Input and Authorization

Aura has a four-eye principle or maker / checker functionality for maintaining financial information. In general, for making any changes to data in the system that has financial implications, there has to be a user to input (or update) the data and a user to authorize the data.

• All non-financial master data (like branch data, calendar data, etc.) and generic information do not need further authorization.

• All financial master data, like currency exchange rates, interest rates need authorization.

• All liability account creation that defaults parameters from Products, where the user has not changed any information does not need authorizations.

• If an account has changed data -- like interest rate -- that is different from the Product then this account needs to be authorized.

• All asset products like loans need authorization even if the parameters are not changed.

• All journal entries need to be authorized before being posted into the accounts.

The same option of maker / checker is also available when web services are used to create or modify data in Aura.

Bank can also choose to have auto-approval for some roles, so that the data is automatically authorized as soon as it is input.

For a detailed explanation, refer to the user manual on Admin > Roles.