Reduced Time To Close Reporting Period With SAP FC...
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SAP and the United Metallurgical Company have announced results following the implementation of SAP Financial Closing Cockpit. The solution can significantly reduce the time of the disclosure periods to just six days. Reducing the time of reporting the financial statements and the ability to quickly obtain reliable and complete information on the key financial indicators is an important task in a highly dynamic market. "This is an important step towards the creation of a single, centralized management system of all our subsidiaries", General Director of UMC-Information Technologies Alexei Mitenkov said. Azat Nizamov, Deputy General Director of SAP CIS, added that "strategic objectives need timely and accurate reporting. SAP's Financial Closing Cockpit meets these requirements by allowing analysis of the processes of closing periods at all levels to identify the risks of failure and to understand their causes and optimize internal processes for effective business development."
