Automation of financial accounting based on SAP.
Svyaznoy Chain LLC
Svyaznoy | Euroset is a large high-tech retailer. The company has over four thousand stores across Russia with over
a million customers every day.
Create a unified platform for budgeting, planning and IFRS Consolidated Financial Statements.
The project aimed at unification of silo corporate systems with similar functions on a single platform.
Prior to the implementation of SAP BPC, planning, approval, budget enforcement and IFRS statements
processes were partly automated. Some operations were performed outside of information systems and not
Before the project started, Svyaznoy’s management had defined basic requirements to the solution, such
as reduced reporting periods, simplification of operations, improved data quality, reduced support costs
and increased system reliability.
During the project, a unified platform has been implemented with consolidated corporate reporting,
analytical processing, retail payroll and other processes. Data is constantly downloaded from SAP ERP
and corrected with automatic adjustments, so reports are generated within several seconds.
Days to collect data for budgeting
Reduction of the system TCO
The unified integrated solution enables full and effective management of all business processes, operations and functions related to data collection, processing, and reporting.
The company management has access to relevant information, which improves the decision-making process.
Due to the modern database SAP BPС is based on, the reporting generation process which takes several seconds, instead of 3-4 hours.
Data collection period for budgeting process reduced to 2-5 days, instead of one month.
There is no longer a need in experts, who used to support several solutions for budgeting, planning, and reporting, which reduced the IT infrastructure service support costs.
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Retail Process Management