Automation of financial accounting based on SAP in Svyaznoy
Projects  
Svyaznoy

Automation of financial accounting based on SAP.

Solutions:

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About
Company:
Svyaznoy Chain LLC

Head office:
Moscow
Industry:
Retail

Website:
svyaznoy.ru
Svyaznoy | Euroset is a large high-tech retailer. The company has over four thousand stores across Russia with over a million customers every day.
Goals
 

Create a unified platform for budgeting, planning and IFRS Consolidated Financial Statements.

Solutions
 

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 fully controlled.

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.
Result
2-5
Days to collect data for budgeting
50%
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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