iEnterprise product suite called “MYSTICS” provides end-to-end business functionalities to meet the most demanding business requirements. It is being used in sectors as diverse as manufacturing, logistics, telecommunications and finance including insurance.
- Financial (General Ledger, Accounts Payable, Accounts Receivable, Cashbook, Fixed Asset, Capitalization in Progress and GST)
- Distribution (Sales, Sales Rebate, Purchasing, Inventory)
- Manufacturing (Bill of Material, Routing, Shop Floor Control, Light Manufacturing, etc)
- Portals (Distributor, Transporter) – for Cement
- Integration to Plant Batching (Alkon) – for Concrete
- Barcode scanning apps
- Funds Management
Manage the allocation of funds for investments
- Fixed Deposits
Manage Fixed Deposits
- Money Market
Manage commercial papers (REPO, Fixed Income, Bonds, MGS, PDS, etc)
- Foreign Exchange
Tracks and manages foreign currencies, receipts and payment
- Corporate Finance
Tracks corporate borrowings (hire purchases, loans, etc)
- Guarantee Information System
To administer the loan guarantees accounts.
- CBGC / Billing Management
Handles the billing for guarantee fees and issuance of loan guarantees.
- Loans Monitoring Module
To monitor the health and performance of loan guarantees.
- Non Performing Loan Module & Provision
To track the non performing loan and the accounting provision.
- Claims Management Module
To process the claims lodged (workflow) by the financial institution for subrogated or non performing loans. Also does reversal of accounting provisions made earlier.
- Subrogation and Recovery Module
To monitor and mange the recovery of accounts which has defaulted and claim paid.
- Direct Lending Module
To subrogate (take over) a loan from the financial institution and administration of the subrogated loans.
- Contract Financing Module
To handle and manage the whole lifecycle of the Islamic Contract Financing account offered.
- Biz (Islamic) Financing Module
To handle and manage the whole lifecycle of the Islamic Financing account offered.
- CCRIS Reporting Module
Generates the CCRIS SDIS files from the Back Office System accounts for BNM.
- Members Module
Handles the on-boarding of new members. Setup of initial deposit accounts. Also handles termination of members. Consolidated view of all accounts (loans, deposits and collections). Handling of share certificates.
- Loans Module
Support for various types of loans including personal loans, surety loans (with guarantors) and Islamic loans. Support credit evaluation process through information of total exposure to the member. Takes into account current and projected balances (pending billing records). Various type of interest calculation options.
- Deposit Module
Support for various types of deposit accounts including subscription accounts, dividend accounts, SBK accounts, Share accounts.
- Collection Module
This module is to allow cooperatives to collect monies on behalf of 3rd parties or related companies. Manages the setting up of these collection accounts and the commissions for collecting on behalf of these 3rd parties.
- Billings Module
Creates billing files for all members to be sent to the members employer (usually a large corporate such as Tenaga National). Support for multiple billing groups (e.g. different files for executives and non-executives). Handling of updates to the various account types once the billing files are received back from the employer. Full or part deductions are supported.
– Integrated to MYSTICS financial.
– Members Portal to allow members to check on status.