ProgramBank. Management of Expenses

2022: Presentation of the solution ProgramBank. Management of Expenses "

On December 28, 2022, ProgramBank presented an IT solution that will automate budgeting and accounting of material resources in managing bank expenses as a single business process.

Management of expenses in many domestic banks continues to remain outside the framework of digital transformation, which negatively affects the overall level of operational risks of the bank, in particular, due to the increased influence of the human factor. The task is to build a single automated business process from a set of disparate processes.

In 2022, based on the decisions of ProgBankBusinessAnalysis and the Material Accounting loop of the ProgBankABS banking system in the micro-financial company Mig Credit, it was possible to overcome this challenge by automating the task of managing expenses. Based on the experience gained in the product range "ProgramBank" a solution has appeared. ProgramBank Management of Expenses. " It allows you to comprehensively solve the most important problems of customers:

• All elements of the budgeting business process in different departments are seamlessly integrated with each other, and a two-way connection of the solution with external services is established: payment services, billing systems, payroll system, etc.
• The transition from periodic calculation and control over the implementation of certain quarterly (annual) plans to a dynamic change in the digital indicators of the business process, correcting current deviations from the planned indicators without affecting the human factor.
• The logic of including each consumption in the business process changes: the agreed budget → the request for consumption → the approval of → request for payment → reflected in accounting + reflected in budget execution.

The solution "ProgramBank. Management of Expenses" includes two circuits: management, as well as operational and accounting.

In the first, a budget is formed and its implementation is monitored.

The second circuit allows to perform:

• Relationship between management and accounting accounting loops.
• Registration of fixed assets, transfer from capital investments.
• Working with fixed assets, transferring fixed assets between divisions, calculating depreciation, write-off.
• Reporting on fixed assets.
• Accounting of labor subjects (formerly IBE).
• Inventory accounting.
• Maintenance of primary documentation on expenses accounting.

Thus, as a result of using the proposed solution, it is possible to achieve the unity of planning and accounting, continuity of accounting, as well as control over departments and offices in terms of cost management, concluded in "ProgramBank."