ETHAN: Management Balance ITAN

The main articles are:

• CPM - Corporate Performance Management
• ERP (TAdviser definition)

ITAN: Management Balance is a professional software product for managing corporate finance. ITAN: Management Balance is an integral solution for automation of budgeting, management accounting according to arbitrary standards (IFRS, corporate standard, etc.) and data consolidation at the enterprise.

The system improves the accuracy and timeliness of financial plans, budgets and reports, helps managers make timely management decisions, and allows you to automate the full cycle of financial management:

• Budgeting and strategic financial planning;
• Management accounting and financial statements (including under MSFO, GAAP)
• Budget control and operational cash management;
• Management of contracts by budget, terms, execution, payments.

ITAN: Management Balance is designed in the form of a designer of arbitrary financial models, has no industry restrictions and allows you to implement effective financial management at any enterprise.

The system allows you to:

• Plan enterprise resources across the entire system of budgets (forecasts of sales, procurement, production, MDD, BDD, PBL);
• Conduct a full economic analysis of the financial condition of the enterprise;
• Promptly provide data on the state of assets and liabilities of the enterprise;
• Manage and control the execution of budgets;
• Calculate the financial result;
• Receive transparent management reporting in the required format;
• Manage all payments and cash balances.

2022: ITAN: Management Balance 3.1 with Assistant subsystem

On April 6, 2022, ITAN announced the release of ITAN: Management Balance 3.1, in which the Assistant subsystem became available to users.

According to the company, the assistant component in the subsystem "Document Regulations " is an individual means of the user, helping to automate his actions. The wizard is a log of user events processed by the user algorithm:

• The event log is based on the register of information "WBI RD Event Assistant"
• To implement complex events, the functionality of the "Object Control" subsystem is used
  • For the implementation of periodic and one-time calendar events, the calendar of the subsystem "Document Regulations " and/or the schedule of events is used, in the similarity of the schedule of the scheduled assignment.
  • To generate simple events that occur after recording objects, the processing of the event "AtRecord" is implemented when the condition specified in the Customizing event type is fulfilled.
  • The text of the Event Processing Procedure should be generated automatically after setting the processing algorithm in the form of a processing tree.

• Event processing procedures allow you to perform basic formalized user actions. Their composition will increase as the component develops. They can be divided into three groups:
  • Predefined. Special purpose procedures, for which a special configuration form is used, which is part of the forms of the guide "UBI RD Assistant Processors" or the corresponding subsystem, if the procedure can be used not only in the assistant.  A predefined element is created in the UBI RD Assistant Handlers reference book.
  • Universal. UBI procedures that do not require special configuration forms. A single setup form is created for them and the layout describes the parameters of the procedure call and the structure of the returned parameters (processing results) for their use in processing the event in the Wizard. 
  • When implementing the Service Procedures and Functions SPF component , the two components are integrated into the procedure setup description.
  • Client. Procedures written for the client do not require special configuration forms.

• Link to object control.
  •     The "Use in Assistant" attribute has been added to the "UBI QoS Types of Operations" reference book item.  

• Issue of message by "Communication means" subsystem. One of the main possibilities of the organizer is to send messages to different groups of users for different types of communication, which are available in the Communication Tools subsystem.
• Messaging in the Assistant. You can exchange messages (events) between users. This is a simple mechanism for sending a predefined Message to Users event.

2021

ITAN: Mobile Customer

On August 25, 2021, ITAN announced the release of ITAN: Mobile Client for the ITAN: Management Balance configuration.

Now you can install on your smartphone Android own or iPhone mobile version of "ITAN" and work with the main database one on. mobile

The application allows you to sighting documents from a mobile phone, submit applications for expenses and agreements for approval, and carry out their budget control.

 In the "Mobile Client" there is an opportunity to track the status and route of any document, as well as the ability from a smartphone to receive the necessary reports from the main database "1C" in the form of tables, graphs and diagrams.

The main features of the "Mobile Client":

• "Document sighting."
• Display and enter "Contracts."
• View and enter Payment Requests.
• "Contract Payment Schedule."
• Report - "Execution of the ET budget."
• Report - "Execution of Contracts."
• Customizable desktop and arbitrary indicators: tables, graphs, charts.
• "Infoblocks" - sighting tasks, expired, department tasks, and so on.

