Background
01
Problems of actual accounting
02
There is no single methodology for reflecting facts
Financial statements in Excel without the possibility of detailed analysis
No detailed analysis of indicators
No possibility to compare data in the period
No accounting of internal settlements is organized
Financial statements in Excel without the possibility of detailed analysis
No detailed analysis of indicators
No possibility to compare data in the period
No accounting of internal settlements is organized
03
Planning problems
04
The plans were approximate in nature and were drawn up for a year with minimal detailing of indicators
There is no plan-actual analysis in a single system
The interconnection of planned budgets is often lost
No planned balance sheet is formed
There is no plan-actual analysis in a single system
The interconnection of planned budgets is often lost
No planned balance sheet is formed
05
Problems of the payment calendar
06
There is no payment forecast
There is no automation of control of limits on financial assets and items, as well as control of accounts payable
Automation of approval of cash flow applications is required
Orders in the Client-Bank system are generated manually
There is no automation of control of limits on financial assets and items, as well as control of accounts payable
Automation of approval of cash flow applications is required
Orders in the Client-Bank system are generated manually
Project progress
An integrated approach to implementation was chosen - methodology and automation from a single source. Business processes were optimized simultaneously in three business areas.
01
The statement of the Budget Department. Regulation
02
Управлінський облік
03
Management accounting
04
Payment calendar
Results of ABM Finance implementation
Qualitative changes
-
A centralized management accounting database with up-to-date information in one place has been created
-
Accurate end-to-end planning has been implemented (analysis from the sales plan to the planned balance sheet and coefficient matrix)
-
Developed a forecast of key performance indicators for the year ahead
-
Increased marginal profitability due to high-quality factor analysis in product portfolio management
-
Scenario planning (budget change scenarios) and a full budgeting cycle with drill-down analytics to the primary document have been built
-
Reduced “manual labor” and, as a result, labor costs and time for obtaining management reports
-
An agreed budget for each CFO (avoiding manual management and lengthy approvals)
-
The company's liquidity management tool (NWC)
Відгук клієнта
А. M. Chanchikov
Financial Director of MedPharmHolding Group
«Together, we went from developing a methodology to a complete transition to the ABM Finance software product in the blocks of management accounting, budget planning and payment calendar. Thanks to the consultants' individual approach to the implementation of our tasks and the flexibility of the software product, management accounting reflected the nuances of all the main business areas of the holding, while maintaining a single accounting and reporting methodology.»
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