SME BANK IMPLEMENTED DIASOFT DIGITAL Q.REPORTING TO EFFECTIVELY SUPPORT ITS REGULATORY REPORTING
July 27, 2021
Diasoft and SME Bank, a Russian bank for support of small and medium-sized enterprises, have successfully implemented a large-scale project for full automation of the Bank’s regulatory reporting based on Diasoft’s Digital Q.Reporting platform.
Due to the heterogeneous IT architecture of SME Bank, reporting for the Bank of Russia required collection of data from several systems. With implementation of new and more complex regulatory requirements, generation of reports involved more and more resources, and the processes urgently needed automation.
SME Bank has been using Diasoft’s accounting system since 2017. Based on the successful cooperation with the vendor, the Bank selected it for automation of its reporting business processes. The project included integration of the new reporting system with the Bank’s product management solutions, implementation of the data quality management system and creation of a data warehouse for generation of regulatory reports for the Bank of Russia.
“In the result of the project, we obtained a modern system that streamlines such an important process of any bank as timely preparation and submission of accurate reports for the Bank of Russia. Significantly, we have built an effective reporting process that requires a minimal labor input. With Diasoft’s extended support services, we file our regulatory reports on time or even ahead of schedule”, commented Vladislav Martynov, Director of the IT Department, SME Bank.
SME Bank has planned further development of Digital Q.Reporting and is going to implement new reporting forms based on the same platform.