"Bank of Baku" selected Infor FMS SunSystems for automation of accounting of OS

Infor FMS Fixed Assets for automation of fixed asset accounting was selected by bank based on contrastive analysis of this product with some other the similar systems. The main criteria when choosing the solution were: an optimal ratio by parameters functionality/price, scalability and reliability of a system, complete adaptedness of a product to conditions of the Azerbaijani market. One of the essential factors which provided the choice of RBC Group company as the partner in implementation was existence of wide experience of successful implementations of Infor FMS SunSystems in the leading banks of Azerbaijan.

The module for fixed asset accounting of Infor FMS SunSystems allows to keep detailed information on all fixed assets and also intangible assets and MBP. For the most complete and detailed fixed asset accounting, the module gives an opportunity to use to 10 categories the analyst for everyone OS.

Except accounting of statistical information on OS, the module locates the opportunities simplifying process of charge of wear. A system offers more than 10 accrual methods of wear. Besides, a system gives an opportunity of setup of non-standard accrual methods of wear. Everyone OS can be considered in 2 currencies. For everyone the accrual method of wear is set by OS individually, at the same time accrual methods on the first and second currency are also selected independently of each other.

Except depreciation according to corporate standards in Infor FMS SunSystems it is possible to configure depreciation and under the Tax Code of the Azerbaijan Republic.

The RBC Group company developed the module for inventory of fixed assets which allows to increase quality and accuracy of the information on each fixed asset.

In a product such functionality as is maintained:

• possibility of setup of the program under the client's business model;
• multicurrency;
• support of fixed asset accounting of several enterprises in one system;
• multi-layer system of differentiation of access rights;
• possibilities of data analysis in different measurements;
• powerful generator of the reporting.