ThyssenKrupp Elevator

ThyssenKrupp Elevator

ThyssenKrupp Elevator is the Russian branch of ThyssenKrupp Elevator AG – one of the world's leading elevator companies with more than 46,000 employees at 900 locations. The product range comprises passenger and freight elevators, escalators and moving walks, chair and platform lifts, passenger boarding bridges and quality service for the entire product range. ThyssenKrupp Elevator Monthly provides financial IFRS-compliant reports to the parent company. Before implementation of FirstBIT Finance:Corporate Finance Management software, financial reporting was produced on spreadsheets. This was excessively time-consuming and human error often resulted in the loss of data. As sales grew, it became impossible to produce and receive accurate financial reports without automation. Following the implementation of FirstBIT Finance:Corporate Finance Management, ThyssenKrupp Elevator was very soon able to provide accurate, up-to-date financial reporting. As a result, the company can benefit from:

  • Accurate IFRS-compliant financial reporting;
  • Independent fixed and intangible asset accounting that complies with IFRS and Russian statutory requirements;
  • Access to a range of discrete accounting applications, that don’t depend on standard accounting algorithms.

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