L Etual, retail network (IBM Cognos TM1)

Rapid expansion of network of perfumery and L'etual cosmetics was integrated to natural increase in volume of the financial information requiring accounting and processing. For the solution of this problem process of migration from the former solution IBM Cognos Planning on a budgeting system of IBM Cognos of TM1 was initiated.

As a result of migration business process of budgeting of L'etual company all routine transactions were automated, costs of time and resources are minimized, the transparency key budget process is reached, the necessary flexibility and possibilities of review of the budget is provided.

Commenting on project results, Zaytsev Nikolay, the Chief information officer of L'etual company, noted: "Preparation and approval of the budget - one of the major business processes everyone the companies therefore we entrusted automation of this direction to the checked partner - Columbus company. Relying on the previous skill of cooperation, we could prepare and implement optimum migration, having adapted systems capabilities to requirements of our company. As a result we received the right tool allowing not only to create quickly the budget, but also to control its embodiment in life and to obtain analytical data for increase in efficiency in the future".