Navicon automated management accounting in Intercomp company

February 6, 2015. The Navicon company (Navicon) reported^[1] about implementation of management accounting in Intercomp company.

Choosing a Solution

The management made the decision to bring internal management accounting to new level: it was necessary to implement a technique of objective control and assessment of processes to resolve the management conflicts with operational divisions. For project implementation the Navicon company was selected. During demonstration of the ready-made solution Cost Allocation executed based on Microsoft Dynamics NAV it became obvious that its functionality conforms to requirements of the customer.

Result

As a result of implementation in Intercomp company the possibility of cost accounting on types of activity appeared (Activity Based Costing model). The functionality of a system allows to create a finite number of the process focused profits and loss statements on each line of business with the actual indicators of EBITDA. A system influences bonus calculation of managers of the company.

Thanks to Navicon Intercomp passed to the system of management accounting in only 1.5 months. The basis of the solution of integrator was formed by the ERP system of Microsoft Dynamics NAV.

"It was the blitz project on settlement of an important issue in our financial accounting. The Navicon command provided us exactly what was required: almost ready functionality under our tasks, an effective command, the met expectations of project deliverables. One of positive results of implementation is prolongation of life of the existing Microsoft Dynamics NAV system for 2-3 years" — Stanislav Skakun, the Head of Department of finance commented.

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