Soft-Rating Consult and PJSC Ukrsotsbank announced that they move to the Realization Phase of the project of automation of business transactions in PJSC Ukrsotsbank with the help of SAP solutions.

Soft-Rating Consult completed the Business Blueprint phase and began the Realization Phase of SAP ERP implementation for automation of business transactions in Ukrsotsbank. The necessity of implementation of SAP ERP solutions in Ukrsotsbank was conditioned by need of management tool for business transactions of the bank, which has geographically distributed structure, where few different business-systems work separately.

During the Business Blueprint phase such works were conducted: the inventory of all business processes of business transactions, the re-engineering of certain processes and their harmonization with SAP ERP standards; principles of accounting were developed and specified; a decision on the rules of reference data was worked out; specifications of interfaces with different systems used in the bank were developed. As a result of the Business Blueprint, in PJSC Ukrsotsbank for automation of business transactions data prosessing design and requirements definition were developed. Since SAP ERP is the integration platform, it will allow through interfaces to create a common landscape of business systems of the bank. According to the project, SAP ERP is integrated into a single information space with such systems as ODB (FlexCube), General Ledger (NewProfix), budgeting (Hyperion), etc.

Under this project, the functional is an important component of SAP ERP, it provides Asset Management. And this is rather difficult task in a large geographically distributed bank. This component will transparently monitor the status of property - buildings, facilities, fixed assets, and manage their investment functionality.

"Implementation of SAP ERP will provide for Ukrsotsbank a number of advantages in managing their business transactions. The system aims to automate existing business processes that will create a common information space, the base for realization of management centralization within the bank's network across the country, - said Yuri Tishchenko, project manager of PJSC Ukrsotsbank. - Good experience of Soft-Rating Consult in successful implementation of the project (which was in many aspects similar to the project in Ukrsotsbank) in the National Bank of Ukraine contributed to high-quality implementation of the Business Blueprint, as well as reducing of its risks”
“Almost all the top management of Ukrsotsbank took part in the Business Blueprint. The owners (UniCredit Group) are interested in the project's success - in many parts of the Group all over the world SAP solutions are used. While working on Business Blueprint, we also interacted with Munich branch of UniCredit Group, they provided corporate standards for the company. All this, as well as numerous meetings and conferences, video conferences, gave us considerable assistance in carrying out the work" - said commercial director of Soft-Rating Consult Olga Belyachenko, Project Manager of SAP ERP implementation in Ukrsotsbank.

Nowadays the project moved to the Technical Phase of its implementation, and productive operation of it is planned in early 2011.

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