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Project

Euroset (EPM)

Customers: Euroset

Moscow; Trade

Contractors: LANIT
Product: Oracle Hyperion Financial Management (Oracle HFM)
На базе: Oracle Hyperion

Project date:
Number of licenses: 25
The project team from the customerIntegrator Consultant
Talalykin Alexander (Chief information officer (CIO))
не указана

Euroset is going to implement until the end of 2010 the system of consolidation of financial statements on the basis of the solution Oracle Hyperion Financial Management. Using a new system Euroset is going to optimize terms of closing of financial periods and providing the external reporting and also to consolidate it under Russian accounting standards and IFRS. The solution of Oracle is selected according to the results of the tender. Oracle Hyperion Financial Management is a part of the Oracle EPM System business platform.

The most important selection term of the platform was fast closing of a financial period. Besides, the possibility of support of business needs of the company in process of their growth was considered. The system integrator LANIT Ltd will be engaged in system implementation. A system will be implemented only at the central office, but will be applied to consolidation of the reporting under all companies of the Euroset group. The planned quantity of jobs in a system – about 25 people. Implementation term – December, 2010. Euroset is going to provide the reporting created in a system from 1st quarter 2011.

The company does not disclose the extent of costs for system implementation and its further support. According to the experts, the general project budget of such scale can make about 500-600 thousand dollars.