business?

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