In a TTK processes of budgeting are automated on the basis of Oracle Hyperion Planning

February 20, 2015. Announced Transtelecom Company Ltd (TTK) creation of an automated system of budgeting and the management reporting on the basis of Oracle Hyperion Planning.

Goals and Objectives

The Oracle Hyperion Planning system will allow to increase transparency, speed and quality of collection of data on the branches of TransTeleCom Company located across all territory of Russia and, as a result, more precisely to create the budget of the large telecommunication enterprise.

Choosing a Solution

The CORUS Consulting group became the partner of the project in system implementation. The CORUS Consulting group is a platinum partner of Oracle corporation and has considerable experience of project implementation on improvement of processes of budget management for the enterprises of telecom industry.

"The TransTeleCom company works practically in all regions of Russia and has branched filial structure. Within the project on implementation of an automated system of maintaining the management reporting and budget planning we set as the purpose to simplify data collection from all divisions of the company, to accelerate process of their aggregation and the analysis, - Anna Revva, the Head of Department of economy and finance of a TTK commented. – Today the solution Oracle Hyperion Planning is implemented in all branches TransTeleCom, its integration with other accounting systems of the company comes to the end".

"In implementation process of the project works on synchronization of the main budgeting model of department of economy and finance, the private budget models used in divisions, model of budget data of the shareholder of the company were carried out. The uniform budgeting model from data entry of divisions before formation of the consolidated statements of group is as a result constructed, the matrix system of approval is developed and customized. – Alexey Sverdlov, the head "Budgeting" of department of CPM CORUS Consulting Group comments. – "And within trial operation of a system real budget data on TransTeleCom group were created".

"It is pleasant to note that the largest companies of Russia, including the five of the leading Russian telecom operators, use Oracle Hyperion Planning. And the project success in a TTK confirms that the professional approach of management directed to increase in efficiency of internal processes of management brings notable result. We are glad to keep the innovative development of leaders of the telecommunication market the products, best in the class. Oracle applications for performance management will become for Transtelecom company a source of competitive advantages, and 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.