1C-Rarus has developed the Treasury subsystem for VTB Factoring

2023: Development of the Treasury subsystem

1C-Rarus on April 20, 2023 announced that it had developed the Treasury subsystem on the basis of 1C: Holding Management. for VTB Factoring.

Thanks to the introduction of the VTB Treasury Factoring subsystem, the efficiency of the company's Treasury function in managing the debt portfolio and its administration has increased to 30%.

Results of implementation of VTB Treasury Factoring subsystem:

• The process of entering new types of documents is automated: Loan Agreement/Loan Agreement, Tranche with checks. Contract typing minimizes errors.
• Additional functionality has been created to make adjustments to calculations. You can enter new conditions for existing transactions with automatic recalculation of repayment schedules. Duplicate data and double work of the user when creating contracts are excluded.
• It is possible to automatically calculate interest in the system by starting a scheduled task. The accuracy of calculating interest rates has been increased, the number of errors has decreased by 30%.
• Reference books have been developed for the establishment of sublimits and commission scales, dynamics of market interest indicators. The calculation of the early repayment fee has been automated.
• Timely formation of operational information on the actual execution of contracts. Reduced operational risk in terms of accounting for treasury transactions.
• Flexible analytics is set up to manage the tranche portfolio. 6 reporting forms have been created that allow you to receive the necessary information in real time.
• Information on treasury transactions was integrated with accounting data in a single accounting system. The rate of work of the staff in servicing the portfolio of borrowed funds increased by 30%.

Шаблон:Quote 'author = said Andrey Shkodin, Deputy Director, Head of the Department of Planning, Reporting and Treasury Operations of the Financial Directorate of VTB Factoring (GC).