In GE Money Bank the system of the obligatory reporting in technology of the data warehouse is created

The project on creation in Bank of a system of the obligatory reporting is complete in September, 2010. A system is constructed by Neoflex company on the Neoflex Reporting platform. At the moment in this system more than 90% of the obligatory reports provided in the Bank of Russia and also all indicators necessary for reporting according to the US GAAP standards form.

"We were faced by a major problem: transfer preparation of a broad spectrum of reports to the Neoflex Reporting platform, – Lukutina Elena, the project director of Neoflex company tells. – We are proud of the fact that today, after two years from the moment of start of the project, practically the bank prepares all obligatory reporting in the system created based on our platform".

"Thanks to implementation of Neoflex Reporting bank significantly reduced the operational risks connected with obtaining the timely and accurate reporting and also increased efficiency of the process of obtaining reports, – Liliana Uenusowa, the Director of the department of Financial Control and the Reporting notes GE Money Bank. – Reporting system allowed us to automate receiving and consolidation of necessary data from information systems of bank, their processing and reconciliation, formation of qualitative reports with detailing of indicators in all necessary cuts".

The project is implemented in two years. In 6 months after the beginning of the project the system modules providing calculation of data on the credits including for form No. 135 "Obligatory standards" are put in commercial operation. Since the beginning of 2010 in a system the most difficult reports on all activities of Bank, and since July, 2010 – reports on calculations of clients form.

Measure calculations according to the US GAAP standards were implemented in a system in parallel with automation of preparation of the obligatory reporting. In March, 2009 calculation of the turnover balance sheet is transferred to a system, in November, 2009 accounting of loans, and in August, 2010 – measure calculation on all loan portfolio of bank is automated.