Tricolor TV (National Satellite Company) (IBM Cognos TM1)

February 19, 2015. MAYKOR-GMCS announced complex modification of an automated system of budget management based on the products IBM Cognos for Tricolor TV.

Choosing a Solution

The decision on global processing of a budgeting system was made by the management of Tricolor TV at the beginning of 2014 for the purpose of achievement of a number of strategic tasks. First, it was necessary to provide budgeting according to IFRS and to configure a technique of transformation of the budget from RAS in international standards. Secondly, it was required to automate receiving the plan fact of the analysis: synchronize budget reference books and reference books of the accounting systems, to implement monthly automatic loading of actual data.

Project Progress

Planning and formation of budgets happens in IBM Cognos TM1. In a system processes of formation and approval of annual and operational budgets are automated – in Tricolor TV the method of the sliding planning, quarterly adjustments, the plan-fact analysis, comparison of budgets with key performance indicators is used. System components based on IBM Cognos BI are applied to creation of the management reporting and data analysis. Means of IBM Cognos BI provide data visualization in forms, convenient for users, including in the form of dashboards (dashboards).

Result

The updated system became the effective mechanism for management of financial processes of the largest Russian operator of digital television.

Now the automated system of budget management of Tricolor TV is in commercial operation. Users of a system are all departments and divisions of the customer making the separate centers of the financial responsibility.

"The implemented system not only increases quality of financial processes, but also allows to manage efficiency of activity of the company according to target values. For us like those are the subscriber base, income from the main service, cost value of services, EBITDA-margin, etc.", – E.N. Nosova, the chief financial officer of National Satellite Company Ltd says.

"The Tricolor TV operator struck us with incredibly high performance of top managers and specialists in the project progress. So, for example, the technical specifications on 230 pages were read by the chief financial officer for only one night and contained more than 50 comments in the text, and the CEO personally underwent 3-hour training in work with a system. In the company the democratic atmosphere reigns, the new ideas are welcomed, and issues are resolved very quickly. All this allowed us to implement our ideas and to execute the project just in time", – Béla Temirkanova, the curator of projects, MAYKOR-GMCS company tells.

"Solutions of IBM for a business intelligence help the organizations of all sizes to understand information in the context of business. Using these solutions it is possible to take quicker and more simply valuable information from all types of data and also to transform all planning cycle, from goal setting and budgeting to a reporting preparation, the analysis, drawing up score cards and forecasting", – Irina Tereshchenko, the specialist of sales department of department of a business intelligence, IBM in Russia and the CIS noted.

Representatives of the company integrator reported TAdviser.