IBS increases the efficiency of Cherkizovo Trading House’s accounts closing process with the help of SAP FCC

IBS, a key technological partner for leading Russian businesses and government bodies, has completed implementation of SAP’s Financial Closing Cockpit (SAP FCC) software at Cherkizovo Trading House.

Cherkizovo Group is the largest producer of meat products and animal feed in Russia, and a leader in the poultry, pork and processed meat product markets. By 2017, the company needed to improve the efficiency of its closing process due to a number of limitations:

  • Insufficient involvement of members of different divisions in the closing process, insufficient understanding of their roles and significance in the overall closing process;
  • Coordination of those involved in the process was organised manually (by e-mail, telephone) and was therefore unreliable;
  • It was impossible to carry out a swift visual analysis of bottlenecks in the process, or analyses of previous closing cycles.

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