Overview

AccountControl® — Advanced automation of account administration.

Not only is risk management an essential aspect of prudent business administration, the leveraging of client relations is also fundamental to the success of any organization. These factors have never been more important and, in fact, represent the essence of AccountControl.

Strong competition, downward pricing pressure, and unparalleled financing creativity demand enhanced automation in ongoing account administration. AccountControl automates many of the tasks associated with account management, affording administrators the time to focus on maximizing their client relationships.

AccountControl is an information and risk management system widely used by corporate trust administrators in banks across the country.

Trustees must ensure that they have accurate records reflecting the various activities performed on behalf of their customers. If a critical task is missed, the exposure to the bank can be great. To minimize these risks, banks use AccountControl to monitor their compliance with the covenants contained in securities agreements.

AccountControl houses all of the trustee's responsibilities and helps to standardize the way the bank handles ticklers, such as deadlines on UCC continuations and insurance policy renewals. The system allows the bank to assign these ticklers to specific individuals and run status and key management reports, and risk-rate the items that are outstanding. With the interaction afforded by AccountControl, the trustee can leave a tickler open until all the compliance information is received

AccountControl's 4GL application integrates the point-and-click simplicity of Microsoft Windows with the power of an SQL relational database.

Vendor Site:- Sungard