Intersoft Lab: Budget of household expenses

The Budget of Household Expenses application allows is centralized to manage expenses of the organizations with the distributed structure of branches and retail networks, helps to optimize expenses and to increase process performance of budgeting, including to reduce terms and labor costs on planning, to cut down the staff of the specialists participating in budgeting, to reduce paper document flow and to accelerate preparation of the budget reporting.

2017: Unified register of the Russian software

The Budget of Household Expenses application is included by the decision of expert advice of the Ministry of Telecom and Mass Communications of the Russian Federation in the unified register of the Russian software. Management companies and the companies of any industries (finance, energy industry, medicine, science, production and so forth) for planning of administrative expenses, operating control of payments and target use of the budget will be able to use the application.

2016: Mobile budget control

On November 21, 2016 the Intersoft Lab company announced release of the Budget of Household Expenses application with the mobile client for control of payments.

The technological solution helps to check payments, not exceeding of the budget and target use of means using phone, to make the decision on their execution.

The release of the Budget of Household Expenses application with the mobile client for budget control will help to plan and keep the actual account of the economic estimate, to quickly control payments, as in workplaces in corporate network, and far off by means of phones, smartphones, tablets. Being out of office, in the presence of access in internet, the specialist of bank can quickly obtain information on the payments requiring approval, to check whether exceeds payment of planned limits of expenses, to accept or deny payment. The application supports platforms iOS and Android.

Top managers are people who perform many functions and are always very busy when it is necessary to make the urgent decision on payment can be, for example, at negotiations or in a business trip. Therefore for them we offer mobile application for operating budget control. Having mobile access to a budgeting system, other specialists of bank should not delegate the functions or to postpone important and due payments. To check and accept payment, it is only enough to press the necessary button on the phone. Valery Chausov, managing partner of Intersoft Lab

2013: Budget of household expenses

The application allows to create systems for cost management of bank of any scale, including geographically distributed, international banks or holdings.

It is supported:

• Collective planning and approval of the estimate. The technology of annual planning with quarterly adjustments is applied. A system will support the planning model accepted in bank, for example, model "from below-up" or "from top to down".
• Operating control of economic payments. A system controls and prevents commission of economic payments over the planned limits. A system automates approval of expenses using electronic document management.
• Accounting of the actual budget implementation, on the basis of data on the effected payments arriving from the systems of accounting. Integration into the core banking system allows to implement the uniform automated process of management of costs: from planning of household expenses before their reflection in accounting and management accounting.
• Release the plan fact of reports for the analysis of execution of the estimate.

It is provided to participants of budget process:

the web application and Excel templates for remote work; electronic document management system for review expenses; functions for ergonomics of jobs: templates of the accelerated data entry, the electronic digital signature for vising of documents, the system of notifications, etc.

So far 88% of large Russian banks do not perform application campaigns for planning of the estimate AHR in the automated mode

One of important methods of increase in marginality of banking products and services – economy of the administrative expenses necessary for ensuring life activity of bank.

The Russian financial and credit structures gradually realize need of automation of all cycle of economic budgeting. And specialized IT solutions for support of estimate planning and control are for this purpose necessary. Nevertheless the most part of domestic banks, including large, did not refuse established practices of use of tables of Excel for holding a procedure of budgeting yet. But as there were these tables, their opportunities on implementation of full collective planning of the budget are not enough.

Excel is not intended for collective work of users, and planning without it is impossible today. In spreadsheets there are no mechanisms of differentiation of access rights. Besides, consolidation of separate budgets of the consuming services in the summary document of smetoobrazuyushchy division should be executed manually therefore errors are almost inevitable here, and effects are unpredictable. It is impossible to implement, using Excel, and a so-called "application campaign". At its carrying out preparation of the budget of bank is conducted on the basis of the requests arriving from the consuming divisions. In these requests very in details, literally at the level of separate positions ("Such stationery" or Monitor for a certain user) requirements of divisions and employees of a funds expenditure are documented. Practically all departments, departments and services of credit institution are involved in planning process, and it is frequent – up to the specific employee. IT support of application campaigns in bank it is capable to provide only the specialized systems supporting document flow of budget requests, their multilevel consolidation in budgets consuming / smetoobrazuyushchikh divisions, automatic check on compliance to limits of items of expenditure.

According to Intersoft Lab, the made external suppliers, a little more tenth part of large banks (12%) gave to the IT applications today specialized for budgeting preference. It is about those credit institutions which assets exceed 30 billion rubles, – on classification of the agency "RBC. Rating" they enter in Top-150. The vast majority of large banks (over 80%) which successfully implemented IT projects of budgeting selected the technology partner Intersoft Lab company. Among them: Russky Standart Bank Ltd, JSC JSB EVROFINANCE MOSNARBANK, Levoberezhny (JSC) Bank, JSC Interregional Commercial Bank of Development of Communication and Information Science (Sviaz-Bank), Ltd JSB National Clearing Centre (subsidiary company of the Moscow Exchange Group), JSB Novikombank, JSC OTP Bank, JSC SKB of Primorye Primsotsbank, CB RMB Ltd, JSB Transkapitalbank.