ITAN: Management Balance 3.1

On August 25, 2021, ITAN announced the release of version 3.1 of the ITAN: Management Balance configuration.

The functionality of the software product is supplemented with the following features:

• Support for the minimum version of the platform 8.3.18 and the use of its technologies, in particular the asynchronous call mechanism.
• Functionality for using a "mobile client": "Agreements," "Payment requests," "Function panel," "Sighting" - forms for a "mobile client" have been developed.
• Partial adaptation of the functionality for the "web client": "Contracts," "Payment requests," "Sighting."
• Optimization of the speed of operation of the Financial Accounting program: creation of transactions, generation of reports; "Budgeting": opening and recording budget orders, opening classifiers.
• Adds the Object Versioning subsystem.
• Transfer the "Budgeting" configuration functionality to managed forms. Now all the functionality is on managed forms.
• Transfer of standard reports generation to background mode
• Query Builder Development - Query Data.
• Functionality of the date of prohibition of editing "Financial Accounting."
• The functionality "Deputies in sighting routes" has been implemented.
• The functionality of "Multi-objects" has been added to form and expand the types of analysis of the composite type by keys.
• Interactive setup of arbitrary input.
• Development of the "Financial Report Designer": functionality "Named Areas," for right spreads of fixed tables by analytics.
• Revolutions with the opposite sign can optionally be output separately to the SALT.
• Processing of "Financial Accounting" in "Multithreading" mode.
• Send parts of contracts to the Archive.
• Fixed bugs and made many other small improvements.

2020: ITAN: Management Balance 3.0

On July 3, 2020, ITAN announced the release of version 3.0 of the ITAN: Management Balance configuration

Important changes include:

• Translation of configuration elements into managed forms of subsystems: Financial Accounting, ET Management, Contract Management, Financial Report Designers, Document Regulations.
• Improvements in the possibilities of document regulations: the possibility of returning to an arbitrary stage; approval of reference books; notifications in html format with buttons for quick coordination of documents from email.
• Development of the next version of the Procedure Debugger, with the ability to debug user procedures in 1C: Enterprise mode, with stops and output of the Data Scoreboard.
• Development of the "Financial Report Designer": the possibility of interactive addition of analytical spreads, the use of groupings for analysts and indicators.
• Embedding the "Interactive Balance Sheet" with dynamic decryptions directly from the report.
• The ability to open basis documents through Com from loaded "Trans - operations."
• "Interactive payment calendar" with the ability to drag payments directly from the report.
• Customizable groupings for creating payment orders from the payment register have been implemented.
• Code has been optimized to improve performance.
• Support was waived 8.2. Revision "ITAN" 3.0 only works with platform 8.3.12 and above.

2019

Developed by:

• An expert model of budget management.

The "expert model of budget management" (hereinafter referred to as the EMBU) is a tremendous work and experience of experts.

EMBU is used as a ready-made solution for automating budgeting processes in the following industries: wholesale and retail trade, services b2b and b2c, small production and for design organizations. A generic model is a preconfigured set of related measures and their associated settings in the required dimensions (analytical sections). From the budget indicators and the links between them, a budgeting model is built in\" ITAN: Management Balance\. "

• Subsystem Procurement Management In the information base, schedule the production and procurement of components based on sales plans and current/planned balances of products, materials and components, taking into account the composition of specifications for products, the values ​ ​ of the order point and the minimum insurance balance for each product/material, procurement conditions and deadlines for fulfillment of orders by suppliers of materials and conditions for payment to suppliers. -

- Model Consolidation 3.0 for the configuration "ITAN: Management balance" with integration with "1C: Accounting" version 3.0 (arbitrary number of databases) with the built-in subsystem "ITAN: OVO" on the platform "1C:Enterprise 8.3"

The model is used to maintain consolidated accounting on the consolidated chart of accounts and consolidate data by group of companies with the possibility of excluding intra-group transactions from the consolidated reports. The model is a separate management base based on the ITAN: Management Balance configuration and a typical 3.0 consolidation model with the ability to import data from the 1C: Accounting 3.0 configuration accounting systems (connection and other 1C configurations can be configured). In the model, it is possible to enter "purely" management operations, revaluation of assets and liabilities, distribution of indirect expenses, and enter data on budgets. All this allows us to promptly receive transparent consolidated management reports for effective management of the holding.

