1C: Holding Management 8 for Kazakhstan is a complex solution of the CPM (Corporate Performance Management) class, designed to automate a wide range of tasks related to accounting, planning and control of the effectiveness of holdings of various sizes
The software product is intended for complex automation of management companies of holdings and covers the main areas of management and fiscal accounting:
-budgeting and centralized treasury;
-consolidation of management reporting and business analysis;
-centralized procurement and asset management;
-strategic management in accordance with the Balanced Scorecard;
-accounting and tax accounting in accordance with the legislation of the Republic of Kazakhstan;
-accounting, preparation of separate and consolidated financial statements in accordance with IFRS;
-management of master data (normative and reference information) of a group of companies.
The target segment of “1C: Holding Management 8 for Kazakhstan” are groups of companies with full or partial centralization of financial management functions, whose management companies and business units are heterogeneous in terms of industry affiliation or operating IT systems.
Since the solution “1C: Holding Management 8 for Kazakhstan” is focused on effective work in heterogeneous landscapes of information systems typical for groups of companies, it has the following integration capabilities:
-seamless integration with accounting and management systems on the 1C: Enterprise 8 platform using a direct connection, including decoding to a document of an external accounting system;
-integration with any external accounting systems using technologies such as web services and ADO;
-management of master data (reference and centralized regulatory and reference information) of a group of companies;
-in addition to the thin and web client “1C: Holding Management 8 for Kazakhstan” includes an add-on for Microsoft Excel – a special client that allows for budgeting and analysis of management reporting to work with data from the information base “1C: Holding Management 8 for Kazakhstan” without leaving the office suite familiar to many users;
The architecture of the software product makes it possible to integrate with accounting configurations on the 1C: Enterprise platform version 8.3 with minimal effort.
Functionally, the configuration “Holding Management for Kazakhstan”, being an evolutionary development of the solutions “1C: Consolidation 8 PROF” and “Accounting for Kazakhstan”, has incorporated the project experience of hundreds of implementations of these applied solutions. Thanks to the use and development of the functionality of predecessor solutions (“1C: Accounting 8 for Kazakhstan” and “1C: Consolidation 8 PROF”), “1C: Holding Management 8 for Kazakhstan” provides:
-the possibility of combining with the software products of the 1C: Accounting 8 for Kazakhstan family already used in the company,
-low costs of partners and clients for training,
-the ability to quickly adapt existing design developments to “Holding Management for Kazakhstan”,
-reducing the cost of migration from the already used accounting and financial management systems.
The “Holding Management for Kazakhstan” configuration can be applied in the following use cases:
-use as a complex automation system of the management company;
-automation of financial management in united service centers of holdings, deployment of a unified information base in a unified data processing center;
-use as a corporate template for a back office, i.e., automation of financial management of both the management company and subsidiaries with the possibility of merging or seamless integration with the operational accounting systems of business units;
-use in the management company in a stand-alone mode of the CPM class solution as an “add-on” over accounting systems.
Key competitive advantages of the solution “1C: Holding Management 8 for Kazakhstan”:
-the most popular functions of management companies and financial services of business units of holdings have been automated, while there is no redundant functionality for them associated with the automation of operational activities (sales, procurement, production management);
-deep study of accounting and reporting in accordance with IFRS;
-high variability in approaches to budgeting and cost limiting;
-minimum implementation time and total cost of ownership;
Implementation of recommendations for functional requirements for budgeting, treasury, accounting and IFRS reporting methods prepared by the international company EY (Ernst & Young), which provides audit and consulting services;