Sentiss Rus (ITAN: Management Balance Sheet)

2023: Launch of the Procurement Management subsystem into trial operation

The following activities were carried out during the implementation process:

• Survey and writing TP for setting up the budgeting model
• Set up planning and reporting according to the Customer's model.
• Cash distribution between accounts is set up;
• Development and automation of the album of treasury reporting forms;
• Automate the formation of requests for spending funds;
• The creation of a payment calendar has been implemented;
• The process of approving budgets and payments is automated.

Results obtained:

• Automation of management accounting;
• Plan-fact analysis for all necessary analysts;
• Reduce labor costs;
• Increase the speed and robustness of the payment request approval process. Control of payment terms;
• Prompt formation of payment registers and primary payment documents;
• Avoid cash gaps;
• Control over the execution of the payment budget.

Project term: March 2023

2022: Automation of management accounting under IFRS

The following activities were carried out during the implementation process:

• Regulation of lists of reports, formats, amendments to IFRS;
• Installation, configuration and connection to the common core of the ETHAN: Management Balance system of the ITAN: IFRS solution;
• Application of IFRS reporting methods, development of financial position statements and IFRS balance sheet;
• Pilot operation of the system and maintenance;
• Support, methodological and consulting support;

Results obtained:

• Automation of IFRSs on the IFRS Chart of Accounts for one COU
• Standard IFRS reporting forms: statement of financial position, statement of comprehensive income, ODDS and statement of equity flows
• Non-accounting transactions recorded in management accounting and IFRS
• Procurement Management
• Reduce labor costs
• Procurement budget execution control and budget balance
• Increase the speed and robustness of the purchase requisition approval process
• Monitoring the occurrence of obligations and deadlines

Project term: February 2022

2021

Budgeting Automation

The following activities were carried out during the implementation process:

• Survey and writing TP for setting up the budgeting model
• Set up planning and reporting according to the Customer's model.
• Set up a list of management reporting forms, budgeting in the system "ITAN: Management Balance"
• Commissioning of "Budgeting" functional units for commercial operation;

Results obtained:

• The configured budgeting model allows you to plan in detail and conveniently all the indicators of the enterprise: sales, purchasing, warehouse, costs, mutual settlements.
• Operational formation of the necessary financial reports has been implemented: MDD, CDD, Balance Sheet.
• Reports can be generated for a given period in total, on a cumulative basis, and it is also necessary to expand data on a monthly basis, according to the Central Federal District, articles, item groups.
• The ability to fill in comments in budgets for each month, which should be stored and, if necessary, fall into the reporting form.
• Corporate training of personnel on the skills and principles of working in the system;
• The system has been put into trial and commercial operation;
• Load finished budget data to create postings to the PLAN scenario

Management Accounting Automation

Works performed:

• Diagnostics of the existing accounting and analytical system, description of business processes, determination of information needs of the company
• Set up and automate the rules for obtaining actual information for management accounting for each account and analytical indicator according to TA
• Setting up budget model and management accounting model, setting up documents for processing received actual data, data translation system
• Automated Mepping from EPU to Management Chart of Accounts with Advanced Analytics
• Consulting and user support

Results obtained:

• Survey, writing of technical proposals (TP) for management accounting. Set up the link between the BU and CC accounts (including posting differences)
• Set up account orders (max. 5)
• "Tincture of management report templates: PnL, CF, BS"
• End-to-end testing of settings on a copy of the work base and preparation of a test report
• Transfer the configuration and settings to the work base, write the migration protocol, fill out the correspondence of the directories
• Record keeping documentation
• User Group Training + Administrator Training
• Trial operation for 1 month and settings for additional requirements
• Additional modifications and adjustments based on the results of trial operation

Automation of management accounting under IFRS

Works performed:

• Automation of management accounting on the management accounting chart of accounts for one COU.
• Formation of management reports.
• Automation of IFRSs on the IFRS Chart of Accounts for one COU.
• Standard IFRS reporting forms: statement of financial position, statement of comprehensive income, ODDS and statement of equity flows.
• Non-accounting transactions are recorded in management accounting and IFRS.

Results obtained:

• Survey, writing of technical proposals (TP) under IFRS
• Set up the link between BU and IFRS accounts
• Setting up additional transactions within IFRS (setting up accounting orders, calculating reserves)
• IT and IT calculation setup

Tincture of IFRS templates:

• Statement of Financial Position
• Statement of comprehensive income
• Cash flow statement
• Capital Statement "
• End-to-end testing of settings on a copy of the work base and preparation of a test report
• Transfer the configuration and settings to the work base, write the migration protocol, fill out the correspondence of the directories
• User Group Training + Administrator Training
• Trial operation for 1 month and settings for additional requirements
• Additional modifications and adjustments based on the results of trial operation