Korus Consulting consolidates the reporting of Playrix units in Europe and Russia

2021: Start of the project for the development of the system "1C: Management of the holding"

On October 21, 2021, Korus Consulting Group announced the start of a project to develop the 1C: Holding Management system for Playrix, one of the international developers of mobile games. The company consolidates IFRS reporting for all business units. This minimizes routine procedures in the preparation and consolidation of data, accelerates reporting, makes it transparent and reliable.

Within Playrix, many financial transactions are performed: departments keep records according to the principles and in the currency established in the countries of presence, and use different systems. In order for management and internal users to get high-quality reporting faster, it was necessary to optimize processes. Therefore, the company decided to consolidate IFRS statements on the basis of 1C: Management of the Holding. KORUS Consulting specialists perform the project together with the Playrix team.

"1C: Management of the Holding" will receive data from different source systems, formed according to local accounting rules, and then transform according to common IFRS standards. KORUS Consulting specialists will develop a methodology for automating reporting processes. They will set up parallel accounting for a number of blocks, closing procedures, consolidation and other operations, as well as help provide management analysts with IFRS data. Thus, management reporting will be formed without additional labor costs.

Playrix is actively developing, working to improve existing projects and launch new ones. To manage the company more effectively, we needed a single system that would provide us with transparent data on the results of the whole company. To implement this project, we chose KORUS Consulting, because they have great experience in the field of automation of financial processes, "said Timofey Schekurin, Head of Accounting, Playrix.

The system will allow Playrix to correctly and quickly collect reports, analyze financial results throughout the group of companies, and compare data with previous periods and track dynamics by year. This will ensure the transparency of financial data for all departments with strict compliance with local and foreign legal requirements. For the project, we have formed a strong team of experts that will help Playrix realize its business tasks, "commented Igor Rybakov, sales director of the ERP group of departments of KORUS Consulting Group of Companies.