Investment Company "Russ-Invest" has implemented "Homnet: XBRL" for reporting in XBRL format

2022

Implementation of "Homnet: XBRL"

IC Russ-Invest assessed the results of the implementation of the Homnet: XBRL program, which was carried out in conjunction with the Homnet: NFO accounting system. Together, these solutions greatly simplify the XBRL reporting process. This was announced on July 22, 2022 by representatives of the Khomnet Group of Companies.

Automation was built in several small stages:

• Installation of the solution on the customer's servers;
• Initial setup;
• Setting up the loading of data from the accounting system "Homnet: NFO."

At the same time, training was conducted for employees of the accounting department of IC "Russ-Invest," organized by the project executor. Including Russ-Invest, comprehensive consulting support was provided in the preparation of the first supervisory, statistical and accounting (financial) statements in the XBRL format from the implemented system for the first quarter of 2022. The reporting successfully passed the inspection of the regulatory body, after which the system was transferred to IC Russ-Invest for commercial operation and put into support of the Khomnet Group of Companies.

As a result of the implementation of Homnet: XBRL, such functions as loading taxonomy, loading data from the accounting system and Excel files, data validation according to the rules of the Central Bank's taxonomy, technological data verification, and the formation of a reporting package according to the Central Bank's taxonomy were automated.

Automation based on Homnet: XBRL allowed Russ-Invest to manage the XBRL reporting stage. With insignificant labor costs, data is collected from different sources, passed automatic verification and promptly formed into a ready-to-submit Bank of Russia file report.

Especially in the Group of Companies "Homnet" noted the possibility of rounding reporting indicators and uploading it to Word format, which facilitates the preparation of reports for publication.

Transfer of accounting to Homnet: NFO

IC "RUSS-IVEST" transferred accounting to EPU from the old program with insufficient functionality to "Homnet: NFO." Homnet Consulting announced this on June 30, 2022.

In connection with the production necessity of PJSC "IC RUSS-INVEST," a decision was made to introduce software that allows keeping records in accordance with industry standards for the Central Bank of Russia. The prerequisites for the project were the insufficient functionality of the program used. The software product Homnet: NFO was chosen as the implemented accounting system.

From the official review of the IC "RUSS-IVEST" about the completed project of the Group of Companies "Homnet" it follows: The choice of the integrator in favor of the Homnet Group of Companies was based primarily on his well-deserved excellent reputation and high professionalism of employees, which is confirmed by the feedback of the company's clients. In addition, the fact that the company has a well-established plan for switching to other software, which provides for a phased implementation model with the active joint work of employees of PJSC IK RUSS-IVEST and specialists of the Khomnet Group of Companies, turned out to be important.

The main current business needs of PJSC "IC RUSS-IVEST" were realized on the basis of an integrated solution consisting of the financial program "Homnet: NFO" and the module "Homnet: XBRL."