Background
Lack of unified financial management methodology
Need for a unified and automated consolidated reporting system
Lack of budget planning
Increased complexity in the collection and consolidation of management data
Transport invoices and reflection of discounts in the operational loop need to be improved
Need for flexible management of the payment reconciliation process
Project
Due to the company's extensive structure, business process management required comprehensive automation and consolidation. The presence of many divisions and activities required the construction of a unified financial management system.
Management fact and operational loop
A unified information database based on BAS was created. Operational accounting of transport costs and discounts is automated. Automated control of accounts receivable. Formation of final management reporting for all lines of business – P&L, CF, Balance – was automated.
Budgeting and payment management
A comprehensive budgeting system has been set up, where full information on all payment requests is stored. Budget balances are automatically monitored and the fact of payment on the Application is established.
BI analytics
Dashboards for the main reports – P&L, CF, Sales – have been set up. Separate dashboards have been implemented to analyse accounts receivable by counterparties, managers and CFOs. Management receives a visual snapshot of market conditions and inventory turnover in warehouses in the form of clear diagrams and figures in dynamics.
Results of ABM Finance implementation
The Company manages all business processes in a single loop and reacts quickly to changes in the market situation
-
A single integrated information database has been developed
-
Management receives consolidated management accounts
-
The quality of the information received has improved
-
An automated budgeting system was introduced
-
Set up an automatic process for approving requests and budget control
-
It is now possible to transparently see and control the real state of the business in the Power BI system
