SME BANK COMPLETES IT TRANSFORMATION OF ITS ACCOUNTING SYSTEMS WITH DIASOFT’S ERP SOLUTION

May 17, 2021

Diasoft and SME Bank, a Russian bank for support of small and medium-sized enterprises, have successfully implemented a large-scale project for automation of the Bank’s budgeting business processes based on Diasoft’s Digital Q ERP Solutions. With the new solution, SME Bank has completed IT transformation of its business accounting systems.

In the result of the project, SME Bank obtained a modern IT solution customized to its specific internal budgeting, planning and control processes. The new solution allowed the Bank to support bottom-up budgeting, creation of the consolidated budget plan, control of payments against the budget, and correction of cost estimates. Diasoft also integrated the new solution with a range of other systems that had been implemented at the Bank earlier: the contract management solution, the asset management system and the solution for management of settlements with financially liable persons.

Significantly, due to the project, SME Bank has completed its migration to a single business operations management platform which will allow the Bank to eliminate the paper-based workflow.

“During the project, we managed to overcome difficulties caused by the lack of direct contact with the Customer due to remote work and successfully implemented a large amount of functionality. We completed the project within the required time frame, without any loss in the quality of product or works”, commented Mikhail Lebedev, Director for Business Operations and HR Management Solutions at Diasoft.