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    • MINSK
    MANAGEMENT
    ACCOUNTING STUDIO
    The organization and automation of
    management accounting, treasury
    and budgeting in any sphere of business.
    We can help
    you with the following:
    • Rate and volume analysis
    • Business metrics development
    • Geographic vs. industry or client segment reporting
    • Cost-volume-profit analysis
    • Product and client profitability analysis
    • Internal financial presentation and communication
    • Annual budgeting
    CONTACT US
    RIGHT NOW
    and get an expedited audit of your company's management accounting for free
    EXAMPLE OF COOPERATION
    REQUEST
    The expansion of the company to 3 legal entities. Management accounting was carried out manually in EXCEL forms. The extension and increase in company groups turnover entailed the necessity to automate the process of data acquisition and processing for management accounting purposes.
    WORK DONE
    Data acquisition and processing
    consolidation of management reports
    accuracy reconciliation data setting
    development of agreements and instruments on technical support
    RESULT

    The developed product allowed:

    •Fast obtaining of information
    from various sources with different
    technical parameters.
    • Consolidate and data analyze
    in the relevant sections.
    • Formation of reliable data
    sources of given forms.
    • availability of manual adjustments
    Term: 2 months
    The cost of our work: up to $2000
    See review
    Get the consultation
    CASES
    • 01 Aktivlizing Group
    • 02 Vigma Group
    • 03 United Moda group LLС (Oodji brand)
    • 04 Axonim LLC
    • 05 IPM Business school LLC
    • 06 Center of excellence under the Ministry of Finance of the Republic of Belarus
    • 07 A100-development Group
    • 08 Precise supplies International Group
    • 09 Inproma Group
    • 10 JSC Tsentroenergomontazh
    • 11 OJSC "Minsk Watch Plant"
    • 12 SM Group
    • 13 AMPER Lighting & Elecctric
    • 14 ONZO AUTO
    • 15 Limited Liability Company "ProBelTakh"
    Project results:
    • A financial structure was created.
    • A cash flow statement of the group of companies has been created.
    • The staff structure was optimized without reducing the functionality.
    • A mid-term planning system of key parameters was created (NIL, free cash flow).
    • An audit of financial reporting under IFRS for 2013 was conducted.

    Terms of solving the
    problem: 8 months

    2014 year
    Project results:
    • The automation strategy has been developed
    • The treasury and the mid-term payment planning system has been created
    • Management accounting of the group with consolidation of internal turnovers has been created

    Terms of solving the
    problem: 2 years

    2013 - 2015 year
    Project results:
    • An understandable management accounting of the retail chain has been created for the owners
    • Constantly unprofitable store was identified
    Cost optimization during the crisis period of the end of 2014-beginning of 2015 was more than the cost of studio services for the entire 2015

    Terms of solving the
    problem: 9 months

    2015 year
    Project results:
    • The company's management reporting was automated
    • The possibility of instant analysis of economic activities and business plans
    • Storage of all key financial information in a single database

    Terms of solving the
    problem: 5 months

    2016 year
    Project results:
    • Author's developments and know-how of Vladimir Soskin were included in the training programs “Financial Director”, “Executive MBA”
    The practical value of these programs for students was improved

    Terms of solving the
    problem: 6 months

    2016 year
    Project results:
    • More than 300 chief accountants of the largest open joint stock companies of Belarus have been trained in management accounting
    • Methodical materials for students were developed

    Terms of solving the
    problem: 6 months

    2016 year
    Project results:
    • The process of managing contracts in a group of companies was automated
    • The process of managing applications for payment was automated
    • Drawing up of the report on cash flows was automated and a variance analysis was conducted

    Terms of solving the
    problem: 16 months

    2018 year
    Project results:
    • An automated system for the collection and analysis of financial data from various sources was created
    • When new companies appeared, data on them were promptly included in the common database and reporting

    Terms of solving the
    problem: 6 months

    2018 year
    Project results:
    • The financial data processing has been accelerated
    • The deadlines for closing management reporting were reduced
    • The process of agreeing and making payments has been adjusted

    Terms of solving the
    problem: 4 months

    2017 year
    Project results:
    • The process of cash flow management has been created
    • It was possible to carry out mid-term planning
    • The contract data management process was created
    • Data loading from accounting is set up

    Terms of solving
    tasks: 18 months

    2016-2018 years
    Project results:
    • The process of cash flow management has been created
    • Data loading from accounting is set up

    Terms of solving
    tasks: 6 months

    2018-2019 years
    Project results:
    • Collected data on the company's activities from patency to profit
    • Configured data visualization with weekly updates

    Terms for solving
    tasks: 3 months.

