Diasoft Digital Q.Accounting

2023: Launch of Accounting Solutions

Diasoft has begun developing Accounting Engine products that are part of the Digital Q.Accounting development platform. For these products, the company offers a different approach to implementation, which will become more effective than the classic one. The company announced this on October 30, 2023.

The main directions of development of "Accounting Solutions":

• The products implement the possibilities not only for the formation of accounting, but also for the construction of management reporting, dashboards;
• In addition to posting rules and procedures, the products implement ready-made posting sets that are combined into business processes.

The Digital Q.Acounting development platform allows you to consolidate in an organization financial information from various sources and configure uniform accounting rules. The platform includes the product "Accounting Factories," which contains postings ready business processes for formation. Business processes are grouped by accounting standards (, IFRS RAS, management accounting, etc.) and business areas (, credits deposits,, credit cards transactions with, etc CENTRAL BANK.).

Based on many years of experience, Diasoft summarized the needs of customers: financial data must be made as useful as possible for business. Accounting and management reporting in one product enables organizations to use up-to-date, structured financial information to make management decisions. For example, in this way you can quickly analyze the effectiveness of the entire organization or individual departments, business areas or specific products, said Boris Kalinich, architect of the Digital Q.Accounting development platform of Diasoft.

The standard process of implementing Accounting Engine products for the entire organization can take several years. This is a large-scale project consisting of many stages: from a preparatory survey and the formation of a methodology to the launch into commercial operation. During the implementation of the project, the structure and business needs of the organization, legislative regulation may change. The original solution architecture will require major refinements, and the process will be further delayed.

Diasoft offers a fundamentally different, more efficient approach to implementing the Accounting Engine.

You need to choose one of the accounting directions, within the framework of one pilot unit or branch. These can be salaries, accounting for goods and services, other areas. Next, you need to implement products as part of the Digital Q.Acounting development platform to create a pipeline in the selected area: automating data extraction, data conversion, and reporting. The pilot project will take 2-3 months, after which it can be replicated to all divisions. Then you can select a different accounting direction and repeat the process. Automation of accounting and management reporting for individual blocks will require less time and labor compared to the classic implementation of the Accounting Engine. This approach implies a high adaptability of the solution to the changing needs of the organization, noted Boris Kalinich.

Depending on the scope and nature of the tasks, you can implement both the full Accounting Engine solution and its individual components to automate specific processes and business areas.

The latest generation of products of the Accounting Engine class is being developed in a microservice architecture on an importo-independent technology stack.

2022: Computing Toolkit Solution Presentation

On November 10, 2022, Diasoft announced that it would help banks and NFOs calculate indicators for the formation of accounting and reporting.

The calculation of complex financial indicators, such as amortized cost, effective interest rate, amortization of costs, revaluation of an asset, is necessary for the maintenance of various types of accounting - accounting, tax, management, accounting under IFRS and others.

The "Calculation Toolkit" product from Diasoft provides calculation of all indicators required for accounting and reporting of banks and non-bank financial institutions. The product is part of the Digital Q.Accounting development platform.

When undergoing audits, Bank of Russia audits and tax inspections, financial institutions must provide information on the calculation of indicators and primary documentation on the basis of which the calculation was made. Now the employee of the financial institution does not need to collect data from different product back offices, since the Calculation Toolkit product contains all the information for submission to the inspection authorities.

The Calculation Toolkit allows you to solve accounting tasks taking into account the specifics of financial transactions as soon as possible. Having collected the data necessary for calculation from product systems, the product performs calculations, then they are used by the products "Accounting Conversion" and "General Ledger" - both from Diasoft and from any other development company - to reflect the movements in accounting accounts. The microservice architecture of the Computing Instrumentation provides it with high performance and integration into any IT landscape, said Boris Kalinich, architect of the Digital Q.Accounting development platform of Diasoft.

Examples of how to use the Calculation Workbench product:

• Accounting according to several standards in a Russian bank from the top 20. For accounting under RAS and IFRS, algorithms for calculating indicators were set up in accordance with the accounting policy of the credit institution. The Calculation Workbench performs all calculations at the same time when a single product event is received. At the same time, the same indicators are calculated according to different algorithms, for example, for accounting according to RAS, actual data on coupons and depreciation of nominal value are used (relevant for mortgage bonds), and for accounting according to IFSO - forecast data.
• Revaluation of the futures option based on the selected rule for a large non-credit financial institution. Using the Calculation Tool, the futures option can be revalued both by futures quotation and by futures asset quotation.