PrivatBank and 1C presented exclusive cloud solution for accounting and management automation for small and medium enterprises
PrivatBank and Ukrainian partner of "1C" company have provided the bank’s customers with an affordable and easy solution for automating management and accounting of small and medium-sized businesses via the Internet – "1C: Managing a small firm in Uk
The program enables one to prepare almost all source documents for sales, inventory and cost accounting, cash flow documents; to calculate salary and manage human resources. In addition the program is integrated with "Privat24 for business" system for data exchange. Both completed and planned business operations are recorded in the cloud service.
"For the first time in Ukraine, PrivatBank customers have received a universal and easy service for real business, which enables introducing the most advanced management and accounting system without additional IT costs," – says Olexandr Nikolenko, PrivatBank Head on SME servicing. – "Full integration of this accounting system with Privat24 not only enables businesses to economise on programmers services, but also absorbs a significant part of the routine accounting".
Unlike traditional 1C, the cloud solution enables companies to save money and refuse conventional installation versions of 1C, server hardware and software, as well as services of programmers. The service is available to customers 24/7 from anywhere in the world – only Internet connection is required. Provider automatically updates and supports all applications.
The new service contains all functions of local 1C program with additional features provided by PrivatBank, including the exchange of payment documents with the bank, convenient tools for salary projects, communication with the bank and management of tax invoices for electronic VAT registration.
The program can be used to manage several companies or self-employed individuals simultaneously – both independent and working within the joint business. If a company already has 1C, PrivatBank’s customers may take advantage of the free application Privat24-1C.
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