The purpose of the developed model "ITAN: Consolidation 3.0" is that at the lowest cost it is possible to promptly receive transparent consolidated management reports for effective management of the holding.

2018

Document Regulations. A Web interface for sighting documents has been created.

• Sight of any documents.
• The possibility of constructing any sighting routes, including dynamically formed ones (for example, the heads of the Central Federal District, whose expenses are indicated in the application, are included).
• Automatic assignment of the sighting route based on the details (for example, based on the Central Federal District, the type of request, the sign of exceeding the budget).
• System of notifications on visa assignment, return, approval.
• Archiving documents and the attached files service.
• Web - document visa management form.
• Reduction of time spent for approval and approval of documents

2016

• Indicators and Graphics Desktop
• Move all accounting objects to managed forms
• Revision 2.5
• As part of the ITAN: Management Balance configuration, a new subsystem "ITAN: Interactive Desktop" is highlighted, which is a multifunctional flexible interface that solves the tasks of convenient presentation of the necessary information to a variety of users.

2015

• Developed the Contract Management subsystem
• The ITAN: Contract Management subsystem is designed to manage incoming and outgoing external contracts of the enterprise: contract planning, accounting for contracts and their implementation and contract control: by budget, terms, obligations, payments.

2014

• Exchange Media Subsystem
• Moving Some Objects to Managed Forms
• Revision 2.4
• The ITAN: Means of Exchange subsystem is designed to build an integrated accounting system from standard and non-standard databases made on the 1C: Enterprise 8.2 platform, to solve the problems of centralized maintenance of directories (standard reference information), financial accounting, budgeting and cash management.

2012

• New subsystems have been developed:
• ET control subsystem
• Subsystem Document Regulations
• Revision 2.3
• Compatible with 8.2
• Opportunities:
• - Complete control over finances (online analysis of spending on compliance with budgets).
• - Introduction of a common methodology for financial management in all divisions.
• - Minimization of cash gap risks and prompt determination of the need for borrowed funds.
• - Increasing the solvency of the enterprise (effective management of financial flows due to reducing the risk of the influence of the human factor).
• - Calculation of the required amount of finance and determination of periods of its excess and deficiency.
• Automation of financial management allows you to quickly draw up a payment calendar, analyze and plan regular payments, plan payments for expected receipts of funds, monitor compliance with the plan of financial receipts and payments, assess the dynamics of payments from counterparties, and objectively assess the balance of distribution of funds in the company's accounts.

2009

• New Budgeting subsystem.
• Revision 2.2
• A well-functioning budget management system enables the company to achieve business goals faster with accurate accounting and strict performance control

2008

• Output of the typical data consolidation model.
• Helps demonstrate to investors and counterparties the results of the financial and economic activities of individual business units that are included in the group of legally independent, but related to the common economic goals of companies, providing wide possibilities for intellectual analysis of financial information.

2007

• Revision 2.1. Typical Documents and Transoperations
• Compatible with 8.1

2006

ITAN: Management Balance 2.0

After the release of the 1C: Enterprise 8.0 platform, in 2006 a new version of the universal management accounting system "ITAN: Management Balance 2.0" appeared. The main difference of the product was the ability to introduce it into any customer configuration without removing it from support, as well as a more flexible mechanism for adjusting the posting master record; The ability to create configuration objects in 1C: Enterprise mode a powerful designer of financial management reports.

ETHAN: Management Balance 1.0

2003 marks the company's transition from industry developments to universal integrated solutions. As a result, in 2004, the first introduction of the new software product "ITAN: Management Balance 1.0" was made.

Subsystems

The application solution "ITAN: Management Balance" consists of the following subsystems:

BUDGETING

Budgeting is the process of planning the movement of resources in an enterprise for a given future period and/or project. Thus, the implementation of budgeting helps to create a holistic and sufficiently effective management system. Moreover, a well-established budgeting system should help not only solve operational management tasks, but also achieve the strategic goals set by the company's management. To automate budgeting, the ITAN: Budgeting subsystem of the ITAN: Management Balance configuration is used, which is designed to draw up natural and financial plans (budgets) of enterprises. Ideally, after making business plans, forecast plans are entered into the program, and then their implementation is monitored compared to the business plan. ITAN: Management Balance allows you to flexibly configure all forms of enterprise budgets, for example:.

