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.
SAP BPC (v.10.1)
** The material is available in Russian version only
“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