Otkritie Bank has introduced a tax monitoring showcase based on the domestic software of the Digital Economy League

2022: Introduction of a tax monitoring window based on domestic software "Digital Economy League"

Otkritie Bank announced on March 29, 2023 that it had introduced the Tax Monitoring Showcase. The project allowed Otkritie Bank to establish interaction with the Federal Tax Service of Russia in digital format on the basis of domestic software of the Digital Economy League.

The tax monitoring showcase was introduced in the bank in agreement with the Federal Tax Service. As a result, an automatic exchange of information with the Federal Tax Service was established, it was possible to fix the tax position on potential controversial issues through the mechanism of motivated opinion, the disclosure of tax reports from the return to the level of statements with all the necessary control procedures was implemented. It is planned to connect the Showcase to the system of the Federal Tax Service AIS "Tax-3."

The peculiarities of the project include the fact that accounting data enter the Vitrina in synchronous mode from the corporate storage existing in the bank - this approach made it possible to significantly reduce the requirements for the Vitrina infrastructure, simplify integration flows and use additional control procedures for data verification.

The technological basis of the project was the boxed solution of the Digital Economy League. The solution provides all the necessary functionality for the entry of organizations into the tax monitoring regime, including integration with the Tax-3 AIS. Within the framework of the project, the solution was deployed and adapted, accounting data loading processes were set up, the software was documented, modified to meet the requirements of the bank and the implementation of reconciliation accounting reports.

The transition to the tax monitoring mode offered by the Federal Tax Service for Russian companies was part of the strategic work of Otkritie Bank to digitalize business processes. To ensure technological sovereignty, the project was implemented on the basis of Russian software. The Digital Economy League tax monitoring showcase fully complies with the requirements of the Federal Tax Service and has proven itself well in the financial sector. The implementation of the project made it possible to eliminate tax risks and reduce the cost of accompanying inspections, told Oksana Anokhina, Senior Vice President, Chief Accountant - Director of the Accounting and Reporting Department of Otkritie Bank.

This project is very important for the company. One of the major banks countries chose the company's product to solve the strategic task. The League aims to develop the product in a number of areas: legislative changes, expansion and improvement of the system based on customer requests, adding functionality and modules to improve the user experience and updated capabilities of the Showcase. Speaking about the project, the company thanks colleagues and notes the well-coordinated work of all the teams involved: employees of the tax direction, blocks IT and, information security the implementation team. The League supports the implemented solution at the user level, as well as at the vendor level. The creation of the Showcase for Otkritie Bank is a useful experience that will help develop expertise within the company and will help promote software on, market emphasized Mikhail Svintsitsky, Director of Tax Monitoring of the Digital Economy League.