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Project of configuring insurance agents' accounting and commissions calculation module completed at PROVIDNA.


Press Release, November 2009

As part of further enhancing the functionality of HRB, HR and payroll system developed by AGroup, Septima-Consulting experts have completed the project of configuring insurance agents' accounting and commissions' calculation module at SK "PROVIDNA".

SK "PROVIDNA" has the second largest network of agents in Ukraine. In 2008 alone, the number of insurance consultants increased one and a half times - 4600 insurance agents are working at the company now. The company is currently continuing agent recruitment campaign. The majority of agents are employed at the company under agency agreements (according to the Law of Ukraine "On Insurance"), the amount of their remuneration determined on the basis of sales results.

Septima-Consulting specialists had the following task: to ensure that accounting records of agents and settlements with them are carried out through HRM, HR management system, to which remuneration amounts are to be imported from INSIS, the system used by PROVIDNA as insurance business management system. After that the remuneration amounts are to be accrued for the agents (according to the requirements of the Ukrainian law) and shown in the payroll sheets or transferred to the electronic banking system. At the same time, the whole of the payment accounting process should be accompanied by the generation of respective packs of documents - orders and certificates.

In the course of the project Septima-Consulting experts have satisfied the Customer's requirements in full. The process of agents' accounting, commissions' accrual, generation of the necessary document package, data exchange with INSIS system with different recurrence was implemented through HRB tools.

According to Oleg Ostrovetskiy, the head of business support systems development department, the configuration of the new module has enabled PROVIDNA to optimize processes relating to agents' accounting.

About "PROVIDNA" insurance company

PROVIDNA Insurance Company has been operating in the insurance market of Ukraine since 1995. PROVIDNA currently has a distributed regional structure comprising 25 branches and over 430 sales centers, 25 claims settlement centers, 25 medical assistance centers around Ukraine, as well as its own Contact Center. The network of the company's agents comprises more than 4600 insurance agents.

PROVIDNA is a full-service insurance company offering over 60 compulsory and voluntary insurance products to private customers, small and medium businesses, companies of various industries, corporations, holding companies and financial groups.

The company's financials as of October 1, 2009: insurance payments - UAH 194.8 million, insurance premiums - UAH 352.2 million, insurance provisions - UAH 259.1 million, the authorized fund - UAH 238.6 million.

About Septima-Consulting

Septima-Consulting is a successful Ukrainian company focused on implementation, support and integration of comprehensive IT systems targeted at increasing business efficiency.

The priority business areas for Septima-Consulting are: distribution of internationally acclaimed financial and management systems and the services in their implementation and support, in compliance with the requirements of the Ukrainian law, as well as according to customer-specific requirements. A wide product line of the software solutions offered, in particular, the ERP system HansaWord Enterprise, the HR management system HRB and the multifunctional financial system Infor FMS SunSystems enables using the specific features of various systems to offer the most efficient solutions to our customers.

About "AGroup" Company

"AGroup" is one of the leaders in the area of HR management and automation of payroll calculation processes in Ukraine, Russia and Eastern Europe. The software developed by "AGroup" allows simplifying and upgrading these processes, enhancing the performance of the hundreds of organizations in 22 of the world's countries. The products of "AGroup" are one of the first localized solutions for payroll calculation and HR management in Ukraine, Russia and the countries of Eastern Europe. The specialization and expertise of the company's staff gained over the period of 15 years in the area of HR management and automation of payroll calculation processes have enabled attaining the top-notch professionalism.

For more information please contact:
Marketing Department of Septima-Consulting
Phone: +38 (044) 3836056
E-mail: marketing@s-c.com.ua
www.septimaconsulting.com