    2019 year
    Project results:
    • Downloaded cash flow and sales data
    • Set up reports with the ability to display the result in any currency

    Deadlines for solving
    tasks: 8 months.

    2019 year
    Project results:
    • Automated applications for payment
    • A complete set of monthly management reports was built
    • Set up a sales fact plan report for managers

    Deadlines for solving
    tasks: 6 months.

    2019 year
    Project results:
    • Automated collection of cash flow statements
    • The process of weekly collection of analytics missing in accounting was built
    • Configured visualization of the report

    Terms of decision
    tasks: 6 months.

    CASES
    • 01 Aktivlizing Group
      Project results:
      • A financial structure was created.
      • A cash flow statement of the group of companies has been created.
      • The staff structure was optimized without reducing the functionality.
      • A mid-term planning system of key parameters was created (NIL, free cash flow).
      • An audit of financial reporting under IFRS for 2013 was conducted.

      Terms of solving the
      problem: 8 months

      2014 year
    • 02 Vigma Group
      Project results:
      • The automation strategy has been developed
      • The treasury and the mid-term payment planning system has been created
      • Management accounting of the group with consolidation of internal turnovers has been created

      Terms of solving the
      problem: 2 years

      2013 - 2015 year
    • 03 United Moda group LLС (Oodji brand)
      Project results:
      • An understandable management accounting of the retail chain has been created for the owners
      • Constantly unprofitable store was identified
      Cost optimization during the crisis period of the end of 2014-beginning of 2015 was more than the cost of studio services for the entire 2015

      Terms of solving the
      problem: 9 months

      2015 year
    • 04 Axonim LLC
      Project results:
      • The company's management reporting was automated
      • The possibility of instant analysis of economic activities and business plans
      • Storage of all key financial information in a single database

      Terms of solving the
      problem: 5 months

      2016 year
    • 05 IPM Business school LLC
      Project results:
      • Author's developments and know-how of Vladimir Soskin were included in the training programs “Financial Director”, “Executive MBA”
      The practical value of these programs for students was improved

      Terms of solving the
      problem: 6 months

      2016 year
    • 06 Center of excellence under the Ministry of Finance of the Republic of Belarus
      Project results:
      • More than 300 chief accountants of the largest open joint stock companies of Belarus have been trained in management accounting
      • Methodical materials for students were developed

      Terms of solving the
      problem: 6 months

      2016 year
    • 07 A100-development Group
      Project results:
      • The process of managing contracts in a group of companies was automated
      • The process of managing applications for payment was automated
      • Drawing up of the report on cash flows was automated and a variance analysis was conducted

      Terms of solving the
      problem: 16 months

      2018 year
    • 08 Precise supplies International Group
      Project results:
      • An automated system for the collection and analysis of financial data from various sources was created
      • When new companies appeared, data on them were promptly included in the common database and reporting

      Terms of solving the
      problem: 6 months

      2018 year
    • 09 Inproma Group
      Project results:
      • The financial data processing has been accelerated
      • The deadlines for closing management reporting were reduced
      • The process of agreeing and making payments has been adjusted

      Terms of solving the
      problem: 4 months

      2017 year
    • 10 JSC Tsentroenergomontazh
      Project results:
      • The process of cash flow management has been created
      • It was possible to carry out mid-term planning
      • The contract data management process was created
      • Data loading from accounting is set up

      Terms of solving
      tasks: 18 months

      2016-2018 years
    • 11 OJSC "Minsk Watch Plant"
      Project results:
      • The process of cash flow management has been created
      • Data loading from accounting is set up

      Terms of solving
      tasks: 6 months

      2018-2019 years
    • 12 SM Group
      Project results:
      • Collected data on the company's activities from patency to profit
      • Configured data visualization with weekly updates

      Terms for solving
      tasks: 3 months.

