Moscow hands over to City Securities the reporting in the XBRL format

2018: Automation of collecting and transfer of the reporting based on Homnet XBRL

On July 27, 2018 it became known that in Moscow City Securities LLC the project on automation of process of collecting and transfer of supervising, accounting and other business reporting based on the software solution "came to the end with HOMNET: XBRL".

Transition to a XBRL format to Moscow City Securities LLC is caused by entry into force on January 7 of the Instruction (4621-U) of the Central Bank of Russian Federation which extends to all participants of the securities market.

Cooperation between Homnet Group and Moscow City Securities LLC began with an implementation project of the solution "HOMNET:NFO". The HOMNET:NFO system allows to keep account on EPS according to OSBU, and its architecture is already ready to implementation of the XBRL format. Thus, the module XBRL implementation project became the next stage of interaction of the companies.

The solution "XOMHET:XBRL" is developed by specialists of Homnet Group based on a technology platform "1C: Enterprise" and comprises the following functionality:

• Management of Taxonomy
  • Loading
  • Storage
  • Updating

• Data collection
  • Parametrical setup of data collection from the accounting systems based on a technology platform "1C: Enterprise"
  • Data collection from any sources (XBRL-, CSV-, Excel - and XTDD files), Web service
  • User interface of data entry

• Use of data according to Taxonomy
  • Data mapping
  • Business data validation
  • Engineering inspection of data
  • Unloading of packets of the reporting

Within the project the following functions are automated: work with taxonomy of the Central Bank of the Russian Federation; data loading for the reporting in the XBRL format from the MS Excel files and the accounting system of accounting on a unified plan of accounts; verification of reporting data on rules of taxonomy of the Central Bank; formation of a packet of the reporting according to taxonomy of the Central Bank.

For July, 2018 specialists of Homnet Group give consulting support on methodical and technical issues of work with the program. The companies signed the agreement of maintenance.

The main project deliverable – in Moscow City Securities LLC the direct system of preparation of the reporting in which the staff of Investment company it is comfortable is created, meeting all requirements of the regulator, and in short terms collect and hand over the reporting, since January, 2018. Data from HOMNET:NFO are automatically pumped up in the module XOMHET:XBRL, this function allows to prepare the reporting "a one click of the button" that significantly reduces labor costs by its collecting.

2017: Implementation "Homnet: NFO 2"

In March, 2017 it became known of project finish of implementation of industry solution "to Homnet: NFO 2" in Moscow City Securities company.

Moscow City Securities LLC (2017)

Transition since 2018 of representatives of the market of professional participants of security market on the Unified plan of accounts and industry standards of accounting obliged the company to implement requirements of the Bank of Russia to the reporting in the systems.

Specialists "Moscow city securities" made the decision to perform implementation of the main parts of a system independently, with expert and consulting support Homnet Consulting.

"We stopped the choice on Homnet of consulting and its solution because expert experience of the company and functionality of the software product were the most suitable under our requirements. The proposed solution, in our opinion, is the most functional for the present day in the market of software for transition to EPS, and in terms of architecture a system is ready to a format of the reporting of XBRL, and it is very important". Oleg Litanov, chief accountant "Moscow city securities"