"The first Bit" increased effective management of cash flows in Perspective

2019: System implementation "BIT. Finance"

On October 18, 2019 The First Beat company reported that it implemented the BIT.FINANS system in the Perspektiva energy company. Thanks to it labor costs were reduced by financial accounting and preparation of the reporting. Besides, the speed of approval of documents of the management of the enterprise increased.

According to the company, Perspective is engaged in production of electro-and thermal energy in Chelyabinsk region. For October, 2019 representations are located in 5 cities of the region and provide with energy of wholesale buyers.

Level of a regulation of budget management in the company is rather high. A large number of employees – about 50 participates in budget process. It not only company executives and staff of financial and economic services, but also specialists of sales office and other divisions.

To the draft of the request formed in paper form. Because of the large volume of documents some of them could be duplicated, be approved long by heads on the set regulations. On processing of requests and entering of data into Excel big labor costs were required. Because of failure in settings of a system information on payments had to be recovered manually.

Besides, there were problems with incoherence of payments and the approved budget. Payments were made not systemically. Because of the large volume of documentation it was difficult to control them.

Also the high labor input of collecting of the actual budget of cash flow (BCF) was noted. It gathered manually by selection of information of accounting, managerial and operational accounting.

To solve these problems, experts of the First Bit implemented the BIT.FINANS system in Perspective. It allowed to improve procedures of planning of operational management of money, to provide higher level of vising of documents and their approval. Using the program process of interaction between divisions of the company when planning BDDS was also automated.

One of the main advantages of the implemented system – electronic financial document management when in the program a large number of users at the same time works. At the same time for everyone the access rights are configured. To the employee the notification that for it the task arrived comes and he needs to vise the request or the register of payments. Such approach allows to increase efficiency of interaction between divisions. Iskander Sultanov, the expert in financial accounting of The First Beat company told

The management and contractors can keep track of the statuses of requests for a funds expenditure, registers of payments at each stage now: from the moment of creation of the request before payment. It is very convenient. And using mobile application of "BIT.FINANS" in any place and at any time it is possible to manage process of approval of documents and to accelerate acceptance of finance solutions. Ekaterina Kuznetsova, the head of the finance and economy department of Perspektiva company told