Transcreditbank (Intersoft: Budget of household expenses)

This project became the next step in cooperation of developer company and one of the financial credit institutions, largest in Russia.

The first stage of the project

In 2002 the foundation was laid for creation in bank of a business performance management system on the basis of the solution "Circuit Corporation". Within the original project specialists of Bank and Intersoft Lab "built" the uniform financial data warehouse based on which budget management, asset-liability management, were automated by bank liquidity. The set of managerial reports was developed for top managers of bank.

The second stage

Creation of a full-function VRM-system continued in 2006: transfer resource management was automated.

For the solution of a problem of automation of planning and control of household expenses, specialists of Intersoft Lab delivered the drawing Application 'Budget of Household Expenses' implemented on the basis of the data warehouse Circuit of Corporation. Setup of tools of functionality was performed by specialists of Intersoft Lab according to requirements of credit institution. Works on installation and a software setup in 60 workplaces took a little more than three months.

A system allowed to automate and control all 'lifecycle' of the estimate of household expenses and capital investments.

Work with a system begins with planning of limits of items of expenditure which approve by Board of Directors. Data on limits by divisions and budget items are entered by specialists of smetoobrazuyushchy divisions directly into a system. Correction of limits by smetoobrazuyushchy and responsible divisions is quarterly made.

Daily responsible divisions enter requests for payments into a system. The entered request undergoes automatic testing for compliance to the set planned limits. The checked requests are accepted directly in a system. Further requests come to the core banking system of bank where postings on accounts are executed. Data on payment (about the actual execution of the estimate) come to storage Circuit of Corporation. Then the responsible of planned service analyzes the acquired information and in system interfaces establishes connection (kvitut) between the entered requests and the actual postings. Thus, employees of the bank obtain actual data of accomplishment of the estimate for preparation "plan fact' of reports and control of execution of the estimate.

Information consolidated in financial storage is used by top managers for formation of the estimate under the articles in general on bank for a certain period and estimates on target projects for the period. Reports for "plan fact' of the analysis of execution of the estimate, assessment of discrepancies of the actual and planned measure values and determination of execution in percentage expression are issued.

Result

As a result of project implementation all users of a system work with budget data in real time that allowed to lower labor costs of planned service and the providing divisions, to achieve bigger efficiency at cost control and to increase detail of budget plans. Responsible divisions had an opportunity to quickly approve plans and requests in uniform base. The staff of branches can see in what status there are their requests. It allows to increase quality and efficiency of specialists. Management of bank have an opportunity in detail to analyze and control costs that increases quality of planning and accounting. And the management of credit institution has the relevant and broad picture of a status of costs at the order.

The implemented solution for automation of budgeting of household expenses became a part of an end-to-end system of budgeting of bank and expanded functionality of the VRM-system "Circuit' operating in Transcreditbank.