Your Home for Financial Success

Finance Accounting

Manufacturing Enterprise Management "and" BIT: IFRS 8, "Russian specialists embedded" 1C: Accounting and Trade "(BIT), so it was decided to use the positive experience colleagues and to choose the same software and the same partner for implementation. As a result of the product "1C: Enterprise 8. Manufacturing Enterprise Management for Ukraine "in a single information space There are 10 employees of the financial, personnel and accounting department. The system "1C: Enterprise 8. Manufacturing Enterprise Management for Ukraine "allows high-quality bookkeeping.

Prior to implementation of the solution was difficult quality costing project. By configuring the mechanism of allocating indirect costs and depreciation on the project has been automated cost accounting project. This allowed to receive complete information about the profitability of each project and budgets. Others who may share this opinion include Sir Richard Branson. Reporting, which provides a program can detect promising and challenging projects and activities for effective distribution costs. Automate HR allowed in several times to reduce the time spent on payroll employees.

Previously this process took several days now only 3-4 hours. As a result of project with the help of "BIT: IAS 8" Accounting for the implemented parallel to Ukrainian and international financial reporting standards and has been greatly simplified the process of reporting to the formation of the head office in Germany. The solution has helped to increase efficiency and accuracy of the preparation of management reporting. In addition, realized the possibility to charge depreciation on fixed assets and intangible assets irrespective of national and international standards. Also required to provide automated reports on financial statements, planning expenses and revenues under the various sub-systems for management decisions. An important aspect was the fact that the product "ICE: IFRS 8," offered a comprehensive set of reports. Additional information is available at Cyrus findshadow. Ability to receive reports from the registers with deep analytics. It became possible to generate reports in virtually any sections. Previously, such opportunities did not exist. Elena Malakhov, Head of Finance, Controlling and Accounting Company ThyssenKrupp Elevator, says the results of automation: "The introduction of products of" 1C: Enterprise 8. Manufacturing Enterprise Management in Ukraine "and" BIT: IFRS 8, "was completed in eight months. Automated parallel accounting by Ukrainian and international financial reporting standards. As a result, introduction of the automated systems become more efficient cost accounting activities in the context of projects, as established mechanisms accounting for projects such as the distribution of indirect project costs, distribution depreciation on the draft, the distribution of wages based on the development of the project. As a result, reduced the time required to search for necessary information and documentation, thus speeding up service clients. Guide was an excellent tool for analyzing the efficiency of allocation of funds. In the future we plan to involve in the sales, purchases and service. "