Transaction-Level General Ledger of a Bank in East China
Project Background
A bank in East China possesses total assets exceeding 3 trillion yuan.
Solution
Develop an independent Transaction-Level General Ledger system to assume functions such as general ledger management, reporting, reconciliation, and year-end settlement from the core system, achieving a "lean core" goal. Additionally, establish a multi-dimensional statistical analysis system based on transaction-level data, enabling management to view operational results from various perspectives (such as products, business lines, customers, and account managers) beyond just account categories.
Standardize the bank's product system to lay the data foundation for building a unified management accounting platform across the entire organization. The transaction-level general ledger offers the finest data granularity, providing the foundational data required for subsequent management accounting applications.
The Transaction-Level General Ledger also provides a unified accounting engine based on a “product plus service” model, enabling the bank to achieve unified accounting across the entire organization and meet the goal of “separating business from accounting.” However, according to Bank of Jiangsu’s IT planning, the accounting engine was not utilized in this project.
Project Value
Significant reduction in core system batch processing time, enhanced stability of operations.
Rapid access and provides the finest granularity of transaction-level data to meet statistical analysis needs.
Establish a unified reconciliation system across the entire bank, automatically completes account reconciliation and error detection, reducing the workload for business personnel.
Achieved multi-dimensional data statistics and analysis functions, delivers foundational data for the management accounting platform.
