Taber Trade introduces a management accounting and budgeting system

2021: Software Update for ITAN: Management Balance 3.0

The specialists of the company "ITAN" successfully completed the work, and without losing data and stopping accounting, they were able to update and adapt the "ITAN" system to work with the new edition of the accounting program.

Software and methodological complex " ITAN: Management Balance"

• a modern multifunctional product designed for effective management of corporate finances. The universal system, designed to meet the needs of domestic and international companies, helps to plan the enterprise for different periods of time, gain full control over business processes, make thoughtful and strategically correct decisions and fully automate financial management, including:
• management accounting and financial statements (compiled according to IFRS, RAS, GAAP);
• Budgeting and strategic financial planning;
• Budgetary control and operational management of monetary resources.

The program from "ETHAN" is a universal multi-component designer, which includes many different models, so it can be used in all industries and business areas, giving an excellent opportunity to implement high-quality financial management and management accounting in any company.

==

2014: Completion of budgeting automation

The project team of Ethan completed a project to automate budgeting according to a complex economic model of budget planning and the formation of a plan for factual management reporting in the retail network "Girlfriend" on the platform "ITAN: TRAC Management Balance," the press service of the integrator said on July 29, 2013.

Basis of the project

The management of the company "Girlfriend" needed a reliable automated system that allows you to automate the budgeting process as much as possible, which would also simplify the procedure for coordinating and approving budgets between the Central Federal District.

As a result of the tender, the implementation project was won by ITAN.

Project Progress

The implementation project was implemented according to the standard project methodology and included:

• Survey and description of budgeting methodology (budget chart of accounts, types of budgets, their relationships, actual data mapping rules, reporting forms).
• Set up the model and check it out in the test case.
• Training of users and development of user instructions.
• Pilot operation of real data budgeting system.

Implementation completed within six months. The budgeting model went through experimental operation, and the company "Girlfriend" formed the budget for 2013 in the new system.

Project Outcome

The implementation of ITAN: TRAC Management Balance has resulted in:

• Automatic generation of budget master (BDR, BDDS, BBL) based on functional budgets distributed among the Central Federal District.
• Automatic translation of RAS data to the fact of budgeting, with posting to the necessary analytics.
• Consolidation of actual data and automatic elimination of intra-group turnover.
• Development of a plan for the actual reporting of DDR and DDS on budget execution for each DFD.
• Creation of forecast balance.
• The project works were accepted by the Customer, the system is accompanied by internal IT service.

{{quote 'Bovina Svetlana, leading methodologist on accounting and automation of Taber Trade LLC (tm "Girlfriend"), noted: "Before the implementation of the ITAN: Management Balance system, we used 1C: Accounting 8 and MS Excel for budgeting and management reporting . This software did not suit us, first of all, with the inability to quickly and qualitatively obtain consolidated reliable financial information in the right areas (according to the Central Federal District).

In this regard, we selected new software to automate budgeting and management reporting. The selection was made according to the following criteria: compatibility with the current 1C system, a convenient interface for users (similar to Excel), the ability to independently change the forms of reporting by users, the ability to create individual, atypical reports for management needs for users. As a result of the tender, the choice was made in favor of the program "ETHAN: TRAC Management Balance" and the provider of implementation services: the company "ETHAN."

Implementation and adaptation of the Consolidated Management Reporting module was completed after 5 months. The implementation and adaptation of Budgeting was completed in 10 months. All current problems and wishes for an automated system have been resolved.

As a result, we received an automated plan for factual management reporting, which allowed us to consolidate information from various sources and databases in one place according to common accounting principles, the ability to quickly work with this information, its use, comparison, analysis and storage.

We evaluate the implementation, documentation and consultations of specialists well.

Most of all, I liked the client-oriented approach, the speed of execution of tasks and quick feedback. Ability to simulate reports for customer needs, create individual, atypical reports for users. "}}