RusHydro changes SAP to 1C

2024: Replacing SAP with "1C"

On September 10, 2024, the company RusHydro"" announced TAdviser the implementation of the to import substitution system project. SAP The project has been implemented since February 2024 together with the Holding. " T1 Work is underway on the development of the accounting system platform "."1C

source = "RusHydro"

"The transition to the domestic 1C platform was an important step for us in the implementation of the digital transformation strategy. The project is designed to ensure technological independence from foreign suppliers, increase the level of information security and create a single integrated management system. In the future, we plan to use the experience gained together with Nota to implement new joint projects, "said Alexander Charikov, Deputy General Director of RusHydro.

According to RusHydro representatives, import substitution of a foreign ERP system for a large energy company is a difficult and large-scale task that requires an in-depth analysis of existing business processes and the development of an effective information architecture.

Within the framework of the project, T1 specialists need to create a unified information environment that can integrate key functional blocks to optimize resource management, increase transparency of financial transactions and improve decision-making. The terms of cooperation also provide for the integration of the created platform with the Tax-3 AIS.

Among the main functional units of the system: reporting under RAS and IFRS, tax accounting, tax monitoring, transfer pricing, budgeting, analytical reporting, etc.

The successful implementation of the project will allow RusHydro to maintain and improve management efficiency, control over financial flows, as well as ensure compliance with modern accounting requirements. As conceived by the company, a systematic approach will ensure the integrity and interaction of all elements, creating a solid foundation for the further development of RusHydro in a rapidly changing market.

As Kirill Bulgakov, Managing Director of Nota, Deputy General Director of T1 Holding, clarified, the project implies a comprehensive modernization of the company's financial management, taking into account industry specifics and new rules for business interaction with the state.

In the future, partners plan to expand interaction. In particular, RusHydro and the vendor of the domestic software Nota (Holding T1) entered into a cooperation agreement. The partners plan to implement a number of projects in the field of import substitution of information technologies in order to improve the reliability of the digital infrastructure of the energy company.

As part of the RusHydro Group's digital transformation strategy for 2022-2024. with the prospect of 2030, a number of projects are envisaged to improve the efficiency of core activities while maintaining the reliability and safety of energy facilities. The program focuses on import substitution, in particular the use of Russian software and the use of artificial intelligence technologies.