PrologueTM Financials Integrate and Optimize Your Financial ...
Products
Prologue Financials Integrate and Optimize Your Financial Accounting Processes TM
Products The foundation of good enterprise performance management is sound business intelligence based on accurate accounting processes and data. Prologue Financials from Fiserv automates accounting functions so you benefit from more reliable and accessible information.
Harness the Power of Integration
Improve Security and Control
The core applications of the suite, including Prologue General Ledger, Prologue Accounts Payable, Prologue Fixed Assets and Prologue Procurement, operate from a single Microsoft® SQL ServerTM database. The applications are seamlessly integrated, allowing you to automate workflows and drill down between them for immediate research and record retrieval.
Prologue Financials includes a wide range of features to ensure security and management control of the accounting processes in your institution:
Attach files such as documents, spreadsheets or pictures to any record within the database, putting the information you need only a mouse-click away. Features such as transaction copy, instant correction and automatic journal entry reversals eliminate rework. Real-time posting to the general ledger keeps you from having to run batches, imports or separate posting runs for every session. Labor-intensive month- and year-end closing processes for your general ledger, accounts payable and fixed asset processing are a thing of the past. With Prologue Financials, previous periods can remain open even while you begin entering transactions for the new period. Any given period is accessible until you decide to lock it.
• Maintain and track detailed audit trails using user security listings and modifications registers • Set up security according to your needs, by individual user or by user groups, specific features, access level, transaction type or even account or account segment • Set sophisticated password security, such as expirations and minimum lengths, designed following industry best practices and FFIEC guidelines for enforcing strong passwords Prologue Financials is compliant with regulatory issues and adheres to GAAP Standard Accounting rules and FASB standards. Financial Reporting Reporting in Prologue Financials is comprehensive. A complete set of standard reports is available for each application. Standard reports support complex querying capabilities and offer many different reporting options. Also create user-defined financial reports that pull data from all core tools and allow drill-down to the detail level.
3
One Source for Your Technology Needs
Robust column comparisons allow for easier analysis, including side-by-side comparisons of companies, centers or other organization units. Use Prologue Financials to Support the Way You Do Business Too often, financial institutions are forced to pay for bells and whistles they do not need. This is not the case with Prologue Financials. Buy and implement the specialized applications you need, when you need them. Prologue General Ledger Maintains your general ledger accounts and provides accurate reporting to help support key business needs. The system maintains an unlimited number of years of transaction and budget history to help you analyze trends and make better decisions. Prologue Accounts Payable Automates your vendor invoice processing and check-writing functions. The system includes powerful features such as full integration with Prologue General Ledger; the elimination of duplicate payments, manual and voided checks maintenance and processing; and transaction and invoice history storage for unlimited periods. Prepaid processing and 1099-MISC paper and magnetic media processing are also easier than ever.
4
Prologue Fixed Assets Keep all of your fixed assets information in a single place for easy review and depreciation processing. The system manages up to eight separate books simultaneously and provides complete accounting for purchases, tax, disposals and transfers. Prologue Procurement Deter unauthorized spending and make your requisition to-pay process – including requisition, purchase order, inventory manager and sale/purchase tax applications – more efficient and effective. Prologue Investment Portfolio Accounting Streamlines the accounting process for your institution’s portfolio. Designed to handle a wide range of security types, the system offers level-yield, straight-line or ratio amortization/accretion and six interest accrual methods. The system can also download prices, factors, ratings, current coupon rates and other information from FT Interactive Data.
Additional optional tools include: • Workflow approvals: automate invoice approval process and lower invoice processing costs • Vendor document scanning: facilitate a paperless accounts payable environment and provide a process for scanning and storing vendor invoices within the Prologue Financials database • Variable-type allocations: allocate general ledger entry amounts using statistical accounts for more precise reporting • Bank reconciliation: reconcile your Prologue Accounts Payable payments to your cash accounts with ease
solution features, which are also available in an in-house environment. The SaaS version is hosted and run from a Fiserv data center. Benefits of a hosted solution include: • No footprint on client workstations or servers • Reduced cost of implementing and managing software • Minimal IT involvement • Ease of integration • Rigorous Fiserv testing and security standards • Single sign-on to all applications
• MICR check printing
• Browser-based solution
• ACH electronic processing
• Easier to use and manage multiple applications
• Customization: customize your reports, application navigator window or lookups • Email manager: set up automated, customized email messages to specific people based on specific business events
• Easy access to industry-leading solutions from Fiserv for financial accounting, financial risk management and financial performance management • Comprehensive answer center
In-House or Hosted Options: Your Needs, Your Choice
• Separate, live off-site data recovery center for greater security and peace of mind
Residing on the Intelligent WorkplaceSM from Fiserv portal, the hosted version of Prologue Financials includes reporting, transaction processing, import/export and other key
• Unlimited online training
Imagine for a moment that you are reviewing your monthly financial statements and notice a particularly high expense account. To research the issue, you simply double-click on the amount to display the list of accounts included in that balance. Then, click on a particular transaction to drill down to identify the invoice from which it originated. Since you have attached a scanned copy of the invoice to the record in the database, another click displays the actual invoice. Drill down further to see the corresponding fixed asset and/or procurement records for the item. Get the answers you need quickly with Prologue Financials.
