Neoflex implements the system of creation of the obligatory reporting in BNP Paribas bank

The Neoflex company announced end of the first stage of implementation of the module of the obligatory reporting of the Neoflex Reporting system in BNP Paribas bank. Thanks to the new system of the bank reporting Neoflex Reporting formation of a number of the report forms based on booking data including forms 101, 102, 134, FOR, 202, 301, 345 is automated. The first stage of the automation system of the bank reporting of Neoflex Reporting is put into operation in BNP Paribas bank in July, 2011.

Neoflex acquired the right to creation of an automated system of creation of the obligatory reporting as a result of a victory in the tender of BNP Paribas bank. It is remarkable that it is already the second project on automation of preparation of the reporting for Bank of Russia which Neoflex executes for the BNP Paribas group in Russia. The first project is successfully executed in BNP Paribas East bank where the module of formation of the obligatory reporting of the Neoflex Reporting system effectively functions more than 3 years.

In January, 2011 Neoflex executed preproject inspection within which business requirements to automation of the reporting were recorded in bank and the diagram of system implementation of Neoflex Reporting is created. Works on the first stage of system implementation were begun in February, and in July the developed functionality was brought into operation according to the approved diagram.

"We with satisfaction noted that the procedure of "closing of month" considerably accelerated already at the first stage of implementation of a subsystem. The report with results of work of a subsystem of quality of data is daily sent to responsible persons who quickly correct errors in an original informatin. Thus, in the Central bank reports form on the basis of the verified data" — Anton Sparinapti, the senior manager on business development of Neoflex company commented on results of the first stage of works.

The general project duration will be one and a half years. According to an implementation methodology of the Neoflex Reporting system, the project is broken into several stages on object types, loaded into a system. A set of the report forms calculated on the data loaded during this project phase is result of each stage.

At the subsequent stages, the average duration of each of which is four months, preparation of the following blocks of reports will be automated: credits, deposits, MBC: forms 115, 117, 118, 128, 129, 135, 157, 501, 603, 302, 634; derivative financial instruments: forms 118, 135, 125, 407, 601, 634, 701; securities: forms 110, 115, 116, 118, 135, 153, 155, 405, 608, 634; the published reporting: forms 251, 401, 806, 807, 808, 813, 814.

In addition to report forms, the bank will receive a quality control subsystem which is replenished with new quality checks of data during each next stage, more than 80 test reports. Besides, interfaces for setup and classification of report forms will be created.

At the moment Neoflex conducts works on start of the following queue of a system which is going to be put in operation in November, 2011.