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Holdings & Enterprises

Holding companies and large organizations often have several companies with separate accounts, and alongside them a fund for employee loans, a treasury for managing liquidity and a portfolio of investments. Dara is multi-company: each company has its own chart of accounts, fiscal periods and users, and their data is kept separate, yet group management can see the full picture as far as its permissions allow.

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Challenges we hear about

  1. 01

    Several companies, several systems

    Each company in the group runs its own financial software, and putting together a consolidated view takes manual work.

  2. 02

    Employee loan fund

    The employee fund is usually run on spreadsheets, and its loan queue and installments are not transparent.

  3. 03

    Investments against the bylaws

    There is no clear view of how far each investment is from the limit set in the bylaws.

How Dara responds

  1. 01

    A multi-company Financial Core

    Each company's data is kept separate and each company has its own access catalog, while cross-company comparison is available within the limits of a user's permissions.

  2. 02

    Employee fund with scoring and Solar Hijri installments

    Employee deposits, scores, loan limits and installment schedules sit in the same system that keeps the fund's accounts.

  3. 03

    Treasury and investment portfolio

    Cash positions from the teller counter to the central vault, cheques and petty cash, and every investment shown next to its limit under the bylaws.

Recommended solutions

01

Core Banking & Qard al-Hasan Fund

A multi-level chart of accounts, three-stage vouchers, fiscal periods and treasury in a single Financial Core. Deposits, financing, cards and wallets all read their balances from it.

  • Chart of accounts with up to six detail levels and conflict-free code allocation
  • Vouchers in three stages: draft, provisional and final
  • Consecutive, non-resettable voucher sequence numbers for each fiscal period
Solution details
02

Loan & Credit Product Builder

Define financing products through configuration: profit and penalty rates, installment start policy and eligible collateral, attached to one of fifteen Islamic contracts. Installment schedules are built on the Solar Hijri calendar.

  • Fifteen Islamic contracts, each with a dedicated calculator
  • Solar Hijri installment schedules with a fixed day of the month and three profit distribution methods
  • Repayments allocated to penalty, then profit, then principal, following the Central Bank of Iran's priority order
Solution details
03

Digital Wallet

A wallet with a unique 16-digit number for top-ups, withdrawals, transfers and amount holds. The balance is read from the Financial Core, and the available balance is the balance minus active holds.

  • Single and bulk opening that carries on even if some rows contain errors
  • Wallets organized into groups
  • Voucher posted before any change to wallet status
Solution details
04

Sources, Uses & Commitments Dashboard

A real-time picture of where the organization's money is, what it has been used for and what commitments sit against it, all read directly from the Financial Core with no parallel tables.

  • Real-time balances of the organization's cash desks and bank accounts
  • Sources: deposits by category, branch and customer
  • Uses: financing portfolio, classification and provisioning
Solution details
05

AI Decision Support

A thin layer on top of the same platform. Users write their request in Persian, and the assistant carries the work forward with the same permissions and the same data. No change is recorded without human approval.

  • Filling in forms and starting processes from a single sentence in Persian
  • Answers on where a case is held up, backed by data
  • Detection of configuration drift and anomalous behavior, with evidence
Solution details
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Talk to us about your organization

In a demo session we walk through your organization's scenarios on Dara's demo environment and answer your technical and finance teams' questions.

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