Insystems switched to Bit.Finance

2022: Transition to Bit.Finance saves 22 million a year

Engineering construction company Insystems"" abandoned SAP in favor of the Russian the system. BIT.Finans.Holding Now they save 22 million rubles a year: 12 million on maintenance, and programmers another 10 million on regular deposit. At data the same time, the updated system is more functional - all reporting is consolidated in one place, procurement and procurement are automated. This was budgeting announced First Bit by the company "" on October 13, 2022.

BIT.Finans.Holding replaced the companies with several disparate programs at once. Specialists of the central office IT-integrator "First Bit" transferred processes and data on all types of accounting to the system:

• regulated accounting - from 1C: Accounting Department;
• Operational accounting - from SAP ERP
• agreement of contracts - from proprietary software;
• fact collection and budgeting - from Excel.

Now the managers of the holding can control financial and management activities, conduct cost planning and the payment calendar. Cash flow, profit and loss statements are now formed correctly in any cross-sections, and not only for individual projects.

The errors and payment discrepancies that occur when loading documents to several different systems have disappeared. Now all payments are confirmed by bank statements and synchronized automatically. Among the features of the project, we can note the system adapted for the needs of the company storages VAT when writing off production, so that amounts are displayed in management accounting from. tax

Thanks to a convenient payment calendar, the company can carefully plan its activities without allowing cash gaps. Preparation and updating of budgets for projects and subdivisions is automated. The project took two years, survived pandemic and personnel changes. The company is pleased with how accurate and operational accounting and analysis information about the company has become - this helps them make the right decisions, making their business more efficient.

During almost 2 years of the project, the working group from the company "First Bit" has shown itself as a reliable partner in the automation of financial processes and management accounting. The company is pleased with the functionality and capabilities provided by the product BIT.FINANS, told Ivan Kupriyanov, Director of the Department of Economics and Finance of Engineering Systems and Service JSC.