< back to all projects

Furniture manufacturer

Developing and implementing a system for management accounting and budgeting at a furniture manufacturing group. Monitoring and verifying monthly reporting forms.

Furniture manufacturer

Furniture manufacturer

Developing and implementing a system for management accounting and budgeting at a furniture manufacturing group. Monitoring and verifying monthly reporting forms.

Background

As part of debt restructuring, the bank had a requirement for the client to develop a management reporting system, since there was no transparency in the financial and economic activities of the enterprise. The client did not consolidate the results of work of 5 legal entities, the information system often contained incorrect data, many processes were not automated, and financial statements were compiled for the tax authorities only

Solution

  • The GREEN team analyzed all key business processes that affected the financial and economic activities of the enterprise
  • Control of the correct write-off of costs, discounts, and spending money was designed and implemented
  • Forms of management reporting have been developed and implemented: profit and loss statement, cash flows statement, statement of working capital, and a consolidated balance sheet
  • All of the source data was analyzed and confirmed, reports in 1S were automated and configured
  • The payment process was optimized and the payment calendar was configured in 1S
  • The structure of the financial department was analyzed, reorganization and training of personnel was carried out, and the search for the financial director was carried out
  • Budgeting and forecasting processes were developed and implemented
  • A system of expenditure limits and specific indicators for financial responsibility centers was developed and implemented
  • Management reporting guidelines were prepared

Results

The client is able to independently prepare reliable balance sheets on time

Reporting is automated as much as possible

Reporting shows consolidated results for 5 legal entities

Management quickly has an accurate overview and results for the period

Effective control environment was created

Close menu
Спасибо, ваше сообщение отправлено.
Мы ответим вам в течения дня.
Close menu
Произошла ошибка