04 Jun 2013

FIDOBANK goes live with a complex of ISMA (Internal Subsystem Managerial Accounting) and BTR (Balance of Transfer Resources) modules.

CS has deployed management reporting automated generation in FIDOBANK for the efficient extract of data necessary for the management decision-making. The complex increases the bank operating efficiency and income of bank products.
Bank business analysis, income estimation and development forecast, including for separate financial tools and products, are essential terms for the bank to make decisions on performing bank or executive operations.
In the ever-developing banking environment the quantity of transactions is constantly increasing. Meanwhile there is no opportunity to define a level of profit and loss (P&L) for a certain product using common accounting reports. In such a case there arises a requirement to run automated the extracting of data urgent for management decision-making.

For the last years some of the banks in Ukraine have started deploying software models providing a complex approach for implementing the concept of profitability estimation by branches, products, customers, and therefore budgeting based on the comprehensive analysis.
The implementation of the management reporting complex allowed to speed-up extracting data on direct and transfer income and costs by financial responsibility centres, products, customer segments, customers, financial tools, cards processing devices, etc. in FIDOBANK.

Within the project there have been implemented qualitatively new algorithms for the reporting management, i.e. in order to obtain transfer results there has been applied a range of the state-of-the-art algorithms in automated identification of transfer resources; in order to allocate direct income and costs there have been designed APIs for management data exchange between systems, including external ones – TransMaster software for card accounting and Profix Suite HRM and Payroll system.


Yurii Yurchenko, Project Manager

“The implementation has been completed successfully due to the established relations and cooperation of CS team and the bank financial department experts, who use the reporting information of the deployed modules the most often.”

ISMA – Internal Subsystem Managerial Accounting

The Management Accounting Subsystem (ISMA) enables the bank to extract information about income, direct and indirect costs by aspects (branches, responsibility centres, customers, etc.) for a certain period. For data extracting the method of the direct allocation of income and costs and the sequential step-by-step method of indirect costs allocation are used. For the detailed analysis of income/costs management accounting reports can be generated (based on Microsoft Excel tables).

BTR – Balance of Transfer Resources
The subsystem enables to get transfer income and costs calculated for each account aka a transfer resource, by aspects (branches, responsibility centres, products, customers, managers, etc.).

The subsystem is based on the transactional model, which calculates transfer income and costs using the daily management balance data and the subsystem settings. By means of financial and mathematic algorithms the subsystem automatically detects events occurring to resource accounts (delay, prolongation, adjusting entry, etc.) and renders them correctly while calculating transfer results. For the detailed analysis of the subsystem calculating results the expanded reports can be generated (based on Microsoft Excel tables).

About FIDOBANK

FIDOBANK PJSC was founded in October, 1991 (Agio bank till 2004, then SEB bank). In June, 2012 after SEB had been acquired by the group of companies owned by Alexander Adarich, it was renamed into FIDOBANK. In December 2012 Erste Bank was acquired by this group of companies as well and it is to be merged into FIDOBANK in 2013.
FIDOBANK provides a full range of banking services for individual and legal persons. As of 01.04.2013 its regulatory capital was UAH 1063 mil, assets was UAH 5565,9 mil, business entities’ deposits was UAH 1795,6 mil, individuals’ deposits was UAH 708,9 mil, credit portfolio was UAH 1621,2 mil and the financial result was UAH 8,15 mil. The bank operates 51 branches servicing 759 corporate customers, more than 98,6 thousand of retail customers and 22,7 thousand SME.