BEST CORE BANKING SYSTEM
BEST (acronym of Banking Efficiency Software Tool) is an innovative solution for asset managers and private, commercial and universal banks who decide to improve their business responsiveness, through comprehensive and efficient functionalities and long-term profitability.
Thanks to its flexibility and modularity, BEST is a highly customisable product, easily adaptable to the continuous evolution of the regulatory environment as well as to the new and increasing demands of the financial market.
Through the combination of cutting edge technology and innovative business concepts, BEST is able to guarantee the maximum security of data on the Internet, thus enabling banks to implement Web-based services and products. This architectural design also allows users to operate in international contexts through a centralised data processing centre, saving investments in additional hardware infrastructures and fully satisfying the needs of the new age of globalisation.
The evolution of BEST follows a holistic approach in close cooperation with clients and high-level research centres worldwide.
BEST is a complete banking suite covering all functionalities from back to middle and front office, data warehouse included, guaranteeing long-term profitability.
Multi-company & multi-branch
BEST allows managing simultaneously and automatically operativity and consolidated balance sheets of more companies and subsidiaries regardless of their structures and relationships.
Real-time and time zone independent
BEST performs in real time the settlement and delivery of transactions. It also allows running periodical procedures while other users differently located are operating their daily business.
Straight Through Processing
BEST permits the full automation to all business transaction flows to improve efficiency by reducing time, costs and risks.
BEST allows full multiple currency accounting and reporting.
BEST full parameterization enables setting customized processes without source code modifications and creating new functionalities with minimum effort.
The wide choice of available integrated modules and interfaced third party systems allows the clients to implement the tailor-made solution they need, containing the overall licence and implementation costs.
The high level of processes and data integration with the realtime transaction processing of BEST allow a correct and quick decision making at any time.
BEST is a fully multilingual system. Multilingual functions are available for each user (user interfaces) and for the final client (client reporting).
BEST is a full graphical Web-based suite whose functionalities can be easily learned by the final users, provided with online documentation and help facilities.
Internal controls and audit
BEST allows defining several internal control indexes to monitor the counterpart and transaction risks. BEST records all the information relevant to each transaction for full audit activity.
Through a fine tuning of security parameters, BEST allows managing very effective security policies. Thus users must be authenticated and authorized to access certain programs and data, also on the basis of the four-eyes principle. Special data encrypting functionalities, combining solid cryptography algorithms with smart card technology, allow increasing the overall security of the stored confidential information. BEST also implements some automated rules of transaction control processes, reducing operational risks notably.
Best Vision Solutions Ltd. constantly improves and updates its solutions to satisfy all new requirements and to meet the continuous evolution of the technological environment.
BEST is a modular banking suite based on a strong middleware concept, which allows integrating and interfacing third party solutions easily. Applications development and evolution are managed by standard framework tools, which implement BEST main structures: operations and data flows definition, functional services, user interfaces, metadata definition, data dictionaries.
All new BEST modules are developed in Java™ language, according to the N-tiers J2EE Sun Microsystems Web architectures and multi-DBMS concepts. Thus BEST applications are platform independent running on any hardware (IBM iSeries, SUN Microsystems, etc.), any operating system (OS/400, i5/OS, UNIX, LINUX, Microsoft Windows), any database (IBM DB400, IBM DB2UDB, Oracle, PostgreSQL, MS SQL Server, etc.), any application server (IBM WebSphere, JBoss, Apache Geronimo, etc.), any browser (MS Internet Explorer, Mozilla Firefox, Opera, etc.).