SOCAR (SAP BusinessObjects)

Implementing solutions SAP BusinessObjects Risk Management and SAP BusinessObjects Access Control — for risk management and compliance to external requirements (in particular, to requirements about separation of powers) allowed SOCAR to achieve cutting of costs for management of powers and also to develop understanding of importance of problems of stability of the company and influence of external and internal environment when implementing strategic plans.

Besides, the SOCAR implemented other innovative solution — SAP BusinessObjects Planning and Consolidation for preparation of the consolidated statements and forecasting and also performs development of the implemented functionality for the purposes of planning and budgeting. Based on implementation the SOCAR will become the largest user of the solution in the territory of the CIS. Implementation of this solution will allow to provide considerable reduction of the terms of preparation of the external and management reporting necessary for acceptance of reasonable business solutions.