Colvir software products are scalable, open, adaptive package solutions designed in multi-tier architecture, and meeting typical set of requirements referred to banking and financial packages at international tenders.

All our solutions are designed using the same platform, the same kernel, same software tools and technologies. The main advantages of all Company's products are:

• Wide and rather deep functionality
• Meeting the standard requirements referred to security and audit
• Meeting the standard requirements referred to accounting and financial reporting
• Extremely high level of adaptability achieved by means of Colvir software tools
• Centralized data processing option including branches operating in off-line mode
• Built-in data warehouse
• Multi-Language facility
• Interfacing with other systems
• Modern technical platform J2EE (Oracle as RDBMS, Oracle Application Server or JBoss as application servers).

All Company's products are modular. Modules can be implemented gradually as required.

Colvir Software Tools

Wide set of adjustments designed for system tuning without programming is one of the key advantages of our software solutions. Some of these adjustments are: textual descriptions of the transactions, accounting models, tariff plans, product templates, interest rates, encoding rules, financial figures with analytical views etc. Non-programmers, but functional department's staff having no idea about database structure is able to provide most of such adjustments. Adaptability without programming is achieved in Colvir products by means of vast collection of powerful software tools. It is software tools such as Domain Concepts Dictionary, Financial Figures Service, Flexible Data Export Service, Accounting Models Designer and others that provide extraordinary system flexibility, and allow advertisingadaptability without programming as a key distinctive feature of Colvir products.

Solution for Remote Branches

Capability of remote branches operation both in on-line and off-line modes with full support of centralized processing is another distinctive feature of Colvir products. Using the off-line mode besides low communication expenses still allows support of centralized data processing and storage, transmission of data with preset frequency (practically in real time mode), and supply of distributed authorization scheme for branch transactions.

Multi-Language Facility

Multi-Language facility in Colvir products has a number of distinctive features: unlimited number of languages supported, simultaneous handling of data in different languages, simultaneous report generation in different languages, different users simultaneous operation using different languages, support of translation period when translating into new language.

Interfacing to Other Systems

Due to flexible export software tools the Company's products are able to export all types of data stored in the database into MS Excel or XML format. At this the knowledge of the data structure is unnecessary, and as to export into MS Excel – the programming experience is unnecessary too.

As to data import – special import XML formats are provided referred to almost all types of data stored in the database. Should external system generate necessary XML format it will be imported and stored in the database using Colvir products' standard facilities.

Solution for Banks – Colvir Banking System

Functionality

Colvir Banking System includes the following sets of modules: Core Banking, Bank Treasury, Administrative Activity, Retail Business and Remote Access.

Core Banking consists of General Ledger, Client Accounting, Funds Transfer & Teller's Services, Payment System, International Payments, Loans, Deposits, Trade Finance, Standing Orders, and Currency Exchange Regulation modules.

Bank Treasury consists of groups of modules: Foreign Exchange, Money Market, Securities, and Derivatives. Both domestic and international market operations are supported. Both currency and precious metals are supported. Interfaces with REUTERS and BLOOMBERG systems are provided as well as handling of financial information archive (interest rates, quotations etc.). Bank Treasury contains also Risk Management and Cash Management modules.

Administrative Activity consists of modules: Budget Management, Contracts Handling, Accounts Payable, Accounts Receivable, Fixed Assets, Inventories, Human Resources, Payroll.

These modules allow not only supervision of budget execution referred to administrative operations, but also planning and supervision of budget execution referred to bank's main activity with budget handling and income & expense accounting referred to banking products.

Retail Business consists of Utility Payments, Cashier's Office, Transfers, Exchange Office, Retail Deposits, Retail Loans, Safe Services, Standing Orders, and Plastic Cards' Back Office modules.

Remote Access consists of: off-line branches modules, Client–Bank modules for juridical and natural persons.

All Bank's Operations in a Single System

Colvir's functional modules allow for provision of completely integrated solution. The main advantage of integration is that all bank's transactions referred to either Core Banking or Administrative Activity are operating with one kernel, one General Ledger, one budget, one Risk Management module, one Cash Management module. This allows: to evade expenses referred to interfacing of system components, to reduce expenses referred to staff salary and training, to make easier system modification.

Modern Banking Technologies

Modern Banking Technologies supporting bank's business development are implemented in Colvir Banking System:

• Budgeting and Income / Expense Accounting referred to banking products
• Banking products cost calculation
• Client-oriented system – there is all necessary data for CRM inside
• Risk Management System, Asset & Liabilities Management with risk consideration – compliance with Basel II requirements (2006).

System Evaluation by Deloitte & Touche

In 2004 the auditor company Deloitte & Touche a member of “Big Five” provided Colvir Banking System audit and issued a positive conclusion where it was stated: “functional and technological facilities of Colvir Banking System meet as a whole the modern requirements of large and medium-sized banks of Russia and CIS referred to automated banking systems”.

Solution for Post Offices – Colvir Postal System

Functionality

Colvir Postal System (CPS) includes the following set of postal functional modules: Postal Services, Agent Services, Database of Addresses, Postal Orders, Goods by Mail, Retail Trade. At the same time CPS can utilize all functional modules included in Colvir Banking System.

CPS automates operations of mail receipt, delivery, return, and re-send for all types of postings. Both by name and batch mail receipts are supported. The System is interfaced with letter-weight and bar code equipment. The following agent services are available: pensions and subsidies payout, servicing of banks and insurance companies, arrangement of lotteries etc. The System provides international postal orders including via STEFI.

The System is designed under Universal Postal Union Deeds.

Integration

CPS modules are integrated with Mail Sorting, Register Mail Delivery Control, and Subscription modules. In aggregate the functional modules from CPS provide fully integrated solution. At this all post office operations referred to postal, banking and administrative activity are performing in unified system with no extra expenses for integration.

Big advantage of the System is a unified postal counter workstation that allows one branch employee to perform different types of transactions without leaving the System.

Solution for State Treasuries – Colvir Treasury System

Functionality

There is a complete set of standard functional modules for state treasury operations in Colvir Treasury System (CTS): General Ledger, Budget Organization Register, Budget management, Contracts Handling, Commitment Accounting, Revenue Management, Cash Management, Accounts Payable, Accounts Receivable, Payment System, State Debt Management, Securities, Fixed Assets, Inventories, Human Resources, Payroll, Client-Treasury, Client-Bank.

Some functional modules such as General Ledger, Accounts Payable etc. are common for all Colvir products. Budget Management module in CTS has a special supplementary task referred to financing. Contracts Handling module in CTS significantly differs from similar module in Colvir Banking System. Modules: Revenue Management, Commitment Accounting, Budget Organization Register, Client-Treasury, State Debt Management have been designed especially for treasury needs.