CorpSoft24 optimizes financial flow management at IDF Eurasia fintech group

2025: Implementation of "1C: Holding Management 8"

CorpSoft24 has optimized financial flow management at IDF Eurasia fintech group. This was announced by CorpSoft24 on February 7, 2025.

The Company has CorpSoft24 introduced into the information system "Centralized Treasury" on the basis of the platform "1C: Holding Management 8."

The management of IDF Eurasia decided to implement the information system "Central Treasury" to improve the efficiency of financial flow management and ensure transparent control over the cash flow of all the Group's enterprises.

The Centralized Treasury system allowed the customer to comprehensively automate the processes of planning, cash flow control, financial contract management, and increase the speed and transparency of financial transactions.

In addition, the risk of potential errors that company employees can make by performing typical manual operations has been minimized. Consolidated financial data can be conveniently analyzed, based on them, accurate and objective reporting at any level and time slice.

The implemented functionality is valid for all the Group's enterprises, which guarantees the uniformity of their approaches to financial management. The system was also integrated with four external customer accounting systems. The large amount of work on the project was due to the different level of digitalization and geographical distribution of IDF Eurasia assets.

To improve business efficiency, all companies of our Group must operate in a single information environment, according to general principles and standards. The implemented system "Centralized Treasury" just became such a single environment in the field of financial flow management. It provided centralized control over the flow of funds, increased the transparency and manageability of the Group's financial resources, - said Maria Merkurieva, Deputy Financial Director of IDF Eurasia.

To bring together, synchronize all customer processes, we had to apply a number of complex technology solutions in the field of integration. Another interesting challenge for us was the implementation of the personal income tax calculation module under contracts with investors, which was supposed to take into account the upcoming changes in legislation (the introduction of a progressive personal income tax scale) and customization to the requirements of each of the IDF Eurasia client groups. We also created a budget model that allows you to control cash limits at different levels, and a complex reporting system that corresponds to the specifics of the Group's companies, "said Yulia Nosova, CorpSoft24 project manager.

After the implementation of the system, CorpSoft24 specialists continue to refine and support it. The plans include further development of the system taking into account the new business tasks and requirements of IDF Eurasia.