Armsoft and Central Bank of the Republic of Armenia signed a contract of AS-Bank system implementation in December 2017. The system will be used to automate processes of Servicemens’ Life or Health Loss Compensation Foundation. AS-Bank system will enable the Foundation to track and manage placed assets, acquired securities, repurchase agreements and recurrent payments of compensation sums.

   The following subsystems will be implemented:

• Accounting
• Securities
• Placed credits
• OLAP and Reports
• Derivatives
• OLAP – report automation