Ugoria-Life complies with the requirements of Regulation 710-P with the decision of Sintegro Consulting

2021: Automation of 710-P requirements

Ugoria-Life will comply with the requirements of Regulation 710-P with the decision of Sintegro Consulting, as the latter announced on July 5, 2021.

The accounting financial of investments and the formation XBRL of reporting at Ugoria-Life were automated, and they kept the calculation of reserves in. Excel But in this form it is impossible to achieve the necessary detail data and make calculations in accordance with the latest requirements of Regulation 710-P. When choosing a supplier, the company visited the Sintegro webinar. She consulting was interested in the advantages of the 710-P Indicator: first of all, the ability to maintain detailed accounting and submit XBRL reporting in one program, a developed methodology and the possibility integration with external systems, for example, with Interfax.

In March 2021, Sintegro Consulting and Ugoria-Life began a project to automate the requirements of the situation using the 710-P Indicator and the XBRL Factory.

The first results of the work are fully consistent with the planned plan: the method of filling in the details for asset registers is already ready, and integration with our accounting systems is being set up. In July 2021, we are waiting for a system with complete and reliable data for reporting, said Yulia Shmakova, deputy chief accountant of IC Ugoria-Life.