Rosgosstrakh (Oracle Hyperion Financial Management (Oracle HFM))

The project in Rosgosstrakh insurance company received an award "The best complex project of 2013 in the field of preparation of consolidated financial statements and disclosure of information in the insurance industry". The project executed by specialists of TOPS Consulting helped the largest insurance company of Russia to optimize process of creation of consolidated financial statements according to IFRS and RAS. A system is created based on Oracle Hyperion Financial Management (HFM) and Financial Data Quality Management (FDQM). In a project deliverable the company could make process of formation of consolidated financial statements more managed, reduce reporting time, get rid of the labor-intensive processes of approval and data validation provided by more than 20 companies of group working at the territory of Russia and beyond its limits in different currencies, formats and standards.