Krastsvetmet (Krasnoyarsk plant of non-ferrous metals of V.N. Gulidov) (1C: Holding Management)

2020: Implementation of subsystems Currency exchange control with direct integration with banks on host-to-host and "Financial transactions"

On one system implementation of two large-scale functional units was executed: Currency exchange control with direct integration with banks on host-to-host and Financial transactions for corporate treasury.

The project description regarding a subsystem Currency exchange control

Main objectives of the Project regarding Currency exchange control became:

• Creation of a common information space in which processes of currency exchange control regarding preparation and adjustment of documents, tracking of terms, reconciliation with banks and other functions of currency exchange control should be executed;
• The organization of information exchange between the Currency Exchange Control of Host-to-host system (the built-in subsystem in 1C: Holding Management 8 configuration) with the existing systems of the Customer;
• Creation of the online channel of exchange of finance documents on host-to-host technology between the Currency Exchange Control of Host-to-host system and bank (Sberbank), including an opportunity in an effect to connect similar exchange with other banks, without making changes in a system.

In an implementation project deliverable based on "1C: Holding Management 8" the functional unit the "Currency exchange control of host-to-host" (as the built-in subsystem in 1C: Holding Management 8) integrating in itself the following business processes was set and adapted:

• Work with agreements of external economic activity and changes to them,
• Work with Supporting documents,
• Work with Outgoing payments,
• Work with Incoming payments,
• Direct exchange with bank on host-to-host technology for exchange of all document types of currency exchange control,
• Automatic data loading about customs declarations from base of the Federal Customs Service;
• Control of an adherence to deadlines.

Project deliverables regarding Currency exchange control:

• 1. The uniform landscape of financial IT systems of the company due to integration between a system Currency exchange control (based on the 1C: Holding Management 8 configuration), SAP ERP and electronic archive (Tessa) is created. The synergy is received from integration with SAP the ERP system in which payment process of Treasury of the company is implemented;
• 2. Processes of currency exchange control are performed by the principle of one window in functional unit "Currency exchange control of host-to-host" which is built in the 1C: Holding Management 8 configuration, including processes of exchange of statements, ruble and currency payments, messages of a free format and all document types of currency exchange control with bank (Sberbank) that reduced labor costs by service of functions of exchange with banks for 90%;
• 3. Integration into corporate reference books by partners, agreements is executed;
• 4. Risks of loss of information at transfer of documents through e-mail are leveled, about 40% of documents;
• 5. Time of payment processing, falling under Currency exchange control for 50% is reduced;
• 6. The basic control functions which are earlier executed by currency exchange control specialists manually are automated;
• 7. Due to setup of the automated control environment potential risks on not providing documents in banks and not to timely receiving / repatriation a currency earnings are reduced;
• 8. Automatic formation of documents of currency exchange control (References, Statements under contracts and so forth) on the basis of data of a system of Currency exchange control is configured that lowered labor costs of employees which perform functions within business processes of currency exchange control by 60%.

As a result of implementation of this project of JSC Krastsvetmet received the information system solving assigned tasks, and providing the reliable and flexible platform for further automation of financial function.

The project description regarding a subsystem "Financial transactions"

The customer within several years used a self-written system for accounting of financial transactions and report generation on corporate finances for the management, accounting, banks and other purposes. Need of implementation of other system for management of corporate finances is caused by need of implementation of requirements which to implement in a former system it was not represented possible.

Project scope regarding Financial transactions included the following functions:

• 1. Management of placements
• 2. Management of attraction
• 3. Management of covenants
• 4. Management of transactions of providing

According to the results of project implementation regarding Financial transactions the following results were received:

• 1. For short term (within 1 month) migration of opening balances and the history of financial transactions is made;
• 2. In 6 months during which the project was implemented the basic functionality of a system was set and configured, trial operation is carried out, all necessary reports and forms and also all necessary additional functions are implemented.
• 3. The complete convergence of data in monthly reports for accounting is provided. In a system integration with electronic archive is provided.
• 4. The customer received required reports which were unavailable in the previous system.