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Belkamneft OJSC

Implementing an automated budget planning and consolidation system for effective managerial decision-making at Belkamneft, PJSC

Project Objectives

  1. Implement an automated budget planning and consolidation system
  2. Integrate business users into a single environment
  3. Integrate the Group accounting system with a planning and consolidation system
  4. Standardize budgeting business processes in all Group divisions

On the basis of an SAP BPC budgeting and consolidation model, ITPS fully migrated all budgeting business processes to a budget planning and consolidation system.  This ensures that the customer can collate planning and actual information for all Group divisions in a single database.

Business users of the corporate reporting department subsequently joined the system. They have additional business processes in the system which allow them to generate reports in line with international financial reporting standards (IFRS) and compare budgeting department data with that from the corporate reporting department.

Before the system became available, this comparison was not possible, because the department and all Group divisions worked with their own local systems (Excel templates) and then consolidated the information. Consolidation based on IFRS standards is a separate part of the project which can be used either separately or together with budgeting data.

Tools

SAP BPC (v.10.1)

Result

  1. Creation of an integrated budget planning and consolidation environment for effective managerial decision-making
  2. Now data may be stored in documents of different versions; the versions may be compared to take operational management decisions
  3. Automated manual reporting operations
  4. Ensuring of system flexibility in response to external and internal business changes
  5. The budget system may be customized based on user needs

 ** The material is available in Russian version only

Customer Feedback

“We’d like to thank our contractor Parma-Telecom LLC for having efficiently implemented the project and for its effective cooperation with the Customer’s dedicated project team.”

Deputy General Director for Economics and Finance, R. Tyan

Download information about the project