Public procurement notice: Contract Notice
Published: 2018-12-26
Buyer: Oschadbank
Country: UA
Contract type: Services
Procedure: Open procedure
CPV classification: 48000000
Submission deadline: 2019-03-05

Technical requirements: Clarifications: Check Regularly for clarifications. Clarifications will be provided as updates to the procurement notice and the Request for Proposals package.
Public Joint-Stock Company “State Savings Bank of Ukraine” (Oschadbank or OB) is the leading Ukrainian bank with the largest network of branch offices consisting of more than
3 000 operational offices in 23 regional administrations. Oschadbank is a universal banking institution that offers a wide choice of financial products and services in Ukraine, including retail and corporate banking services, money transfers in national and foreign currencies, exchange transactions. It provides services for major Ukrainian businesses.
The cooperation between the EBRD and OB started in 2016 to support the implementation of the “Reform of state-owned banks (SOB) strategy”, both through direct cooperation under various financing programs and through a comprehensive technical support package.
Further to OB’s “2015-2017 Oschadbank JSC Development Strategy” and the requirements of the EBRD “Roadmap of Oschadbank Transformation”, OB developed the “2018-2022 Oschadbank JSC Development Strategy”, approved by Order no 1136 passed by the Management Board on 27.12.2017 and by Decree no 112-р passed by the Ukrainian Cabinet of Ministers on 21.2.2018.
One of the key priorities of OB’s strategic transformation is the development of a management accounting and information system. OB currently applies methodology for determining segment profitability using transfer prices, which needs to be improved and automated. OB’s aim is to build a modern automated management accounting system that will ensure increased effectiveness of managing OB’s profitability in general and for business units (responsibilities centers, segments, products, etc.) in particular, which will contribute to the implementation of the strategy and the growth of OB’s value for the shareholder. In order to achieve the above, OB intends to take the following steps to implement a management accounting system:
— OB approval of the concept of the management accounting system (business model/business units/financial and organisational structure),
— implementation of the transfer pricing system (methodology/technical design/reporting/automation/pilot),
— implementation of the cost distribution system (methodology/technical design/reporting/automation/pilot),
— assessment of the profitability of business units (methodology/technical design/reporting/automation/pilot),
The design of an automated management accounting system at the Bank will be determined by existing technological facilities and strategic development projects being implemented in parallel, in particular:
— in December 2017, a centralised automated system for internal operations “Athena Sequel corporate management system” (modules: “Accounting”, “Salary”, “Personnel”) was introduced. It is also planned to introduce functions for processing economic contracts, real estate, and work with OB’s fleet,
— in June 2018, a corporate data warehouse based on IBM Banking Data Warehouse was commissioned by OB,
— in October 2018, the transfer of OB’s core operating system ABS “Bars” to MultiMFO is due for completion (as of 1.8.2018, 20 regional branches and OB’s headquarters completed the migration),
— by the end of 2018, OB’s IFRS 9 implementation programme must be completed (in July 2018 the Bank moved to financial assets accounting according to IFRS 9 and started trial use of the Finevare Enterprise software with regard to impairment assessment). The programme scope also covers activities for the development of BIDM (Business Information Data Model) that aims to standardise approaches to data keeping, storage, transformation and control,