• operating budgets: budgets of the DR Central Federal District and budgets of the DS Central Federal District.
• functional budgets: sales plan, purchasing plan, production plan, etc.
• Cash flow budget.
• revenue and expenditure budget.
• balance sheet budget.

Setup takes place in a user-friendly form, with the ability to download budget data from Excel. ITAN: Management Balance implements matrix budgeting (like Excel and advanced Western systems), which allows you to plan more conveniently and avoid entering hundreds and thousands of unrelated budget transactions (as in similar solutions).

MANAGEMENT ACCOUNTING

Management accounting is necessary for management decisions. It is impossible to control qualitatively without having complete information about the control object. ITAN: Management Balance allows you to promptly provide all management reports in a form convenient for the manager, for example:

• statement of cash flows
• income statement
• Management Balance Report.

At the same time, the flexibility of setting up the model can satisfy the specifics of accounting even for the most complex holding. And easy integration into standard and non-standard configurations of 1C:Enterprise 8 platform allows you to minimize double input of actual information, which will significantly affect labor costs. If the enterprise uses programs of the 1C: Enterprise 7.7 family, the module for importing data from the 1C: Enterprise 7.7 platform configurations will come to the rescue.

ACCOUNTING AND REPORTING IFRS

ITAN: Management Balance solves the tasks of automation of parallel accounting under IFRS on the IFRS chart of accounts, which is based on accounting on the standard configuration "1C: Accounting 8," "1C: Integrated Automation," "1C: Manufacturing Enterprise Management 8," or any other standard or non-standard configuration "1C:Enterprise 8." All journal entries (or required ledgers) are converted into real-time IFRS chart of accounts transactions with the possibility of manual adjustment. In addition, it is possible to create transactions only under IFRS, the data of which will be included only in IFRS accounting. Setting up reclassification of RAS accounts in IFRS is conveniently brought to the user level and does not require special programming knowledge (except in special cases using algorithms). All this allows you to quickly obtain a full balance of assets and liabilities of the company and other financial statements, such as:

• Statement of financial position;
• Cash flow report;
• Statement of comprehensive income;
• Report on non-current assets.
• Liquidity report of assets and liabilities;
• Other arbitrary IFRS reports and decryptions;
• Standard reverse balance reports for IFRS accounts.

CASH MANAGEMENT

ITAN: PROF Management Balance includes a cash management subsystem, which is designed to automate the treasury at enterprises of both a centralized and distributed structure, regardless of the scale and industry accessories. The subsystem allows:

• implement an application system for sighting payments.
• take control of all incoming and outgoing payments;
• consolidate payments into payment registers;
• Prioritize payments;
• Plan and control cash flows in the company.

When implementing, the Cash Management subsystem solves important tasks:

• Financial control (analysis of expenses for compliance with budgets on-line).
• Improved solvency of the company (efficient management of financial flows with minimization of human error).
• Reduce the risk of cash gaps and timely determine the need for borrowed funds.
• Calculating the required amount of cash resources and determining the time periods when their shortage or excess is expected.
• Implementation of a uniform financial management methodology throughout the company.

CONTRACT MANAGEMENT

The Contract Management subsystem is designed to manage incoming and outgoing external contracts of the enterprise: contract planning, accounting for contracts and their implementation and contract control: by budget, terms, obligations, payments. Capabilities of the Contract Management subsystem:

• Check for budget BDDS limits of each contract.
• Generation of payment schedules (registration in the payment calendar) in accordance with the terms of the contract.
• Generate payment requests from contract payment lines.
• Nomenclature specification of the contract.
• Control the due dates of the contract, in the form of reporting and dunning notices.
• Selection and sorting by details of the contract log.
• Formation of payment items by accruals, and vice versa.

Contract Reporting:

• Create a contract register for various contract parameters (status, amount, analytics)
• Obtaining the history of contractual activities under the contract, additional agreements (according to the versions of the contract and agreements).
• Analysis of execution of budget items under contracts and agreements. Budget decryption.
• Actual plan of obligations under contracts (accruals, payments, debt).
• Analysis of income and expenses under contracts.