• Reliable performance from all locations including branch and back office locations
5
Support for Vendor Management Fiserv understands the need for vendor management requirements for auditors and regulators and has created an annual security report that is distributed to all clients with a Risk & Compliance solution. This security report demonstrates our continued vigilance in the area of security, compliance, and business resiliency. The report includes an annual report summarizing the Enterprise Security, Privacy, and Information Risk overview from Fiserv, including enterprise security policies and guidelines; a Self-Assessment conducted by providing responses to the Shared Assessments Standard Information Gathering Questionnaire (SIG v7.0); and the current Business Continuity Plan Executive Summary.
Key Benefits • Enhance efficiency with complete integration across all tools • Spend less time managing accounting processes and more time managing performance • Store files at the record level within the secure database for easy research and retrieval • Automate workflows between the core applications to save time and prevent errors • Maximize the efficiency of your accounting operation so you can direct resources to more strategic functions • Ensure the security of your accounting processes to comply with today’s complex regulations
Connect With Us For more information on Prologue Financials, call 800-872-7882, email [email protected] or visit www.fiserv.com.
6
About Fiserv Fiserv is driving innovation in Payments, Processing Services, Risk & Compliance, Customer & Channel Management and Insights & Optimization. Our solutions help clients deliver financial services at the speed of life to enhance the way people live and work today. Visit fiserv.com and fiserv.com/speed to learn more.
Fiserv Inc. 255 Fiserv Drive Brookfield, WI 53045
800-872-7882 262-879-5322 [email protected] www.fiserv.com
© 2016 Fiserv Inc. or its affiliates. All rights reserved. Fiserv is a registered trademark of Fiserv Inc. Other products referenced in this material may be trademarks or registered trademarks of their respective companies. 630-16-29146-COL 02/16
Prologue Financials Integrate and Optimize Your Financial Accounting Processes TM
Products The foundation of good enterprise performance management is sound business intelligence based on accurate accounting processes and data. Prologue Financials from Fiserv automates accounting functions so you benefit from more reliable and accessible information.
Harness the Power of Integration
Improve Security and Control
The core applications of the suite, including Prologue General Ledger, Prologue Accounts Payable, Prologue Fixed Assets and Prologue Procurement, operate from a single Microsoft® SQL ServerTM database. The applications are seamlessly integrated, allowing you to automate workflows and drill down between them for immediate research and record retrieval.
Prologue Financials includes a wide range of features to ensure security and management control of the accounting processes in your institution:
Attach files such as documents, spreadsheets or pictures to any record within the database, putting the information you need only a mouse-click away. Features such as transaction copy, instant correction and automatic journal entry reversals eliminate rework. Real-time posting to the general ledger keeps you from having to run batches, imports or separate posting runs for every session. Labor-intensive month- and year-end closing processes for your general ledger, accounts payable and fixed asset processing are a thing of the past. With Prologue Financials, previous periods can remain open even while you begin entering transactions for the new period. Any given period is accessible until you decide to lock it.
• Maintain and track detailed audit trails using user security listings and modifications registers • Set up security according to your needs, by individual user or by user groups, specific features, access level, transaction type or even account or account segment • Set sophisticated password security, such as expirations and minimum lengths, designed following industry best practices and FFIEC guidelines for enforcing strong passwords Prologue Financials is compliant with regulatory issues and adheres to GAAP Standard Accounting rules and FASB standards. Financial Reporting Reporting in Prologue Financials is comprehensive. A complete set of standard reports is available for each application. Standard reports support complex querying capabilities and offer many different reporting options. Also create user-defined financial reports that pull data from all core tools and allow drill-down to the detail level.
3
One Source for Your Technology Needs
Robust column comparisons allow for easier analysis, including side-by-side comparisons of companies, centers or other organization units. Use Prologue Financials to Support the Way You Do Business Too often, financial institutions are forced to pay for bells and whistles they do not need. This is not the case with Prologue Financials. Buy and implement the specialized applications you need, when you need them. Prologue General Ledger Maintains your general ledger accounts and provides accurate reporting to help support key business needs. The system maintains an unlimited number of years of transaction and budget history to help you analyze trends and make better decisions. Prologue Accounts Payable Automates your vendor invoice processing and check-writing functions. The system includes powerful features such as full integration with Prologue General Ledger; the elimination of duplicate payments, manual and voided checks maintenance and processing; and transaction and invoice history storage for unlimited periods. Prepaid processing and 1099-MISC paper and magnetic media processing are also easier than ever.
