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Project

In "The Russian international bank" uses of the Budget of Household Expenses system summed up the results

Customers: Russian International Bank (RIB)

Moscow; Financial services, investments and audit

Contractors: Intersoft Lab
Product: Intersoft Lab: Budget of household expenses
На базе: Intersoft Lab: Circuit

Project date: 2013/01  - 2013/07
Number of licenses: 30

JSC RMB of BANK was positive for results of three years of application of the Budget of Household Expenses application of Intersoft Lab company. The Bank notes convenience of work with the application – it is used by more than 30 employees, time for preparation of the consolidated version of the plan began to take no more than 5 days, terms of approval of payments were reduced till several o'clock, the plan fact the reporting under execution of the estimate is automatically prepared.

Since 2013 JSC RMB BANK operates the Budget of Household Expenses application for automation of estimate planning and control from Intersoft Lab company. Financial management had an opportunity quickly and to consolidate estimates of divisions in the automatic mode. Now preparation of plans of smetoobrazuyushchy divisions and their automatic consolidation takes 5-7 days, earlier on it not less than 14 days were required. Unproductive labor costs on preparation of the consolidating plan and an error which arose earlier by manual preparation and the data of budgets on the basis of spreadsheets are as a result completely eliminated. Reduction of terms allowed to pass to quarterly preparation of budgets and to increase planning accuracy. The application became for smetoobrazuyushchy divisions "service of one window" both for preparation of estimate plans, and for their subsequent execution.

Using the application activity of all participants of process of estimate control is completely automated. Financial management, controlling payment orders, instantly using the system of reference books can specify for each payment amount analytical signs – the project, division and so forth. Due to automation of checks of payment amounts on a remaining balance of budget items and reductions of paper document flow, terms of acceptance of payment documents were reduced till several o'clock. Thanks to the adjusted data exchange of a budgeting system with the core banking system, employees of the bank have an opportunity to quickly receive and consider information on carrying out payments and also to issue the plan fact the reporting on execution of the economic budget. Due to address reference of costs at integration of the application with the system of management accounting detailing of household expenses in a financial result on divisions and head office is executed automatically.