Implementation of AS-Bank system in Export Finance UCO has been completed

   On December 1st, 2015 implementation of AS-Bank system in Export Finance UCO was completed. The following subsystems have been implemented:

  • Accounting
  • Placed loans
  • Factoring
  • Receivables
  • OLAP and reports

   Implementation  lasted about a month. AS-Bank system enables Export Finance UCO to manage credit and factoring contracts, keep accounting according to Armenian legislation and receive reports required by CB of RA.

   This was the first implementation of Factoring subsystem in credit organization. Previously the subsystem was being used only by banks.

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