Oracle Enterprise Data Quality

On December 24, 2014 the CORUS Consulting company announced project completion of system implementation of consolidation of financial statements on the Oracle Hyperion Financial Management platform and Oracle Financial Data Quality Management in DIXY group.

Project Tasks

Acceptance of timely management decisions by management of DIXY group is integrated to operational obtaining reports on all divisions entering into group of companies. The limited functionality of the existing information systems and a monthly cycle of preparation of the consolidated statements occupied a progressive tense. For reduction of a cycle on preparation of the international and management reporting the company management made the decision to automate processes of preparation and consolidation of the reporting. Based on the tender, as the platform the company selected solutions of Oracle. Determined by the contractor of the project CORUS Consulting Group.

Project Progress

Project participants formalized the operating methodology of preparation of the reporting and adapted it for automation. Configured and held testing of a working prototype of the automated system of consolidation of the reporting (ASCR). An important stage of the project - setup of integration of ASKO with the accounting systems and packets of data collection. After closing of several periods of the reporting into ASKO DIXY Group passed to its commercial operation.

Project Results

Implementation of Oracle Financial Data Quality Management is carried out within the complex project.

"We successfully completed the project on implementation of an automated system of the consolidated statements on the basis of Oracle Hyperion Financial Management and Oracle Financial Data Quality Management. We consider that we achieved the purposes which were set on start of the project. Terms of preparation of the consolidated statements according to IFRS and the management reporting were reduced, its comparability is provided, the risk of errors is minimized and the transparency of process of preparation of the reporting is increased", - Sergey Korotkov, the director of the department of information technologies of DIXY Group noted.

"The project is interesting not only in terms of consolidation of financial statements of groups with a large number of divisions, this experience will be useful also to corporations for which combination of models of the management reporting and IFRS is relevant. We are ready to use all our examination on product introduction of Oracle in retail to help retailers to optimize business processes and to increase efficiency at the expense of online access to financial statements and the checked solutions in the field of planning and budgeting", - Daniil Shapirovsky, the head "Financial Consolidation" of department of CPM CORUS Consulting Group said.

"We are glad to keep the innovative development of the leading Russian retailer the products, best in the class. Our EPM platform is capable to solve most fully problems of the companies which want to improve the business and to strengthen positions in the market practically in all industries. Oracle applications for performance management will become for DIXY group an additional source of growth and competitive advantage on long perspective", – Artur Hamidullin, the Head of Department of preproject consulting according to business applications, Oracle CIS considers.

Representatives of the company integrator reported TAdviser.