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The “O’KEY” group of companies is one of the largest retail chains in Russia. The holding includes 81 shopping complexes in the North-West, South, Central, Urals and Siberian regions. The total selling space is more than 419 thousand m2.
Earlier, the company carried out its accounting within the holding in scattered information bases: in some branches used the “1C: Accounting 8” system and others — the “1C: Accounting 7.7”. The management made the decision to move to a single information system in order to improve the enterprise manageability.
The key objectives of the project are: the creation of a single accounting system for accounting, management accounting and accounting by IFRS standards, shorter report generation times, increased transparency and easer auditing.
Feedback from the “O’KEY” Group of Companies project team:
The transition to a single information system has been done within the framework of a joint-project, which consisted of several stages. The first project stage was the conversion of the fiscal accounting within the “O’KEY” Group of Companies to a single database. 30 workplaces were automated as a part of this stage and the following problems were solved:
“It is noteworthy that we dealt with large amounts of data in the course of the project — the processing of more than 400,000 documents per month should’ve been automated. Despite this ‘peculiarity’, the 1C:FirstBIT project team completed all of the assigned tasks on time. A key condition for the completion of the RAS accounting automation stage was the closure of Q3 2011 of ‘O’KEY’ LLC with the new system, which was successfully accomplished”-
At the moment, works on the accounting setup and consolidated financial statements under IFRS are performed within the cooperation of “O’KEY” and “1C: FirstBIT”.