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The project of HRB HR and Timesheet modules implementation, as well as migration to the new version HRB 3.7. completed successfully at the international Renaissance Foundation (IRF).

Press Release, June 2010

The consultants of Septima-Consulting successfully completed the project at the international foundation Renaissance, within the scope of which HRB HR and Timesheet modules were implemented, and migration RBPayroll 2.2b version (one of the first versions of the system) to the new version - HRB 3.7 (developed by AGroup) was carried out.

The international Renaissance foundation has been using HRB information system to calculate payroll for more than 10 years. In early 2010 the management of IRF took the decision to extend the system capabilities through implementing HR and Timesheet modules and migration of data to the new version HRB 3.7.

In March 2010 the International Renaissance Foundation entered into the licensing, maintenance and support agreement with Septima-Consulting. In the framework of the agreement, apart from migrating to the new version HRB 3.7, the experts of Septima-Consulting implemented the new modules of the system, which have not been used in the Renaissance before, in particular: HR and Timesheet module. The implementation of new HRB modules enabled maintaining staff records within a single system, taking corporate and local requirements into account. Apart from this, a new option was implemented in the frames of Payroll module: cost allocation to projects, which is especially relevant for the companies implementing multiple various projects with numerous freelancers involved.

Owing to the synergy of the management, technical experts, accounting and HR service of the International Renaissance Foundation and the consultants of Septima-Consulting, the project was implemented within 1 month. As of now, the system has been put into commercial operations.

In addition to that, according to a signed agreement, Septima-Consulting provides to Renaissance legislative support of the system as regards maintaining HR and payroll records according to the laws of Ukraine.

HRB 3.7 by "AGroup" has extended functionality in the area of managing organization setup and staff list, administrating data access, improved user interface and a number of technological improvements.

About International Renaissance Foundation

International Renaissance Foundation (IRF) was founded in April 1990. It is part of the network of Open Society Institute foundations founded by George Soros, which consists of national and regional funds in over thirty of the world's countries, including Africa, Central and Eastern Europe, and the territory of the former Soviet Union.

The mission of the International Renaissance Foundation is to contribute to the development of an open democratic society in Ukraine through financial and organizational means, supporting public initiatives important for its evolvement.

About Septima-Consulting Company

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 HR management system HRB, the multifunctional financial system Infor FMS SunSystems and the ERP system HansaWord Enterprise enables to use the specific features of various systems to offer the most efficient solutions to our customers.

HRB solutions are currently used by more than 500 companies, in particular: the State Bank of Ukraine "Ukreksimbank", the People's Bank of Kazakhstan, the International Bank of Azerbaijan, "Capital" Bank, "Standard" Bank, Moscow Bank, Deutche Bank (Russia), Rietumu Bank, Hipoteku un Zeme, the State Insurance Agency of the Latvian Republic, Sun Interbrew Russia, Sun Interbrew Ukraine, SladCo, Unilever CIS, DHL CIS, Philip Morris CIS and other companies.

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 modernizing 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 highest level of professionalism.

For more information please contact:
Marketing Department of Septima-Consulting
Phone: +38 (044) 383-6056
E-mail: marketing@septimaconsulting.com
www.septimaconsulting.com