      2019 year
    • 13 AMPER Lighting & Elecctric
      Project results:
      • Downloaded cash flow and sales data
      • Set up reports with the ability to display the result in any currency

      Deadlines for solving
      tasks: 8 months.

      2019 year
    • 14 ONZO AUTO
      Project results:
      • Automated applications for payment
      • A complete set of monthly management reports was built
      • Set up a sales fact plan report for managers

      Deadlines for solving
      tasks: 6 months.

      2019 year
    • 15 Limited Liability Company "ProBelTakh"
      Project results:
      • Automated collection of cash flow statements
      • The process of weekly collection of analytics missing in accounting was built
      • Configured visualization of the report

      Terms of decision
      tasks: 6 months.

    CLIENTS AND PARTNERS WHO TRUST US
    HIERARCHY OF INFORMATION NEEDS
    How much does
    the business cost?
    What do we have?
    Who do we ought to?
    What is the profit?
    What and who is the source of our income?
    Where is the money?
    Fair business valuation is market value.
    Management accounting provides only a basis
    for fair valuation (capital, EBITDA)
    * Ratio, etc..
    Answer- Balance sheet statement in the context
    of the Financial Responsibility Center
    Answer- Profit and loss statement in the context
    of the Financial Responsibility Center
    Answer-Income in terms of clients
    , customer groups, products and
    product lines
    Answer- A cash flow statement in the context
    of the Financial Responsibility Center
    HIERARCHY OF INFORMATION
    NEEDS
    How much does
    the business cost?
    Fair business valuation is market value. Management accounting provides only a basis for fair valuation (capital, EBITDA) * Ratio, etc.
    What is there?
    Who we ought to?
    Answer- Balance sheet statement in the context of the Financial Responsibility Center
    What is the profit?
    Answer- Profit and loss statement in the context of the Financial Responsibility Center
    What and who is the source of our income?
    Answer-Income in terms of clients, customer groups, products and product lines
    Where is the money?
    Answer- A cash flow statement in the context of the Financial Responsibility Center
    WE WILL ANSWER
    ALL YOUR QUESTIONS
    ONLINE
    CONSULTATION
    WITH A SPECIALIST
    Our team has more than
    50 years of combine experience
    in organization of management accounting,
    treasury and budgeting.

    There are more than 30 projects and companies in the management accounting of which I participated

    More than 15 years of experience in management accounting. (since 2005)

    The main specialities in the Studio:

    • Creation and development of technologies;
    • Organization and management of large-scale projects in big companies;
    • Automation of financial processes
    About myself:
    Management Accounting Studio and Finotdel are a large and important part of my life. In addition, I regularly teach courses at the IPM Business School; I conduct public speaking. I pay attention to the education of daughters.

    There are 30 projects and companies in the management accounting of which I participated

    More than 12 years of experience in management accounting. (since 2008)

    The main specialities in the Studio:

    • The development of management accounting methodology and reporting system for owners of groups of small and medium-sized business; the selection, calculation and visualization of financial indicators, KPI (Key Perfomance Indicators) for owners and executives; management of service delivery projects according to the outsource model.
    About myself:
    The most difficult tasks are easier to solve with a smile)

    There are more than 10 projects and companies in the management accounting of which I participated

    More than 16 years of experience in management accounting (since 2004), 6 years of which - consolidation of reporting and a large holding (about 50 structural units)

    The main specialities in the Studio:

    • The development of instructions for work in the 1C "Finance Dep.", user training, user consultations on the convenience and efficiency of work in the 1C "Finance Dep".
    About myself:
    I'm an emotional, positive, life-loving person. I consider perfectionism as one of my shortcomings. Complex tasks fascinate and immerse in the world of finding solutions.

    There are 5 projects and companies in the management accounting of which I participated

    More than 4 years of experience in management accounting. (since 2016)

    The main specialities in the Studio:

    • Keeping management reporting in retail and wholesale trade with a large number of units, automation of complex turnovers of large companies with data loading from 1C 7.7
    About myself:
    The lead singer and vocalist of the "Malibu" cover band, just a good person and a pleasant companion))

    Projects and companies in whose management accounting participated: 7

    Full years of work in management accounting: 2 years (since 2018)

    The main specialization in the Studio: Setting up and maintaining management accounting with loading data from 1C 7.7 and 1C8

    About myself:
    Before you begin to solve a complex issue, you need to exhale, take a sip of coffee and smile. “In life with a smile” is my life credo.

