Spetsstroymonolit (BIT. Finance: Prof)

The First BIT company is integrator of IT solutions for accounting and management, the largest regional network among the franchisee of 1C – completed the project on creation of an automated system of management accounting on the basis of the solution BIT .FINANS in Spetsstroymonolit LLC. As a result of automation Spetsstroymonolita it was succeeded to reduce labor costs when planning and calculating financial performance of projects.

Choosing a Solution

For the solution of a problem of creation of an automated system of management accounting products on a technology platform "1C:Enterprise 8" - "1C: Integrated Automation 8" and BIT .FINANS were selected. Prof, integrated into a uniform configuration. Time of system implementation was three months. Prior to the beginning of the project budgeting and formation of the management reporting in Spetsstroymonolita was conducted in the Excel program. With respect thereto there were problems with reflection of transactions and measure calculation in management accounting on the basis of this RAS (Russian accounting standards).

Project Progress

In the project progress specialists of the First BIT booked audit of business processes of construction company and made the plan of its automation based on the selected programs. At its implementation budgeting of income and expenses (income and expense budget) and the budget of cash flow (BCF), broadcast of planned data per budgets on the chart of accounts of management accounting and actual data from the chart of accounts of RAS on the chart of accounts of management accounting was automated. Representatives of the contractor developed procedures of closing of month and cost accounting in management accounting and also organized automatic formation of the operational and management reporting on an income and expense budget and BDDS by budget items, the centers of the financial responsibility, projects and partners. Calculation of profitability for projects and monitoring of receivables and payables is automated.

Result

Upon completion of the project in the company its following effect was mentioned. Time for preparation and approval of an income and expense budget and BDDS was significantly reduced. The transparency of planning of primary activity in different analytical cuts is provided and labor costs are reduced by planning and calculation of financial performance of projects. The automated system provides cost accounting on projects and also closing of month in management accounting on the separate chart of accounts irrespective of these RAS. Terms of preparation of the management reporting for the management were reduced.