In "Moscow School of Management Skolkovo" the complex implementation project of the solution of consolidation of financial statements is completed

In Moscow School of Management Skolkovo the project of process automation of budget management, collecting and consolidation of financial statements is completed by the implementing solution Oracle Hyperion Planning. The contractor in the project - SITRONICS Information Technologies company.

Background

At business school the decision on creation of a system of strategic planning, forecasting, consolidation of the financial and management reporting was made. The contractor of the project defines SITRONICS Information Technologies company. As the platform of implementation the complex of business applications Oracle Hyperion Planning and Oracle Hyperion Financial Management is selected.

Solution

Project works are broken into two stages: during the first specialists SITRONICS IT carried out system implementation of collecting and consolidation of financial statements taking into account individual approach to collection of data on 7 enterprises of group of SKOLKOVO business school. The special gateway of import of data from the system of 1C Enterprise to Oracle is developed for four organizations keeping account in 1C. For other organizations the templates of loading of primary data allowing to import information from the tables Microsoft Excel are created.

Development of methodology of budget management and automation of a budgeting system of SKOLKOVO business school, including automatic formation of the cost budget on personnel by employees became the main objectives of the second stage. The SITRONICS IT command develops and implements the complex budgeting model allowing to provide quarterly adjustment of the budget on all companies of SKOLKOVO business school. In the created system diversity of costs for products, matrix approval, loading of the fact from 1C, and also a possibility of monthly forecasting of financial performance is provided.

Opinion

Results of project works at SKOLKOVO business school Pavel Miroshnichenko, the project manager estimated SITRONICS IT (Russia): "At the moment the project at SKOLKOVO business school is successfully complete and transferred to a stage of a support and maintenance of a system. We carried out all tasks set for us regarding development of a technique of budget management, collecting of the budget for all company, budgeting of staff costs, a problem of formation of the consolidated financial and management reporting. I consider that the project team involved in the implementation course got excellent experience and managed to strengthen significantly practice of Oracle Hyperion in SITRONICS IT.