The Irkut corporation changes Infor PM for Oracle Hyperion Planning

CORUS Consulting Group completed the project on upgrade of an automated system of budget management in the Russian aircraft manufacturing corporation JSC Irkut Corporation of migration on the platform of automated management of the budget of Oracle Hyperion Planning, the press service of integrator reported on April 2, 2013.

Start

As a result of cooperation of the companies in 2007 the project on automation of budget management on the Infor PM platform is implemented. However in 2011 the management of corporation made the decision on upgrade of the existing system of budget management.

"Over time we were faced the need of expansion and improvement of the budget model, – Olga Borodina, the head of the department of economic planning and control comments on the reasons of the beginning of the project. – An old system ceased to meet the growing requirements of corporation – it was necessary to expand considerably budget model whereas ASBU worked already at a limit of the opportunities. At the same time, it was necessary to realize in a new system and important functionality of old: regulations of data collection, control of budget limits, a possibility of calculation of different chains of rules (parts of budget model) and to leave power reserve and opportunities for further development of our budget model for several years ahead. In the next development plans at us - integration with the system of management company which also uses the Oracle Hyperion Planning platform".

As a result of the conducted examination and studying of requirements, the offer on upgrade of the existing system of budget management and transfer of model to the platform from Oracle company is developed.

Project

In the project progress methodological changes are made to the working model of budget management, in particular, new analysts are added, reports for Board of Directors are created, algorithms of calculation of budget items are changed. In already implemented system the regulations of budget management for collecting of the actual and planned data, formation and adjustment of the annual budget, operational collecting of the budget of cash flow (BCF) are designed and implemented. Necessary settings are made for loading of actual data about budget implementation regarding BDDS from the system of financial settlement center. Now a new system is brought into operation, users in Moscow and Irkutsk are connected to it.