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Company:
Strategic Information Technology Limited
Website:
Location:
  • 300-37 Sandiford Dr.
  • STOUFFVILLE, ON
  • L4A7X5

Contact Information

Telephone:
905-640-0808
Alternate Telephone:
Fax:
905-640-0809
Email:
betterbankingsoftware@stratinfotech.com
Markets:
Belize, Ireland, Trinidad and Tobago, United Kingdom
Number of Employees:
101-500
Year Established:
1988-06-01
Industries Classification:
541690  Other Scientific and Technical Consulting Services
541510  Computer Systems Design and Related Services
Total Sales ($CDN):
$10,000,000 to $24,999,999
Updated on:
2016-06-20,  Industry Canada
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Strategic Information Technology Limited

Company Profile

SIT is a Canadian-owned company that has been providing intelligent information systems solutions to the financial services industry since 1988. Using open, client/server, state-of-the-art software technology, SIT develops, markets, licenses and supports its core banking software system, Portfolio Plus. It also provides a full range of professional services. SIT serves clients across Canada including banks, trust companies, credit unions, mortgage & loan servicers, life insurance companies and governments.

Products/Services

  • Preferred Services SIT’s Preferred Services Group provides a dedicated team of banking software experts who focus on the specific and unique goals of the particular client. Services available through this Group include: • Relationship Management • Operations Management • Project Management • Requirements Development for Enhancements • Customized Training • Business Process Review • Customized Testing • Off-Cycle Regulatory Deliveries • Supplementary Environment Creation and Maintenance • Custom Messaging Infrastructure Support

  • Portfolio Plus Portfolio Plus is a high-end retail and commercial banking software system that operates in an on-line, real-time mode using fully integrated straight-through processing. The system is designed to be a total "back-to-front" solution for financial institutions in delivering banking services to customers and in administering loans, deposits, savings & transaction accounts, cash management & investment accounts, wealth management and retirement products, as well as providing full accounting, control and reporting. An enhanced database structure permits all components to operate in a fully integrated mode or on a stand-alone basis with connectivity to existing systems. A unique central Customer Information File (CIF) provides support for Executive Information Systems and Total Customer Relationship Management. The system is interface-ready to ABM, PC, Phone, Cards (Debit/Credit/Smart), and Internet applications. Portfolio Plus offers true portability and connectivity across hundreds of hardware and software platforms including Digital, Hewlett-Packard, IBM, SUN, SCO, UNIX, and Windows. Portfolio Plus is available as a conventional licensed in-house solution or on a subscription basis under the Application Service Provider (ASP) model. A selection of the components of Portfolio Plus: LOANS -Origination and administration of mortgages, corporate, commercial, construction, and consumer loans including investor servicing and securitization. TERM DEPOSITS - Administration of short and long term deposits including index-linked, adjustable rate and stepped-rate products with full agent management capability. RETAIL DELIVERY - Administration of chequing, savings, transaction and other deposit accounts including teller platform and gateways to all electronic products (ABM, Debit/Credit Card, PC, telephone and Internet Banking). INVESTMENTS - Administration of all wealth management products including stock, bond, mutual fund portfolios, self-directed and non-self directed RRSP's, RRIF's, LIF's, LRIF's, RESP's, and RDSP's. ACCOUNTING - General Ledger, Accounts Receivable, Accounts Payable, including management and regulatory reporting. PORTCULLIS - Delivers the convenience of Web Banking to the customer, allowing access to all banking functions and accounts. OFFICE LINK - Controls the look and feel of documents and correspondence, providing branding/marketing opportunities. PROSPECTOR - Provides the opportunity to intelligently access data utilizing standard or customized reports.

  • Technical Services Clients work with SIT’s Technical Services Group to customize a technical services ‘package’ that can include delivery and deployment of fixes and Service Packs; database backup, restoration and replication; assistance, training and support for regulatory compliance, disaster recovery, maintaining application currency and maintaining operational platform integrity.

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