4
Prologue Fixed Assets Keep all of your fixed assets information in a single place for easy review and depreciation processing. The system manages up to eight separate books simultaneously and provides complete accounting for purchases, tax, disposals and transfers. Prologue Procurement Deter unauthorized spending and make your requisition to-pay process – including requisition, purchase order, inventory manager and sale/purchase tax applications – more efficient and effective. Prologue Investment Portfolio Accounting Streamlines the accounting process for your institution’s portfolio. Designed to handle a wide range of security types, the system offers level-yield, straight-line or ratio amortization/accretion and six interest accrual methods. The system can also download prices, factors, ratings, current coupon rates and other information from FT Interactive Data.
Additional optional tools include: • Workflow approvals: automate invoice approval process and lower invoice processing costs • Vendor document scanning: facilitate a paperless accounts payable environment and provide a process for scanning and storing vendor invoices within the Prologue Financials database • Variable-type allocations: allocate general ledger entry amounts using statistical accounts for more precise reporting • Bank reconciliation: reconcile your Prologue Accounts Payable payments to your cash accounts with ease
solution features, which are also available in an in-house environment. The SaaS version is hosted and run from a Fiserv data center. Benefits of a hosted solution include: • No footprint on client workstations or servers • Reduced cost of implementing and managing software • Minimal IT involvement • Ease of integration • Rigorous Fiserv testing and security standards • Single sign-on to all applications
• MICR check printing
• Browser-based solution
• ACH electronic processing
• Easier to use and manage multiple applications
• Customization: customize your reports, application navigator window or lookups • Email manager: set up automated, customized email messages to specific people based on specific business events
• Easy access to industry-leading solutions from Fiserv for financial accounting, financial risk management and financial performance management • Comprehensive answer center
In-House or Hosted Options: Your Needs, Your Choice
• Separate, live off-site data recovery center for greater security and peace of mind
Residing on the Intelligent WorkplaceSM from Fiserv portal, the hosted version of Prologue Financials includes reporting, transaction processing, import/export and other key
• Unlimited online training
Imagine for a moment that you are reviewing your monthly financial statements and notice a particularly high expense account. To research the issue, you simply double-click on the amount to display the list of accounts included in that balance. Then, click on a particular transaction to drill down to identify the invoice from which it originated. Since you have attached a scanned copy of the invoice to the record in the database, another click displays the actual invoice. Drill down further to see the corresponding fixed asset and/or procurement records for the item. Get the answers you need quickly with Prologue Financials.
• Reliable performance from all locations including branch and back office locations
5
Support for Vendor Management Fiserv understands the need for vendor management requirements for auditors and regulators and has created an annual security report that is distributed to all clients with a Risk & Compliance solution. This security report demonstrates our continued vigilance in the area of security, compliance, and business resiliency. The report includes an annual report summarizing the Enterprise Security, Privacy, and Information Risk overview from Fiserv, including enterprise security policies and guidelines; a Self-Assessment conducted by providing responses to the Shared Assessments Standard Information Gathering Questionnaire (SIG v7.0); and the current Business Continuity Plan Executive Summary.
Key Benefits • Enhance efficiency with complete integration across all tools • Spend less time managing accounting processes and more time managing performance • Store files at the record level within the secure database for easy research and retrieval • Automate workflows between the core applications to save time and prevent errors • Maximize the efficiency of your accounting operation so you can direct resources to more strategic functions • Ensure the security of your accounting processes to comply with today’s complex regulations
Connect With Us For more information on Prologue Financials, call 800-872-7882, email [email protected] or visit www.fiserv.com.
6
About Fiserv Fiserv is driving innovation in Payments, Processing Services, Risk & Compliance, Customer & Channel Management and Insights & Optimization. Our solutions help clients deliver financial services at the speed of life to enhance the way people live and work today. Visit fiserv.com and fiserv.com/speed to learn more.
Fiserv Inc. 255 Fiserv Drive Brookfield, WI 53045
800-872-7882 262-879-5322 [email protected] www.fiserv.com
© 2016 Fiserv Inc. or its affiliates. All rights reserved. Fiserv is a registered trademark of Fiserv Inc. Other products referenced in this material may be trademarks or registered trademarks of their respective companies. 630-16-29146-COL 02/16
