RCC Corporation (Corporation Settlement Center)

The Corporation Settlement Center (RCC) is a fully functional solution in the field of automation of centralized management of corporate finances of enterprises with a territorial and organizational structure of any complexity in real time.

Bank's target customers for Cash Management products

• the largest corporations of the Russian Federation and the CIS (TOR-1000)
• companies with large volumes of export-import operations
• enterprises with a complex organizational structure
• geographically distributed enterprises
• companies with a substantial share of state ownership
• service enterprises with a large number of counterparties.

The RCC allows you to provide both purely individual Cash Management product packages for the largest corporations, as well as unified product lines for entire segments of the bank's client base.

RCC Base Products

• monitoring of the state and flow of funds of the Central Federal District
• acceptance/refusal of Central Federal District payments
• budgeting support
• customizable operational monitoring and cash flow control of the Central Federal District in terms of budgets, estimates, financial plans, projects, contracts, counterparties, other customizable classifiers and their control loops
• direct management of accounts of the Central Federal District
• Funding and Control Application Scheme
• payment calendar.
• generation of analytical reports of various levels of consolidation and detail
• billing
• technical solutions in the field of data protection, load sharing and fault tolerance
• service connection service
• automatic identification of incoming payments
• treasury gateway (integration with automated corporate systems).

Advantages for the bank

• strengthening relationships with corporate clients through the provision of additional unique services, increasing customer motivation in cooperation with the bank

• concentration of accounts of corporations, their subsidiaries and affiliated divisions in the bank structure, increase in balances in bank accounts and volumes of transactions conducted through the bank

• integration of the bank's infrastructure into the customer's financial back office

• ensuring customer loyalty through their use of the bank not only as a settlement tool, but also as an assistant in the field of managing their own finances

• an additional source of revenue from existing IT infrastructure

• providing a modern product line.

Benefits for the Corporation (Enterprise Group)

• increasing the efficiency of the group's cash turnover, reducing operating expenses

• manage all group financial flows in real time, strengthen financial discipline and control over the targeted use of funds by group enterprises

• centralized authorization of payments, making payments from any account of the group

• liquidity management

• additional income from the placement of free consolidated funds, optimization of counter payments of the group's enterprises

• financing the corporation from own funds, reducing the need for borrowed funds.

Technological aspects

• adapted electronic document flow using electronic digital signature (EDS):
• analytical coordinate system
• electronic document management mechanisms (creation, approval steps, final processing)
• setting up role-based functional and organizational user access
• User interface settings (user profiles)

Advanced technology

• JAVA technology

• three-link distributed client-server architecture

• load balancing, scalability and clustering (support for industrial solutions)

• support for various DBMSs, including Oracle, Firebird

• • cross-platform (support for MS Windows, Unix, Linux)

• XML document flow, import-export mechanisms with other systems (accounting, ERP, bank-client, etc.).

2022: Inclusion in "Financial Sector Software Interchangeability Catalogue"

On August 11, 2022, BSS announced the inclusion of its own solutions for remote banking, voice technologies and information security in the "Directory of Interchangeability of Software for the Financial Sector." In particular, from BSS, the Catalog includes a modular solution for centralized enterprise management of any complexity "Corporation Settlement Center" (RCC). Read more here.