Rosterminalugol starts the project of automation of management accounting

The 1C: Accounting and Trade company (BIT) implements the project of automation of management accounting in Rosterminalugol company on the basis of the solution "BIT .FINANS".

Tasks

Budgeting and costs planning at the enterprise was conducted in spreadsheets. Collecting of actual data from accounting was performed by economists manually. The management Rosterminalugol decided to optimize this section of a task using an industry system. After studying of the solutions existing in the market, the BIT .FINANS software product which developers is BIT company was selected.

Solution

Now control of finance of the corporate sector at the enterprise is exercised in the BIT .FINANS system. Among project deliverables – reduction of time for collecting of actual data according to the income and expenditure budget, reduction of risk of cash gaps and also increase in data transparency about cash flow.

Result

Use of the BIT .FINANS system provided to the Rosterminalugol enterprise several advantages:

• Processing procedure of accounting data for management accounting accelerated. On collecting of the fact earlier on budgets 2-3 days whereas now the user can create budget reports in 30 minutes left.

• When accounting actual costs there was a possibility of additional analytics which is used in management accounting.

• Now financial service and accounting work in uniform base that allowed to exclude repeated information input when forming the register of payments.

Opinion

"The BIT .FINANS system allows us to process large volumes of information, to control a status of settlement, to create detailed analytical reports, including on structural divisions. We can timely carry out the assessment of a financial status of the enterprise that allows to minimize possible risks and to increase maneuverability of the company", - Tatyana Viltsova, the chief financial officer of Rosterminalugol company noted.