Rapid development of retail business and investment fund improvement have become the major trend of the recent years for banks as well as for insurance companies, investment funds and other financial organizations.

This trend sets quite definite business goals: development of the branch network (the one closest to the client is the winner), reduction of costs for client acquisition and servicing, more effective risk management and service portfolio management, including management of bank management general fund, trust management and unit investment funds, which are gaining momentum. In other words, the financial sector of Russia and CIS countries switches from servicing the interests of individual major clients to a more productive business model adopted in developed countries. This has already resulted in considerable growth of interest of financial organizations to related information and management technologies.

In particular, tasks in HR management are extremely important for large multidivisional retail-oriented financial companies: creation of efficient motivation system conforming to business goals, unification of personnel records and a number of other tasks. Combined with HR management automation, including payroll accounting as well as the processes of personnel rating and training, it yields real economic result. Having unique expertise in the area of HR management automation and HR consulting, Borlas Consulting Group is dynamically developing expertise in the financial sector. Such leading financial organizations as JSCB AKB Rosbank, JSC Vneshtorgbank Retail and IFD Capital have already become our clients.

Since most multidivisional banks and insurance companies were established by way of mergers of independent financial structures, developed in IT area, the task of integrating heterogeneous IT systems into common information environment (for organization of through business processes of the enterprise) is quite actual. Borlas Consulting Group has experience in resolving similar tasks, using Oracle and IBM integration products and technologies, as well as a number of its own solutions.

In the field of financial resources accounting and management Borlas Consulting Group has developed Borlas Banking Business Solution, allowing the banks, bank management general funds, unit investment funds and investment and broker companies to effect in on-line monitoring of liquidity, solvency, norms and limits, to organize complex registration of operations at the currency and stock markets, including tax registration, to have an opportunity to assess efficiency of investment into financial tools, to registrate resources and financial results of the divisions of financial organization.

Based on the experience accumulated in the course of projects implementation at OSAO Russia, JSC Capital Insurance and OIJSC Ingosstrakh, we have elaborated an insurance company management system — Borlas Insurance. The advantages of the system lie in the possibility of quick connection of POP, representative offices and branches to the common information environment; ready solutions for all the trends of insurance business and possibility of integration with CRM, financial, analytical ad other special-purpose solutions.

In order to reduce the cost value of service rendering, IT solutions allowing to render various remote services available to the staff and clients outside the office of financial organizations are essential to these financial organizations. Borlas mobile solutions include Mobile insurance agent, Mobile portal, Mobile office. In particular, Mobile office solution is applied at the National Trust bank.