Financial Software to Match You

Find Your MIMICS Software Engine

Built for banks, brokerages, fund managers and investment managers
  • Customer Portfolio
  • Fund Portfolio
  • Treasury Portfolio
  • Portfolio Analysis
  • Forex Trading
  • Equity Trading
  • Precious Metals
  • Repos
Made with corporations, transfer agents, REIT managers, mutual fund managers, and bank trust departments in mind
  • Shareholder Accounting
  • Bond Paying Agent & Transfer Agent
  • Debt Management
  • Pension Admin
  • Mutual Fund Admin
  • REITs
  • Annuities
  • IRA Management
For commercial banks, investment banks and credit unions of any size
  • Real Estate
  • Loan Origination
  • Repurchase Agreements
  • Loan Management
  • Safekeeping
  • Fed Funds
  • Item Collections
  • Documentary Collections
  • Teller
Central Banking
One of very few products on the market made specifically for central banks
  • Auction Processing
  • Public Debt Issuance
  • Currency Vault Management
  • Dormant Accounts
  • Exchange Control
  • Forex Trading
  • Reserve Portfolio Management
  • Pension Admin
  • Teller
  • Regulatory Reporting Portal

MIMICS Long Term Savings Account Software

MIMICS Long Term Savings Account (LSAs) Software is a comprehensive management system for handling long term saving accounts, a special deposit instrument created by Parliament on June 1, 1999.  The Government of Jamaica had introduced this Jamaican Dollar denominated tax-free account specifically for individuals.


An individual is allowed to invest up to a maximum amount per year in an LSA account as dictated by the Government of Jamaica. MIMICS LSA System tracks each individual's deposits to their LSA account and monitors the investment limit.  The system will check each new investment to check if it would exceed the limit in relation to the other investments done in that same year. The system also checks when the new LSA is approved, in case there were multiple pending LSAs.


The interest paid or credited to this account is not subjected to tax if the LSA is not encashed early.  However, the MIMICS LSA System will retain the percentage of interest to be withheld in case the LSA is encashed early.

Early Encashment

MIMICS LSA System calculates the penalty deduction percentage on the income accrued on a long term savings account when an early encashment occurs.  It calculates the amount to be retained for the Collector of Taxes and the amount of the accruing interest to be payable to the account holder.

New Investments

New investments are handled by the system as a new LSA transaction as opposed to contributing to an existing LSA Transaction. This is because each contribution is subject to the 5-year limit. However, all LSAs for one customer are tied together for annual limit checking.


Rates can pegged to an overall LSA rate in the case that all LSAs have the same rate, and that rate changes periodically. Set the peg whenever the rate changes, and the system automatically changes the rate on all of the trades.

Payment Schedule

The payment schedule can be set to "At Maturity" so that the system will not automatically disburse interest accrued on the LSA.  If the Payment Schedule is changed, disbursements will automatically be created by system.

In addition, the system also allows interest to be manually withdrawn periodically.  The system can allow the LSA Customer withdraw interest accrued at any time. The system can disallow the portion of the interest that would be withheld if the LSA is encashed early.

The user can define the allowable withdrawals.  The interest amount paid out is based on the withdrawals that are allowed.


The Compounding Schedule can be set periodically for example to default to "Quarterly". In that case, every quarter the outstanding, un-withdrawn interest will be reinvested into the principal of the LSA.


Setting up fees for your customers through the MIMICS System is simple and straight-forward.  The user can define different types of management fees to be charged for example periodic fees, interest withdrawal fees and early encashment fees. In addition, G.C.T. (Gross Consumption Tax) can be calculated and charged on the Management Fee.


The user can define which actions will occur upon maturity of the LSA when the account is initially set up.  Examples of actions are Rollover Principal and Interest, Rollover Principal, Reduce Principal and Do Not Rollover. The system allows this action to be changed after the LSA has been created, at any time before it matures.


Confirmations, statements, interest payment tickets, checks, advices and any other forms that you send to your customers are printed. These forms are designed to your specifications, and they can be printed with micr encoding.


By interfacing with the MIMICS Portfolio Management System you can fully utilize your portfolio securities.  There is no need to have the collateral sit idle. The Portfolio System will make sure the collateral is not pledged elsewhere, e.g., to public funds deposits, so you cannot double or over pledge.

Additional Features

The system comes complete with full audit trail reporting and history posting.  These are accessed through standard reports or through use of the on-board report writer. GL and DDA entries can be automatically transmitted to your mainframe GL and DDA systems.

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Add-On Module Options


Centralize and manage all aspects of client communications including sales/marketing campaigns, and history of service across multiple MIMICS modules. Read More ^

Disaster Recovery

Ensures that your data and system is protected and can be fully accessed or restored in the event of catastrophe. Read More ^

Email Option

Allows customer forms such as confirmations and statements to be encrypted and emailed automatically. Read More ^

Customer Web Portal

A customized web interface that allows your customers to view history and to place requests, with the look and aesthetics to match your own website. Read More ^

Direct Data Connection

Allows secure, read-only access to aspects of the database of the related MIMICS module, for data mining or to allow you to create your own reports or exports. Read More ^


Includes functionality for general ledger, accounts receivable/payable, fixed assets, payment processing, purchasing and account reconciliation. Can interface with any other MIMICS module. Read More ^

How Our Software Helps You

User Experience

You deserve better financial software. We have been thoughtfully crafting intuitive, easy-to-use software for decades to give you more of what you want, less of what you don’t.


Software should not be one-size-fits-all. We take the time to get to know what makes you you, so that we can customize our software to offer a product that is exactly to your specifications and intuitively easy to use.

Boost Productivity

Our software does much of the “heavy lifting” of calculating, processing and automating to help greatly boost your productivity, streamline workflow operations and get you moving at optimal efficiency.

Save Money

Beyond the labor you will save with the wide-ranging functionality our software provides, our customizations give you more of what you want for a lower price than our competition.

Secure Your Data

We respect the sensitive nature of your information. That’s why we offer industry-exceeding security, including fully-encrypted databases and data tokenization.

Unparalleled Support

We truly pride ourselves on our friendly, responsive customer support, day or night. We love our customers and strive for 100% client satisfaction. But don’t take our word for it; read what our actual users say.

About Us

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We’d love to show you how our software can help you in action. Demonstrations can be tailored to scenarios of your choosing with specifications unique to your needs. They are done online, recorded for your reference, and take about 1 hour. Contact us to set one up today!
Portland Office: 
319 Washington St., Suite 1001
Portland, OR 97204

Albuquerque Office: 
Albuquerque, NM 87110

India Office: 
MIMICS East Technologies
Hyderabad, Telangana