Addressing an audience of Kazakhstan bank representatives, Colvir experts have discussed upgrades made to the Human Resource, Payroll, Contract Management and Fixed Assets modules
During the summer, when bank employees typically have more time available for education and self-development, Colvir continued its webinar series focused on Colvir Core Banking System upgrades. While the first webinars were focused on the Human Resource module functionality, the next four were used by Colvir speakers to discuss new features of the Payroll, Contract Management and Fixed Assets modules.
We used a number of webinars to present new developments in the employee payroll calculation mechanism. New operations have been added to the module: re-computation of accruals and deductions for a past period, automatic sending of password-protected pay stubs to employee e-mail addresses, and a lot more. The existing functionality has also been enhanced with some new important features: automatic accrual and deduction computation leveraging the employee record, instead of such computation using ratios and manual verification; re-computation of accruals and deductions for past periods in the event of changes in taxation or any arbitrary calculation parameters; extended periodic deduction functionality; new sick leave accounting functionality with automatic computation support in the Payroll module.
Anastasia Zhuikova
Colvir ERP Product Expert
On top of that, Contract Management module webinar speakers presented new functionality to support fixed asset financial leasing contracts, as well as Fixed Assets sale contracts leveraging deferred payments.
Colvir have implemented in their latest upgrades support of financial leasing contracts as per the IFRS 16 standard, as well as contracts to be used for the sale of Fixed Assets and non-current assets with payment deferral and amount discounting. As a speaker at all the 7 webinars focusing on Colvir ERP upgrades, I would like to note the high level of customer interest in the new functionality of our products. In the course of webinars the participants had an opportunity to see the upgrades live in the system, ask questions of interest to them and take part in the discussion. Taking into account the fact that the webinar demonstration format was for us a new customer engagement method, it is quite encouraging to note the high degree of attention, interest and involvement shown by our customers in the course of discussions, as well as the relevance of questions that they asked. Some of the banks have already expressed their interest in implementing the presented upgrades, and we are very pleased to note Colvir product upgrades are sought after by our customers. In September 2022 we will present in webinar format to banking professionals further upgrades: please visit, register and be the first to learn about functionality upgrades.
Alexey Soluyanov
Colvir Software Solutions Presale Manager
A number of upgrades have also been implemented in the Fixed Assets (FA) module: list import is now supported from an Excel file to a bulk processing document, FA stock taking for off-system accounting has been implemented, as well as FA upgrading using inventory that have been booked to stock, FA insurance contract details have been added to the FA record.
In the same way as with the emergence of the Civil Law Contracts module, we initiated Fixed Assets module upgrades at banks’ request. For example, we learned about a problem experienced by an Uzbekistan bank that periodically had to pay penalties because of lapsed vehicle insurance contracts just because drivers and responsible persons overlooked to roll the contracts over on time. We then added functionality that automatically checks availability of an active insurance contract (to this end a facility has been added to the relevant inventory record for entering insurance contract details: insurance company name, policy validity period, insured amount, insurance premium) and notifies the responsible person in advance of the imminent contract expiry.
Alexander Gorbus
Colvir Software Solutions Business Analyst
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