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Microsoft Dynamics NAV for Non-credit Financial Institutions
Phase: Finished

Microsoft Dynamics NAV for Non-credit Financial Institutions

Vendor verified

Additional information

The project has been delivered on schedule
The budget has not been exceeded
Functionality complies with task

Implementation details

Проблемы Problem Solving
  • Decentralized IT systems
  • No automated business processes
Проблемы Business Objectives
  • Reduce Costs
  • Support Decision Making
  • Ensure Compliance
  • Generate Business Reports
  • Support Financial Management

About Product

Consyst Business Group" has developed an accounting system on the industry standards of the accounting system based on Microsoft Dynamics NAV for non-state pension funds, insurance companies and other non-credit financial institutions.

The solution “Consyst: accounting on the industry standards of the accounting system in the Non-credit Financial Institutions on the basis of Microsoft Dynamics NAV” allows you to automate the process of accounting under the new industry standards of the accounting system, of the generation of accounting and supervisory reporting, as well as to conduct tax accounting and the generation of tax reports. Above that the solution can connect the budgeting module, which allows you to automate the processes of budgeting, treasury and the management reporting.

For the purpose of creating of a complete set of reporting – accounting, supervisory and tax – a mechanism of data downloading from the related systems is implemented in the solution, such as: personalized accounting systems, management company systems, special depository. The solution provides the data uploading in the international standardized business reporting format XBRL, which will become an obligatory standard for reporting for the majority of non-credit financial institutions from January 1, 2018.

Vladimir Tarasenko, CEO Deputy Consyst, Business Group

“The solution will help many companies to proceed to the new standards in accordance with the requirements of the Bank of Russia within the given timeframe. We sincerely appreciate our customers who were the first to implement the solution and are already using it successfully. The Consyst Business Group team of experts and consultants together with our clients has done a great job, as a result of which an up-to-date technological solution which meets the current business requirements has been developed.”

The solution has been registered in the corporation Microsoft and is already used in several large Russian companies, including the non-state pension fund NPF Almaznaya Osen, and others.

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