The Russian office Cyklop implemented CIS and automated accounting of IFRS and RAS

In the Russian representative office of Cyklop concern implementation "Homnet is complete : IFRS". Integrator in the project - "1C: Homnet Consulting".

Prerequisites

The urgent need in automation of accounting in compliance of RAS and IFRS caused system implementation, the reporting allowing to implement required types in CIS of the company. Systems used earlier had no sufficient functionality for operational and faultless formation of the production reporting.

Solution

For automation of financial statements according to international standards (IFRS) the decision on system implementation "was made by Homnet: IFRS".

Result

The Sayklop Rus company had an opportunity of automatic cost sharing, income and expenses by predefined corporate rules and schemes. The implemented system allowed to reduce time expenditure by receiving all types of the reporting and to reduce finance costs. Automation of this process increased quality of accounting information at the expense of an exception of inevitable distortions at parallel accounting. As a result, employees Sayklop Rus spend for formation of one report no more than 10 seconds. Earlier on it not less than one day left.

Customer's Feedback

The chief accountant of Sayklop Rus company Anastasia Taradze considers that creation of CIS on the 1C:Enterprise 8 platform covering all circuits of activity of the company resulted in positive results. The company is happy: accounting information is broadcast by the configured rules from 1C: Accounting 8, and on those sections which cannot be transferred from the Russian accounting (OS, NMA, RBP, revaluation, impairment), account is kept directly in an IFRS subsystem.