Improves Work Efficiency and Better Resources Utilisation: In view that the periodic process can be resource-intensive, banks or financial institutions can optimise their resources' utilisation, by scheduling them for off-peak hours, thus, ensuring that critical resources like CPU, memory, and storage will be efficiently used.

Processing Consistency and Data Accuracy: Being able to schedule periodic process at a specific time will ensure consistency in data processing, e.g., during EOD process accounts will be reconciled, balances will be updated, and relevant reports will be generated at the same time, and the risk of manual errors also reduced, thus, ensuring data integrity and accuracy.

Timeliness and Compliance: Meeting deadlines is important for regulatory compliance and financial reporting in banks or financial institution. Thus, scheduled periodic process will ensure timely process execution, e.g., during the EOM periodic process, interest will be calculated, regulatory reporting will be extracted, and compliance checks will take place, which will help the banks or financial institution to avoid delays and penalties associated with missed deadlines.

Upon completion of the scheduled SOD process, user will need to update the branch status from 'Close' to 'Open', via the 'Open Branch' function to allow transactions to be performed for the day.

Upon completion of the scheduled EOD process, user will need to update the branch status from 'Open' to 'Close', via the 'Close Branch' function to stop allowing transactions to be performed for the day.