"OMK" reduced costs implementation of technology of closing of reporting periods

On July 23, 2015 the SAP company and JSC United Metallurgical Company (UMC) announced an implementation project of the SAP solution Financial Closing Cockpit for reduction of terms of closing of reporting periods. The project is implemented together with IBS company.

Project Results

Implementation is carried out in 3 months. Terms of closing of reporting periods are 6 days now — 2.5 times less, than earlier. Monthly reduction of the period of closing of the reporting for 8 days means that within a year all OMK holding spends for these transactions 1.5 months smaller, reducing labor costs and other costs.

OMK workshop, 2013

"After SAP implementation of Financial Closing Cockpit process of closing is considered as the general task of all divisions which is carried out within uniform regulations. It is the major step to accomplishment of a strategic task of holding: to creation of the uniform centralized control system of all enterprises" — Alexey Mitenkov, the CEO noted OMK-ITs.

"Strategic tasks of holding create need of the operational and authentic reporting. SAP Financial Closing Cockpit meets these requirements, allowing at the expense of the analysis of processes of closing of the periods at all levels to reveal risks of failure, to understand the reasons of their emergence and to optimize internal processes for effective business development of OMK" — Azat Nizamov, the deputy CEO of SAP CIS emphasized.

The SAP solution Financial Closing Cockpit is integrated in an IT landscape of holding. For July 23, 2015 350 users work with it.