Mospromstroy Fund for submission of reports in the XBRL format uses the solution "XBRL Factory"

On March 12, 2019 the Sintegro consulting company reported that from 3rd quarter 2018 autocompletion and providing accounting and supervising and statistical reportings of NPF Mospromstroy Fund to the regulator of the main forms is performed using the XBRL Factory system. As a result of implementing solution specialists of accounting of Fund completely avoided manual reporting.

According to requirements of the Bank of Russia non-state pension funds since 2018 should provide providing accounting and supervising and statistical reportings in the XBRL format.

In JSC NPF Mospromstroy Fund for filling of the main report forms and annexes to them Excel and the converter of the Bank of Russia was used. Process of reporting was difficult and labor-consuming that increased risk of emergence of errors. To avoid manual accomplishment of tasks and to minimize risks, the NPF addressed Sintegro consulting integrator for automation of filling of the reporting in a XBRL format.

For solving of tasks of JSC NPF Mospromstroy Fund specialists of Sintegro consulting suggested to use the XBRL Factory software product intended for meeting requirements of the Central Bank, shown to the reporting in a XBRL format. Except the translation of the reporting in the necessary format, the program allows to carry out an inspection of filling of reports, to create interpretations to them with indication of accounts and the analyst and to print them.

Within system implementation specialists of Sintegro consulting configured autocompletion of the main forms of accounting and supervising and statistical reportings and annexes to them in a month, quarter and year.

"In a project deliverable which lasted only 2 months specialists of accounting completely avoided manual reporting. It considerably simplified processes of work with the reporting, increased quality of the prepared data and excluded risk of emergence of discrepancies in it". Veronika Knutova, CEO of JSC NPF Mospromstroy Fund

According to information for March, 2019, between JSC NPF Mospromstroy Fund and Sintegro consulting the agreement on support within which regular updating of the functionality of a system including connected with change of taxonomy and providing consultations on work is provided in it is signed.