ALVARA Main Cash Software Receives OPDV Certificate
In line with the motto "Keeping a secure eye on your cash." the ALVARA Cash Management Group AG (ALVARA AG) prioritizes the security, transparency, and efficiency of its solutions. In the field of cash management and handling, high security standards are particularly essential quality features of software products.
For financial institutions and their service providers, requirements and standards that must be met or adhered to regarding the use of IT applications are regulated, among others, by the OPDV Technical Committee (OPDV - Orderliness and Audit of Data Processing). SIZ GmbH, a specialized service provider for security, IT, and central services, has now confirmed that ALVARA AG's main cash software meets these high quality standards set by the technical committee.
As part of the audit, ALVARA AG's main cash software and its manufacturing process were scrutinized and evaluated. This was conducted according to the auditing standard IDW PS 880, Tz2.
After the demanding and comprehensive OPDV audit, it is demonstrated that the business process of cash handling from counting to posting is supported, for example, according to the GoBD ("Principles for the proper management and storage of books, records, and documents in electronic form and for data access"). The certification provides financial institutions with program approval necessary for their software implementation process. Value service providers can present their customers with confirmation that they are using certified ALVARA software.
Among others, ALVARA's main cash software is already used by Stadtsparkasse Augsburg, Sparkasse Vorderpfalz, and Sparkasse Wetzlar, as well as Volksbank Lübbecker Land, VR Bank Kreis Steinfurt, and Volksbank Paderborn.
With the single and multi-user capable ALVARA main cash software, tasks in cash processing such as money counting, evaluations and reports, postings, and recycling are efficiently managed. Employees are relieved from laborious routine tasks. With consistent management, processing, and reporting, the quality of processes is enhanced, processing times are reduced, and the risk is minimized due to high automation.