1C-Rarus automated procedures of closing of reporting period in Fodd Ltd

The 1C-Rarus Company automated procedures of closing of reporting period in Fodd Ltd. Implementation "1C: Manufacturing Enterprise Management 8" on the 1C:Enterprise 8 platform allowed the management to reach managements new level, to improve financial control over projects, to reduce personnel labor costs. Fodd company, being one of leaders in construction of exclusive objects of Moscow, is engaged in management of construction projects, the engineering general contract, offers construction and management consulting.

With expansion of a field of activity and, as a result, increase in volume of the processed information, the company management Fodd made the decision to use the information system allowing to obtain better data for the analysis of activity of the company.

The information system had to provide:

1. своевременное data acquisition for the plan-fact analysis,
2. получение tools for fast acceptance of management decisions,
3. сокращение data preparation terms for management accounting,
4. снижение labor costs on operations on closing of month,
5. fast providing reporting under corporate standards for external users.

One of the solutions allowing to implement assigned tasks selected the 1C: Manufacturing Enterprise Management 8 software product on the 1C:Enterprise 8 platform. As the partner for project implementation the 1C-Rarus company having wide experience of automation managerial and accounting for the construction organizations and which provided good recommendations from the clients working in this sector was selected.

As a result of implementation of "1C:Enterprise 8":

• The procedural transactions which were earlier requiring completely manual calculation for a difficult technique of the company and also the transactions requiring manual formation of a packet of standard documents with the preliminary manual analysis of the entered primary documents are automated.
• Creation, filling and canceling of carrying out regulatory documents is automated.
• The centralized search of typical errors in primary documents is provided.
• In total 14 procedural transactions are automated.

Implementation "1C: 8" provided to Predpritiye the companies the following advantages:

• the possibility of fast acceptance of the management decisions based on the actual and reliable financial information is created;
• for Board of Directors, due to efficiency and correctness of the provided data, an opportunity for financial management by the company in the ONLINE mode is provided)
• labor costs are reduced.

Lyubov Luchinina, the deputy finance director of Fodd Ltd, so estimates project deliverables: "The idea of fast closing of reporting period concerns many chief financial officers. Operational obtaining information in a month allows to control budget implementation on projects, to compare the actual indicators of the company to planned. At mismatch of the actual results planned, on the basis of solutions of the management, amendments are introduced and the analysis of the reasons of discrepancy of indicators is carried out.

Fast closing of reporting period confirms that business processes in the company are built optimum, and data are true. Operational closing of reporting period is a tool for competent business management. We successfully coped with this task thanks to creation of an information system on a basis "1C:Enterprise 8".

Earlier we used 4 databases that involved dead time upon termination of reporting period. It gives to the company the chance to react quicker to changes in business and to timely make management decisions".