DOCUMENT REGULATIONS

First of all, the Document Schedule subsystem is used to see various documents (for example, payment requests or budgets). Any documents used in the configuration can be connected to this subsystem. The main advantages of the Document Regulations subsystem over typical solutions:

• Sighting of any documents.
• The ability to build any sighting routes, including dynamically formed ones (for example, the heads of the Central Federal District, whose expenses are indicated in the application, are included).
• Automatic assignment of the sighting route based on the details (for example, based on the Central Federal District, the type of request, the sign of exceeding the budget).
• System of notifications on visa assignment, return, approval.
• Document archiving and attached file service.
• Web - form of document visa management.
• Reduce time spent on document approval and approval.

SUBSYSTEM "ITAN: MEANS OF EXCHANGE"

The ITAN: Means of Exchange subsystem is designed to build an integrated accounting system from standard and non-standard databases made on the 1C: Enterprise 8.2 platform, to solve the problems of centralized maintenance of directories (standard reference information), financial accounting, budgeting and cash management. Tasks solved by the subsystem "ITAN: Means of Exchange":

• Optimization of information interaction between the holding's services and enterprises.
• Improve the quality of regulatory reference information and standardize it.
• Ensure that regulatory reference information is up-to-date.
• Organization of centralized management of regulatory reference information in the presence of heterogeneous information bases 1C.
• Centralized financial accounting, budgeting and cash management.

INTEGRATION

The application solution "ITAN: Management Balance" is a flexibly integrable solution that is easily integrated into the existing operational or accounting system without affecting the objects of the original configuration remaining available for updates. Also, "ITAN: Management Balance" can be used as a separate consolidated database that allows you to download any data from other accounting systems. For these purposes, the Transoperation or Exchange Tools subsystem can be used. The product is certified by 1C as 1C: Compatible. 1C confirmed the high technical quality of the ITAN: Management Balance system and the stability of its operation with 1C:Enterprise 8.

ACCOUNTING MODELS

The system "ITAN: Management Balance" is developed in the form of a parametric designer of financial accounting models, which allows you to describe the methodology of financial management at any enterprise. The accounting model is a set of settings "ITAN: Management Balance" that allow you to maintain management accounting, accounting according to IFRS, budgeting, cash management and receive management puffiness at the enterprise. The presence of typical accounting models allows you to use ITAN: Management Balance as a ready-made solution.

If you have a typical configuration, you can simply download the accounting model and start working right away. You do not need to customize the parameters of the financial model, they are already configured in this accounting model in accordance with the experience of implementations in hundreds of successful companies by ITAN specialists.

The accounting model provides a detailed description of the accounting methodology and principles used in this accounting model.

Typical accounting models developed by ITAN methodologists:

• Universal budgeting and cash management model for 1C: Accounting 2.0
• IFRS model for 1C: Accounting configuration
• Typical trading model for 1C: Trade Management configuration
• Typical accounting model for "1C: Enterprise Accounting 2.0" configuration
• Typical trade and production accounting model for the configuration "1C: Trade Management" with the subsystem "ITAN: Production Accounting"
• Typical trading model of accounting for configuration "1C: Trade management for Ukraine"
• Typical data consolidation model with the ability to load data from 1C 7.7 and 8, as well as from non-1C

Advantages

Matrix Budgeting:

• Tabular input is more familiar to Excel users.
• The most flexible planning, there are no restrictions in modeling.
• Strong connections between cells, indicators and tables, with the ability to decipher the calculated cell.
• Upload - Load budget forms into Excel (including group).

Payment Management:

• Flexible setup of payment transaction types and their location in the document management system.
• Control over the budget and settlement of each request.
• Payment registers to manage accounts and claims cases.
• Prompt replacement of the plan with the fact of payment status: forecast, plan, reserve, payment.

Reporting Design:

• Creating arbitrary reports at the subject-matter level.
• Price-based Plan Factual Reports.
• Analyst transcript prior to initial operation.

Teamwork:

• Assign a responsibility center for each element of the budget structure.
• Track and agree on the status of the budget process.
• User notes and attached files to documents.
• Building arbitrary document approval routes.
• Use of any element org. structures and substituents in coordination.

Allocation tools:

• Manage costs through action centers.
• Allocation of costs to arbitrary bases (the allocation weight or target is specified).

Flexibility:

• Configuring all functionality without programming.
• No predefined elements.
• For very individual cases, it is possible to build queries without going to the configurator.

Ready-made solution:

• Availability of typical models and accounting methods.
• Training courses in the use of model models.

Experience:

• More than 25,000 man-hours and the experience of hundreds of financial accounting, planning and control consulting projects have been invested in the development of the configuration.