    Projects and companies in whose management accounting participated: 5

    Full years of work in management accounting: 2 years (since 2018)

    The main specialization in the Studio: Setting up and maintaining management accounting with loading data from 1C8

    About myself:
    To achieve something, you need to have two things: a plan and a lack of time

    Projects and companies in whose management accounting participated: 6

    Full years of work in management accounting: 2 years (since 2018)

    The main specialization in the Studio: Setting up and maintaining management accounting with loading data from 1C8

    About myself:
    You do not get what you want, but what you work on.
    Vladimir
    Artem
    Olga
    Elizaveta
    Olga
    Olga
    Anastasi
    THE MAIN FORMS OF INTERACTION
    Outsource
    for owners
    You buy ready
    monthly reports
    INCLUDING:
    All technical issues/matters (programs and their settings)
    The organization of accounting methodology
    Data load settings
    Setting up reporting forms
    Management accounting
    Training of executives and
    owners to use the obtained data
    Compiling up of business performance indicators
    Terms of realization: from 3 up to 6 month
    Start price
    0 $
    Service
    up to 800 $/month
    Select the service package
    THE ORGANIZATION
    for companies with financial
    units
    You buy everything
    you need to get monthly
    reports
    INCLUDING:
    All technical issues/matters (programs and their settings)
    The organization of accounting methodology
    Data load settings
    Setting up reporting forms
    Training users for effective work in the program
    Training of executives and
    owners to use the obtained data
    Technical support by email, phone
    and if necessary- at meetings
    Terms of realization: about 12 month
    Start price
    5000 $
    Service
    from 500 $/month
    Select the service package
    PROVIDING
    TECHNOLOGY
    for financiers after training
    at the IPM business school
    You get a ready-made
    tool for making reports
    according to your methodology
    INCLUDING:
    Installation, setup and monthly update of 1C "Finance Dep."
    Data load settings (if there is a detailed description)
    Setting up reporting forms (if there is an example in Excel)
    Training users for effective
    work in the program
    Email technical support
    Terms of realization: from 3 up to 6 month
    Start price
    1000 $
    Service
    from 200 $/month
    Select the service package
    ADDITIONAL SERVICES
    Automation of payment schedule and payment applications
    You get the ready-made technology
    to put your payments in order and
    to record those responsible for
    documents, expenses and payments
    INCLUDING:
    Automation of payment applications
    Reconciliation with budgets before approval
    Making a payment schedule
    Cash flow variance reporting
    Start price:
    from 2500 $
    Select the service package
    Visual system of performance indicators of the sales department
    You get the opportunity to have access
    to the latest information always
    and anywhere (even on your
    smartphone)- modern
    interactive visual reports
    INCLUDING:
    Sales
    Yield
    Number of contracts/ checks
    Activity/ footfall (traffic)/ conversion
    Plan and fact
    Other necessary indicators
    (if they are in the primary database)
    Start price
    up to 5000 $
    Select the service package
    Budget process automation
    You get the system of collection and
    coordination of units budgets which
    is adjusted to the specifics of
    company budgeting
    INCLUDING:
    Expenditure budget
    Purchasing budget
    Sales and revenue budget
    Cash budget
    Consolidated income and cost budget
    Consolidated cash budget
    Start price
    from 3000 $
    Select the service package
    OUR VALUES
    IN WORK
    Efficiency,
    drive for results
    Independence,
    inner responsibility
    Attention to details
    IN COMMUNICATION
    Prompt feedback
    Humanity,
    mutual respect
    Trust, support,
    mutual assistance
    IN GENERAL
    Honesty,
    responsibility, reliability
    Flexibility, readiness
    for changes
    Development,
    self-improvement
    CONTACTS
    Address: Minsk, Belarus
    51 Korolya st., (office) 721
    E-mail:
    info@finart.studio
    Phone number:
    +375(29) 334-07-01
    Request a call