In Atomstroykompleks the implementation project of 1C: Holding Management is complete

The 1C-Rarus company in cooperation with PwC completed at the beginning of 2017 the project on creation of a system of formation of the consolidated statements in Atomstroykompleks group. With the help of 1C: Holding Management collecting of actual data from the accounting systems of four business units "ASK-construction" is accelerated, operational reconciliation of intra group turnovers, elimination and consolidation of data in uniform income and expenditure budgets and budgets of cash flow is organized. The term of preparation of the management reporting was reduced from 2 weeks till 2-3 o'clock. The management obtains up-to-date data about work of under control businesses. Rational financial planning and management of budgets more than 30 construction projects is as a result provided.

Project Objectives

The information system which would allow to accelerate obtaining the management reporting in all directions of business became necessary for the enterprise, to simplify consolidation of data and to provide flexible management with the acquired information. It was required to unify the normative reference information, to organize operational reconciliation of intra group turnovers, to increase the accuracy of financial planning.

Project Progress

Atomstroykompleks in cooperation with PwC developed new methodology of collection of data on activity of divisions. Jointly with specialists of 1C-Rarus company the 1C: Holding Management system was selected and implemented. During the project it was integrated with the solutions which are already used in group on the 1C: Enterprise platform. The project is implemented in four business units of holding.

Key project deliverables

Today data of the regulated and operational accounting are converted into data for management accounting directly in information systems of 1C which are used in each of four enterprises of holding. The managerial chart of accounts, uniform for all divisions, is created. When filling primary documents in the accounting systems of divisions the correctness of data entry and completeness of provided information for formation of postings of accounting and management accounting is checked. On the basis of the actual data obtained from the accounting systems - and it is about 260 documents daily - in 1C: Holding Management managerial reports form.

Operational reconciliation of intra group turnovers under agreements and projects is organized. Process of reconciliation of VGO, including report generation on reconciliation, the analysis, adjustment and settlement of discrepancies, was reduced from 1 week to 1-2 days. Timely the data on VGO which are incorrectly reflected by employees in primary documents of 1C systems come to light and eliminated, the discrepancies of VGO revealed at report generation in 1C: Holding Management are quickly regulated. As a result the management company obtains the specified data for formation of consolidated statements quicker, their relevance is increased.

Operational consolidation of data from the income and expenditure budget (income and expense budget) and the budget of cash flow (BCF) of business units in the uniform budget for all holding is provided. Automatic elimination of services, settlement, an unrealized profit taking into account a role of each organization on the project is organized. The consolidated statements is prepared many times quicker now: the term of preparation of reports was reduced from 2 weeks till 2-3 o'clock. The management timely makes the right decisions, and employees do not need to wait till several weeks any more to react to emergence of difficult situations in divisions.

A new system helps to plan construction projects by a uniform technique. There was an opportunity to plan project expenses taking into account the set standards, to create BDDS on the basis of conditions of payments and to control the actual budget implementation. Now the staff of different divisions of holding quickly approves project budgets, the including cost regulations, the schedule of works and terms of construction. The relevance of data at project planning is provided. Accuracy of reconciliation of planned intra group turnovers is guaranteed.

Centralized operation by the normative reference information. It is organized by the principle of a single window: in 1C: Holding Management the change order NSI, data from which then are entered to the necessary element of the reference book is created and is approved and from there are broadcast on all connected unified reference books in the accounting systems of the enterprises. As a result errors of employees when forming documents are minimized.