SickretTechnologies (ITAN: Management Balance Sheet)

2022: Launch of management accounting and budgeting into commercial operation

The following activities were carried out during the implementation process:

• Survey and writing TP for setting up the budgeting model
• Setting up month-end closing algorithms.
• Setting up the budget adjustment functionality (many scenarios).
• 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 was conducted.
• The system has been put into trial and commercial operation.

Project term: April 2022

2021

Budgeting Automation

The following activities were carried out during the implementation process:

• Survey and writing TP for setting up the budgeting model
• Setting up month-end closing algorithms.
• Setting up the budget adjustment functionality (many scenarios).
• 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;

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 Rig to Management Chart of Accounts with Advanced Analytics
• Consulting and user support

Results obtained:

• Automated data collection process to generate management reporting on the necessary rules for the enterprise.
• Reports set up: Management balance; Statement of cash flows; Statement of Financial Results.
• Detailed cost of finished goods according to costing items.
• Increased accuracy of cost calculation.
• Management accounting is implemented on the management chart of accounts.