Western Union implemented Diasoft's solutions to support its Management Accounting

Diasoft, a global provider of cutting-edge software solutions for front-to-back automation of financial services, successfully completed the implementation of its management accounting solution at Western Union. The project was fulfilled ahead of schedule and provided Western union with a comprehensive toolkit for business operations management.

Western Union has been working with Diasoft for 14 years. To realize a new project for the management accounting automation, the company chose an approved MIS solution offered by its long term partner. Today Diasoft’s solutions implemented at Western Union successfully support its consolidated management bookkeeping including accounting of assets and liabilities and operating expenses and incomes. The solution is also used to perform budgetary control and variance analysis.

The project was initiated by the top management of Western Union, and Diasoft experts did their best to meet the highest expectations of the Customer. The project started in July 2011 and was successfully fulfilled several weeks ahead of schedule. Within the next steps of their collaboration, the two companies plan to integrate the implemented solution with Oracle components used by Western Union.

“We are proud that we have been able to provide a solution fully covering all needs of such an exigent customer as Western Union and achieve the highest quality of our services. Significantly, we helped Western Union correct its business processes and streamline the accounting data presentation”, said Mikhail Lebedev, Director of Operations and HR Automation Department, Diasoft.

About Western Union (NYSE: WU): The Western Union Company is one of the leaders of the global payment market. Together with such payment systems as Vigo, Orlandi Valuta, Pago Facil and Western Union Business Solutions (a business payments and commercial services branch of Western Union), Western Union offers to its customers a secure and convenient tool for money transfer, payment orders purchasing, and payments all over the world. The global joint network of Western Union, Vigo and Orlandi Valuta comprises of 470 customer service outlets in more than 200 countries. In 2010 Western Union processed 214 million person-to-person transactions for the total amount of US$ 76 billion; the company also processed 405 million money transfer operations between legal entities and individuals. Additional information on the company can be found at www.westernunion.com .