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Diasoft automated supplier contracts accounting at FUNDSERVICEBANK

Friday, July 26, 2013

Diasoft, a global provider of cutting-edge financial software solutions for front-to-back automation of financial services, has successfully automated supplier contracts accounting process of FundServiceBank.

Having worked with Diasoft on a number of projects, resulting in exceeded expectations, the bank`s management was confident in its choice of software solutions partner. To realize a new project for the automation of supplier contracts accounting, FundServiceBank embarked on the implementation of Diasoft`s solution based on FA# Balance system, which is actively used in the processes of Human Resources, salary and material values accounting.

The project was launched in production ahead of the schedule, on October 2012, and provided FundServiceBank with a comprehensive toolkit for supplier contracts management. Today Diasoft’s solution, implemented at FundServiceBank, automates scheduling of supplier relations, supports document management & reporting functions, and ensures the increase of control over internal business processes of the bank.

Diasoft experts did their best to meet the highest expectations of the customer. FundServiceBank management emphasized that during the project delivery phase Diasoft`s team demonstrated its professionalism, exceptional organizational and management skills, its strong commitment and high level of responsibility. Quick and effective decision-making and constructive interaction with the bank`s business units have ensured the expected result - successful completion of the project implementation.

The functionality of delivered system fully covers all processes associated with management of supplier contracts. The use of Diasoft`s accounting software enabled the bank to better plan deferred expenses, streamline all reporting processes, improve interaction with suppliers, raise the efficiency of contract management processes, and helps FundServiceBank to reach higher financial results.

“We are looking forward for our continuing cooperation with Diasoft – starting from support of implemented solutions up to initiation of the new joint projects for automation of the other bank`s processes” - Alexander Rozhkov, VP, FundServiceBank.

About FundServiceBank:

FundServiceBank, a subsidiary of the STK Soyuz group, is an open joint-stock bank, specializing in trade and export financing, risk management, corporate and retail banking. With the main focus on aerospace and defense industry, the bank provides lending services for the local manufacturers of high-technology products to modernize their technologies and stimulate R&D activities.

FundServiceBank is ranked among Top100 growing banks by Forbes Magazine and has a stable financial viability according to the International Ranking Agency Moody`s.