Segezha Group Introduces Ramax Group's Domestic Tax Monitoring System

2023: Implementation of a tax monitoring system

The Segezha Group timber holding, in cooperation with RAMAX Group, is introducing the Tax Monitoring information system at its assets. The Data Showcase. " The implemented system will help ensure reliable online interaction of the holding with Russian tax authorities. Ramax Group announced this on May 30, 2023.

RAMAX Group experts have completed the whole range of work: from methodological support to finalizing the standard system configuration for the Karelian asset Segezha Group - Segezhsky Pulp and Paper Mill JSC.

The system was implemented as a showcase based on SAP S/4HANA. It was integrated with the accounting system, as well as with electronic archive and document management systems. The RAMAX Group solution automated the implementation of control measures by tax authorities. It covered: value added tax, corporate income tax (including income tax on foreign legal entities), property tax on organizations, transport and land tax, insurance premiums, personal income tax, financial statements. It has already begun to be replicated to other enterprises of the holding.

Segezha Group pays special attention to financial stability, business transparency and strict compliance with legislation. The introduction of the tax monitoring system was an important and logical step for us, thanks to which we not only reduced tax risks, but also confirmed our principles of openness and business transparency in practice, "said Anastasia Svetonosova, director of tax planning at Segezha Group. - Thanks to the professionalism and expertise of the RAMAX Group team, the project was completed in full in compliance with the requirements of government agencies and within a strictly agreed time frame. Our cooperation does not end there, the plans include further replication of the solution in the holding companies, development of its functionality.