Background
Project
The project focused on automating management accounting. It also created the basis for further efficient planning and allocation of the company’s resources. For this purpose, it was necessary to develop a unified information base.
A unified information database based on BAS was created. Automatic accounting of KPIs and payroll based on them was introduced. Automatic generation of final management reports in all areas of activity – P&L, CF, Balance – was developed.
Full information about all payment requests is stored, and the fact of payment for the request is automatically established. Automatic control of budget balances and
a unified payment procedure.
We have implemented cost allocation by divisions based on the level of sales plans. Payment requests are monitored against the planned amounts. Automatic generation of expense budgets based on planned sales has been implemented. Based on this, planning bases are automatically generated.
Results of ABM Finance implementation
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A single comprehensive information database has been created
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There has been a significant reduction in planning time
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Improved quality of information received
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Management is able to use fair management reporting
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It is now possible to control an objective and transparent picture of the business state
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Full control over budget execution and automatic reporting were obtained
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