Advantage Systems adds additional security feature to Accounting for Mortgage Bankers softwareMortgagePress.comAdvantage Systems, AMB, Accounting for Mortgage Bankers, bank accounts
Advantage Systems, a provider of accounting and contract
management tools for the mortgage and real estate industries, has
announced the addition of a new feature to Advantage Systems'
Accounting for Mortgage Bankers (AMB), an accounting solution
designed specifically for mortgage bankers, that enable users to
limit access to individual bank accounts.
By securing access to bank accounts, AMB now enables branch
users to manage their own checking accounts within the system. The
organization benefits by distributing that labor burden while at
the same time capturing the necessary accounting data relative to
Additional benefits of this security feature enhancement include
greater overall security of the check writing process and
prevention of errors associated with users selecting the incorrect
bank account when printing or voiding checks.
The enhancement provides managers within the mortgage industry
with the ability to safely and securely enable branch users to
print their own bank-related reports, such as cash disbursement and
cash receipt reports, since each user is only able to report on
banks to which he or she has been granted access. Senior management
also has the ability through AMB to better control access to money
market and other high dollar or sensitive accounts.
"Many accounting systems control the access to the function to
write checks rather than the specific bank involved, leaving the
company vulnerable to the risk that sensitive information can be
seen by the wrong people," said Brian Lynch, president of Advantage
Systems. "AMB takes security to the next level by enabling
management to decide which users have access to each bank
AMB is an accounting system that was specifically designed for
mortgage bankers to provide loan-level detail of accounting
transactions. The system provides general ledger, accounts payable
and report writing capabilities. A Web-based reporting module is
also available for branch managers along with a module to calculate
commissions, bonuses and overrides.
For more information, visit www.mortgageaccounting.com.