The MSK insurance group implements schedule system and managements of budgeting

The MSK insurance group brought into operation the new planning and budgeting system, the analysis of key indicators of operating activities implemented with assistance of Accenture company on the platform of the solution Oracle Hyperion Planning the press service of integrator reported on May 27, 2013.

Representation

A new system which process of implementation took a little more than three months represents the convenient mechanism of collecting and approval of budget data, provides higher level of management of version control and control of introduction of adjustments that is necessary when carrying out budget planning in the large company with a large number of divisions and a wide branch network.

"Implementation and start of a new system in so short terms — excellent result, - the project manager from SG noted MOSCOW TIME, the associate director of economical department Evgeny Ilyin. – It became possible thanks to harmonious work of the project team consisting of experts of SG MOSCOW TIME and Accenture and also to wide experience of Accenture in the field of implementation of the Oracle Hyperion Planning systems and to understanding by consultants of specifics of processes of financial planning and budgeting in the field of insurance".

"To get additional benefits in the highly competitive Russian market, it is important to insurers to plan and control the expenses carefully, - Ushanov noted Sanal? the head of practice Insurance of Accenture in Russia. — Use of a specialized budgeting system and the organization of scrupulous financial planning with its help – an important factor in competitive struggle for the Russian insurance companies. Thanks to Accenture the SG MOSCOW TIME now have a solution which provides quick access to key data for its management and helps to optimize management of operating activities".

Result

A new system allows SG to analyze MOSCOW TIME costs on single insurance products and sales channels. Thus, it is possible to plan and control overall effectiveness of work of the insurer on different activities and to estimate real influence of these or those items of income and costs for the general financial result. The solution provides an opportunity for work with financial data via several interfaces, including the web interface and the Microsoft Excel interface, with a full range of functions and direct access to a system.