Branch Function - Introduction

One of the main prerequisites in starting the operations of a bank or financial institution is the need to maintain its branches' profiles. Branches must be set-up before any banking operations and transactions can be performed in the system. This function allows user to create the respective branches for a bank or financial institution to use SYNERGi system.

There are 5 levels or categories of branches that user can define for his bank or financial institution during branch set-up and they are as follows:-

  • Level 1 : Data Centre (usually for administrator to access and perform the batch processing)

  • Level 2 : Head Office (usually for operations monitoring purpose)

  • Level 3 : Regional Office (usually for the monitoring of a few branches under a region)

  • Level 4 : Normal Branch (usually for operational branch with possibly multiple mini branches)

  • Level 5 : Mini Branches (usually to service 'Normal Branch' transactions but have no accounting entries and no own account numbers)

Note: The number of branches that can be created for a bank or financial institution are dependent on the types of system licensing to be implemented.