The Volksbank Romania SA (VBR), an expanding Romanian Bank, , is said to install SQL Server net-based treasury system according to the report published on the website of Windows in Financial Services, Microsoft’s magazine in the financial enterprise. VBR is composed of more than 1,200 employees with about 140 branches all over Romania, and this has qualified Spectrum Treasury System of Financial Software System. Spectrum is designed on .NET platform of Microsoft and is intended for one database with one transaction record; hence, avoiding reconciliation errors. In the case of VBR, SQL Server will be the Spectrum database.
The major areas of VBR’s business are retail banking, corporate banking, and Treasury. This bank is also focusing on small and average enterprise banking as well as micro banking. Because the bank experienced a sudden growth for the last few years in terms of clients, assets, and profitability, it has to be supported with Spectrum. Spectrum assists the back-office dispensation of its Treasury transactions. So, VBR is preparing to install and use Spectrum right in its headquarters office located in Bucharest.
Spectrum can give a lot of advantages. One of the advantages it provides is the complete management system for money markets, fixed income and derivatives, as well as foreign exchanged. Spectrum also gives out straight-through handing out of transactions. Its back-office similarly manages payments, trade confirmations, accounting, settlements, and the entire trade processing activities. Certainly, transactions go through Spectrum in a distinct life cycle. This is why Spectrum is being utilized by different banks all throughout the world, especially by those that regularly process more than 100,000 Treasury transactions each day. Also, the SQL Server database within Spectrum solution of VBR will supply a great source of information for datamining, analytics, and reporting.
The Microsoft SQL Server database application can be used by any type of enterprise to meet the need for improving information asset management. From simple database solution, the new SQL Server editions offer excellent features that can serve as reliable platforms for storing and querying data.
The different Microsoft SQL Server editions provide complete solutions for effectively managing data across the enterprise. It can therefore improve business intelligence which could impact significantly in performing different corporate tasks.
For optimum performance however, companies need to choose which Microsoft SQL Server editions would be best for their operations. SQL Server has a complete line of different database applications and programs that could match any business need.
For example, the SQL Server Workgroup is ideal for companies that have numerous remote branches and sub business units. By using the workgroup edition, companies can run different branch databases and optimize the reporting capabilities of business units. The online database access and reporting system will ensure that diverse workgroups can perform as a single unit.
The compact and express editions of SQL Server would be ideal for small and medium sized companies. These specialized editions of SQL Server can be deployed in an IT environment with limited computing power. However, the utilities and functions of these editions will not be diminished. Companies can still perform optimally and run their databases to serve the interest of different business processes.
The Microsoft SQL Server applications can optimize the database of companies. These applications can improve business intelligence and data management which could lead to higher productivity.