Vartis

Since 2016 the leading Ukrainian metal trader. Provides comprehensive supplies of rolled metal products to construction sites and industrial enterprises. The company is actively engaged in the development of its own wholesale and retail metal centres throughout Ukraine.

>20

Years on the market

Metal centres in Ukraine

Own factory

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Background

Lack of unified financial management methodology

Need for a unified and automated consolidated reporting system

Lack of budget planning

Increased complexity in the collection and consolidation of management data

Transport invoices and reflection of discounts in the operational loop need to be improved

Need for flexible management of the payment reconciliation process

Project

Due to the company’s extensive structure, business process management required comprehensive automation and consolidation. The presence of many divisions and activities required the construction of a unified financial management system.

Management fact and operational loop

A unified information database based on BAS was created. Operational accounting of transport costs and discounts is automated. Automated control of accounts receivable. Formation of final management reporting for all lines of business – P&L, CF, Balance – was automated.

Budgeting and payment management

A comprehensive budgeting system has been set up, where full information on all payment requests is stored. Budget balances are automatically monitored and the fact of payment on the Application is established.

BI analytics

Dashboards for the main reports – P&L, CF, Sales – have been set up. Separate dashboards have been implemented to analyse accounts receivable by counterparties, managers and CFOs. Management receives a visual snapshot of market conditions and inventory turnover in warehouses in the form of clear diagrams and figures in dynamics.

Results of ABM Finance implementation

The Company manages all business processes in a single loop and reacts quickly to changes in the market situation

A single integrated information database has been developed
Management receives consolidated management accounts
The quality of the information received has improved
An automated budgeting system was introduced
Set up an automatic process for approving requests and budget control
It is now possible to transparently see and control the real state of the business in the Power BI system