Donbasenergo

One of the largest electricity producers in Ukraine. It has two thermal power plants - Starobeshevskaya and Slavyanskaya TPPs. The company also includes Donbasenergospetsremont, Donbasenergonalagranizatsiya, Teploelectroproekt, Energotorg and others.

1930

The company was founded

2880 MW

Total capacity

Companies

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Background

State-regulated activity

Services are provided to internal and external customers

Plan-actual analysis and budget consolidation takes a lot of time

Planning and actual accounting are performed in different programmes

The budget is prepared in Excel

Lack of a unified methodology for generating reports for different structural units

It is difficult to exclude other costs from the cost of generation

The need to transfer costs between departments

Project

Special attention was paid to consolidating data into a single system. To this end, we developed a structure of financial responsibility centres and a unified financial management methodology. All of this allowed us to automate the crucial processes of budgeting, plan-to-fact analysis and planning. Finally, business intelligence was introduced to enable quick and clear analysis of business processes and the company's overall position.

Developing the structure of the Financial Responsibility Centre

Modelling a multi-scenario planning system

Customise costing and cost allocation to meet government requirements

Preparation of a form for budget submission by each unit

Transferring costs to costing

Implementation of the ability to analyse the structure of costs by divisions and the company as a whole

Setting up BI analytics to analyse key indicators, dynamics and performance results in convenient dashboards

Results of ABM Finance implementation

Qualitative changes

Unified financial management methodology and transparent rules of the game for all
Automated budgeting system: effective management of income and expenses, CashFlow at the planning stage
Automated management accounting system: the possibility of timely and audited plan-factual analysis
Transparent reporting in a single information system
BI analytics has been implemented: top management uses informative reports in the form of dashboards, graphs and charts
Final reporting is promptly generated in terms of plan and actual
The information system is ready for business growth, development and scaling
Planning through the budget order and planning of payments and expenditures on the basis of one document have been implemented