Trading System Administrator of wholesale market of the electric power (automatic telephone exchange) controls the current and planned costs and income

The 1C: Accounting and Trade company (BIT) completed the project of automation of work of financial service in the company which is engaged in establishment of limit electricity rates, JSC ATS (Trading System Administrator of wholesale market of the electric power) using the solutions "1C: Accounting 8" and "BIT: Treasury and Budgeting". According to the results of the project planning processes, the analysis and control of income and expenses in JSC ATS are automated, annual formation of a rate for service in the organization of trade in electrical energy and power in wholesale market of the electric power is significantly simplified. As a result it is provided exact and operational forecasts of investment soundness and sales volume of the electric power for the population of the Russian Federation.

Basis of the electricity market is the competitive selection of price requests of suppliers and buyers which is carried out by JSC Trading System Administrator (TSA) one day before real electrical supply with determination of the prices and delivery scopes at each o'clock of day. On September 1, 2006 the order of the Government of the Russian Federation put into operation the new model of wholesale market of the electric power and power of a transient period which received the name NWMEP — New Wholesale Energy Market. Tasks of JSC ATS is the organization of trade in wholesale market of the electric power and power, ensuring calculations for the deliverable electric power and services, providing equal conditions for participants of wholesale market of the electric power, development of rules of the market and control over their observance, the organization of a system of pre-judicial dispute settlement between participants of wholesale market and control over actions of the system operator.

Management accounting in the company was kept using spreadsheets that took a lot of time and quite often led to errors. For conducting biddings by the electric power of JSC ATS uses a specialized software. A system which will allow to automate management accounting according to specifics of business and will be integrated with own product was required for the company. Due to the development of JSC ATS the decision on software implementation for automation of formation of an electricity rate of JSC ATS regulated and management accounting was made.

It was required to increase quality of planning and to strengthen control over a funds expenditure.

The 1C: Accounting and Trade company (BIT) having long-term experience of successful implementations of the systems of management accounting and budgeting became the partner in implementation. For project implementation the solutions "1C: Accounting 8" and "BIT were selected: Treasury and Budgeting" as they allow to achieve effective objectives at optimal costs for implementation and maintenance.

The project was executed within 2 months that allowed the management to prepare annual financial statements in time.

The automated system "1C: Accounting 8" solved problems:

• accounting and tax accounting;
• accounting of banking and cash activities;
• settlement with partners;
• calculation of fixed assets and intangible assets;
• payroll accounting.

As a result of product introduction "BIT: The treasury and Budgeting" are automated basic processes of financial accounting: planning of funds of the company, cost accounting of a unit of production (rate for service in the organization of trade in electrical energy). The uniform centralized treasury for control of a funds expenditure is created.

Opportunity on the basis of summary information of different budgets to obtain exact data on the cost of a unit of production and more effectively to control profitability of the enterprise became the main result for JSC ATS.

Using a system the budget model used in the company is completely automated. On the basis of each budget the form of filling of information, approval and a statement is developed. For example, for budgeting of investments and amortization an opportunity to predict acquisition of fixed assets and intangible assets in the next period is implemented. In a project deliverable it is provided exact and operational forecasts of investment soundness and sales volume of the electric power.

Project deliverables are commented by Ekaterina Sidyakova, the chief of JSC ATS planned budget department: "The automated system on the 1C:Enterprise 8 platform helped to reduce labor costs and, as a result, to reduce the probability of emergence of errors when forming financial plans and calculating a rate for service of JSC ATS. Calculation includes an algorithm of consolidation of planned costs of the company of a future period and also actual expenses of the organization for previous periods which was successfully implemented in a system. The project is executed within 2 months".