Daughters-Sons (1C: Holding Management)

2021: Implementation of unified consolidated accounting and management statements and automation of business processes

Prior to the introduction of the unified consolidated accounting and management statements and automation of the company's business processes, the group of companies accounted for 6 separate accounting bases and 1 management accounting base, which were separately developed and finalized. In addition, there were a number of other difficulties:

• Significant additional maintenance costs for multiple systems
• incomparability of accounting and management accounting data;
• a long process of closing and providing final reporting;
• Low performance due to large amounts of documentation
• difficulties in the formation of consolidated financial statements without GI turnover;
• Restore the closing sequence within 20 days
• Significant time costs for planning and budgeting processes that were maintained in Excel.

To solve the described problems, RDV was invited in November 2020, whose specialists completed the following tasks:

• Transferred 6 disparate bases "1S.Buhgalteria of the enterprise" into a single system "1C: Holding Management";
• We optimized the current integration with the 1C operating system: Trade management;
• NSIs were centralized;
• We changed the integration processes for obtaining unnecessary analytics for accounting (rejection of item items, rollup to product categories), curtailed several million SKUs to 10 categories;
• Automated reconciliation and creation of documents on VGO in 1C: Holding management;
• Ensured traceability accounting (RNPT) with the effect of reducing the nomenclature to product categories;
• The mechanism for loading plan data from Excel was improved to ensure analysis control during loading;
• Ensured end-to-end control of the filling of analysts in all documents of the budgeting and treasury units;
• Finalized control of planning documents on budget reserves;
• Developed mechanisms for creating and filling accrual documents based on planned data;
• Developed a consolidated register of payments for the group of companies;
• Set up evidence collection mechanisms for analytical reporting;
• Developed analytical reports, including consolidated ones.

Project deliverables:

For accounting:

• Development and implementation of accounting and tax accounting methodology with optimization of current business processes;
• Reduction of document flow within the group of companies by 30% due to changes in accounting processes;
• Acceleration of accounting closing processes by 3 times due to changes in the document flow chain when purchasing, moving and selling goods within the group;
• Decrease in transactionality by more than 10 times;
• Shorten the period-end closing time.

For management accounting:

• Improvement of budget control over expenses in the company;
• Ensuring comparability of accounting and management accounting;
• Successful implementation of treasury processes for timely planning and management of the company's financial resources;
• Development of management accounting in terms of analytics;
• Reduced time to generate management reporting.