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Corporate SAP-based Real Estate Management System for the National Bank of Ukraine
Efficient real estate management is a crucial issue for all the Bank’s subdivisions that have in their property multiple buildings, office facilities, land parcels etc. There is a great need in getting exhaustive information on the condition of real estate items. Besides, the Bank is obliged to submit appropriate regular reports to the State Property Fund of Ukraine (SPFU). The real issue was that each of the NBU’s subdivisions had to use an SPFU-developed computer-based system to keep Real Assets accounting, while Fixed Assets accounting was performed in ERP. Due to missing integration between the two systems a report making process appeared to be complex and time-consuming.
EPAM built up and implemented a highly available SAP-based EPAM.Real Estate Management solution that met all the requirements set by the Bank. The system supports the following processes:
• quick access to the data on all real estate items;
• two perspectives of delivering information: architectural (details and technical features) and usage perspective (market-based, accounting, audit, and in-house real estate valuation);
• scaled back report making process and real estate inventory taking;
• common information environment, enabling data exchange between the EPAM.Real Estate Management solution and the ERP system;
• eliminated double entry of data in two different systems.
With the EPAM.Real Estate Management solution implemented, the Bank managed to reduce real estate management costs, to smooth workload and avoid all-out effort work during the reporting period. Less time to perform routine accounting chores and ability to process all the information in one system assisted the Bank employees in close monitoring of real estate condition and analyzing of the ongoing changes.
Customer(-s): The National Bank of Ukraine (NBU) is the central bank of Ukraine that provides financial and banking services for its country's government and commercial banking system, as well as implementing the state's monetary policy and issuing currency.
Review(-s): “The National Bank of Ukraine places great importance on transparent and credible data on all our assets, the real estate owned by the Bank and its subdivisions in particular. The EPAM.Real Estate Management solution made it possible to ensure the required transparency level and to reduce real estate management costs. Furthermore, the NBU was the first state body in Ukraine that implemented the functionality of that kind”.
Tatyana Grimova, Managing Director of Business Automation, The NBU IT Department
Technologies: SAP ERP, ABAP