The Account Management & Workflow System (AMWS) is a Browser Based application system aiming at automating Complex and Critical Workflows within the Financial Sector. Currently the following Processes / Workflows are supported under AMWS:
- Impairment Calculation(Individual & Collective) under IFRS 9
- Calculation of Probability of Default (PD)
- Calculation of Cure Rates
- Calculation of Loss Given Default (LGD)
- Use of Macroeconomic Data to enable Point in Time as well as Projections of the variables as required
- 12 Month and Lifetime Expected Credit Losses (ECL) under three scenarios (Benchmark, Optimistic, Pessimistic)
- Arrears Management
- Monitors the Arrears of each Credit Facility and applies specific workflows so as to aid in the timely identification and mitigation of Arrears to prevent Facilities becoming Non-Performing.
- Restructuring Facilities Management
- Allows for the automation of the entire workflow related to the Restructuring Process from initiation (Bank / Client), Terms Negotiation to the final terms agreed. Also, provides for Appeals and Complain Management.
- NPL & Forborne Facilities Classification Engine
- Monitors the Entry and Exit Criteria as set forth by the Financial Institution in response to the Recommendations of the European Banking Authority for establishing when a Credit Facility may be considered
- Performing / Non-Performing;
- Forborne / Non-Forborne;
- Also including all relevant details, audit trail as well as Entry and Exit Dates.