Innothera submits international accounting reports with the help of Bit.Finance
First Bit's International Department has successfully completed the project of accounting automation according to PCG and internal analytical standards of a French pharmaceutical company.
The client
One of the special features of INNOTHERA, lies in its multiple competency: pharmaceutical products, medical textiles and hygiene and protection. the INNOTHERA Group's production is 100 % French, with exports amounting to more than 65 % of total sales, and covering more than 100 countries.
The company has two of its own factories, that produce drugs (70% of turnover) and medical textile (30% of turnover). Innothera has more than a thousand employees, 700 of them work in the French head office.
The Project Goals
Innothera was faced with two main aims:
- To implement a system, that can automate reporting according to the corporate analytical standards and PCG chart of accounting;
- To set up integration of the implemented solution with SAP corporate system.
Choosing Software
Having analyzed what the market has to offer in the business software, Innothera chose “BIT.FINANCE Management accounting” application for its future project.
The Stages of the Project
The project of implementing “BIT.FINANCE Management accounting” into Innothera’s IT-system was completed within 5 months and passed 4 main stages:
Stage 1
Stage 1 was a pre-project survey that allowed us to study Innothera’s business-processes, to locate the automation areas, to evaluate risks and the project’s budget. It included establishing mapping between the Russian chart of accounts and PCG chart of accounts.
Stage 2
The system’s adjustment and testing.
Stage 3
Preparation for launching the system: formation of PCG accounting reports and French analytical accounting reports for the last months. Training the Accounting department’s employees on how to work with the new functionality and the regulations regarding working with data.
Stage 4
Putting the system into operation.