Industries:
Problems and tasks
- The Russian accounting was being conducted with errors due to the fault of the current provider and did not comply with the company’s global policies
- Outdated software
- Financial and management accounting
- Automation of business processes
Solution
- Revision of RAS accounting methods
- Updating 1C to the latest version
- Implementation of Homnet platform for automation of management, accounting and tax accounting. Revision of 15 corporate reporting forms, automation of transitions between Russian accounting and corporate accounting
- Implementation of budgeting and controlling tools. Automation of blocking of bill payment that would lead to exceeding planned expenses
- Implementation of separate VAT accounting according to standards based on the client’s management policies
- Automation of plan-fact analysis in P&L format, which demonstrates the correlation of income and expenses within the reporting period
Result
- In 4 months, accounting was adapted to RAS requirements, and the fiscal year was closed with parallel accounting. Violations in calculations of financial results at all levels of accounting were corrected, discrepancies in data on balances with counterparties and Inspection Office of the Federal Tax Service were eliminated. The risks of claims being made by the tax service were eliminated
- In 3 months, accounting and management accounting processes were fully automated.
- The risks of budget overruns were eliminated. Automation of accounting provides for quick decision-making on redistribution of funds or on rejection of additional costs
- 20% reduction of the function-related costs
Other projects
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