Intouch completed transition to accounting by a unified plan of accounts of the Central Bank of the Russian Federation

September 16, 2015. Intouch company together with Homnet Consulting announced the project of transition to the accounting standards announced by the Central Bank of the Russian Federation.

Project Tasks

Signing of the contract about Homnet Consulting on project implementation on automation of accounting (financial) reports under industry standards for insurance companies, according to provisions of the Bank of Russia became the first step.

Choosing a Solution

The Homnet Consulting company suggested Intouch to use own development – the module "Homnet: OSK" and methodological case "Financial (Accounting) Statements for Non-credit Financial Institutions".

Result

The solution allowed to prepare automatically the reporting under the industry standards which are coming into effect since 2016. The reporting is under construction on the basis of primary documents of accounting and data on an insurance activity, representatives of the company integrator reported TAdviser.

Development plans

Until the end of 2015 adaptation of the software product "Homnet will be carried out: OSK" under features of accounting in Intouch, will also be instructed the staff of the company on work with a subsystem of financial statements.

"We expect effective cooperation with our partners and are sure that the project of transition to new accounting standards will be successful and will provide the companies accomplishment of all requirements of the regulator of the market of insurance", – the CEO of Intouch company Maria Malkovskaya commented.

2016

Project Continuation

On April 13, 2016 the Homnet Consulting company announced completion in March, 2016 of works^[1]:

• embedding of a subsystem of Homnet: IFRS in working base Intouch;
• carrying out initial settings in a system;
• user training.

At a completion stage:

• Setup of rules of formation of personal accounts;
• Design (adaptation of the new chart of accounts and a look-up table of accounts used in the standard program for accounting blocks; modeling and the description of a technique of reflection of operations with accounting blocks in the Homnet program which are not provided by the operating account policy of PBU; The Description of report forms on the block and algorithms of their filling);
• Completion of a system according to functional requirements.

Project Results

On November 16, 2016 the Homnet Consulting company announced end of the first, according to her, in Russia of the project on transition to accounting by a unified plan of accounts of the Central Bank (EPS) and preparation of the reporting under the standard for Intouch company.

Advertizing Intouch, (2014)

According to the results of the project the customer created the test reporting in 1 quarter 2016.

Attraction Homnet Consulting as the contractor became the successful solution which allowed Intouch company of one of the first to complete in the market the project on transition to accounting on EPS. Cooperation met our high expectations to quality and efficiency of work. It was promoted by professional approach Homnet Consulting both in terms of information technologies, and in terms of understanding of requirements of the Central Bank of the Russian Federation and features of accounting in the new chart of accounts. Vladislav Bunto, CIO of Intouch company

The integral component of the software product – a methodological case. For its preparation, right after a release of the project of Regulations of the Central Bank of the Russian Federation on transition to NPS, methodologists Homnet Consulting carried out work on the analysis and systematization of the accumulated experience with the reporting under IFRS, its optimization with Provisions and standards from the Central Bank of the Russian Federation. The standard methodological case to the Homnet NFO configuration as a part of which is as a result created:

Ready report forms – 4 main and more than 100 notes to them;

• The standard chart of accounts recommended to the Central Bank and finished by methodologists. Depending on features of accounting at the customer, the standard chart of accounts in addition is improved;
• Standard mepping – the process allowing to shift accounting under RAS to NPS.

The software product and methodological case are intended for accounting on EPS. Basis for data acquisition:

• Data of RAS (including enriched in connection with the requirement of the new standard);
• Parallel accounting of some sections of accounting;
• Specific transactions and amendments.

The product allows to keep account on personal accounts according to requirements of the Central Bank.

In the product "Homnet NFO" the mechanism of interpretation of the reporting allowing to analyze a report indicator up to primary wiring is implemented. Also in the solution the mechanism of reconciliation of data allowing to reveal differences in accounting of RAS and EPS is put.

We considered obligatory to offer Intouch not a just automated system of preparation of the reporting, and a system which would fully save accounting principles, usual for the company, and at the same time also improved them. It minimizes stressful situations for personnel, allows them to accustom quickly to a system and in the usual mode to continue to perform work. Dmitry Kuznetsov, project manager from outside Homnet Consulting

Upon transition to the Unified plan of accounts of the Central Bank of the Russian Federation for us there was important an observance of several conditions: efficiency of approval and technical readiness of the contractor to get to work in short time and also a possibility of gradation and the minimum changes in the interface of the existing system. Thanks to professionalism of employees Homnet Consulting and the correct prioritization from the top management of JSC INTOUCH INSURANCE the staff of financial department could easily adapt and begin to use new forms which were in full implemented in the program. Irina Kuzmina, chief accountant of Intouch

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