Context and task
In a large mining company, lease accounting involves a large volume of contracts, different accounting standards, tax implications, revaluations, modifications and strict reporting deadlines.
What did RESTART do?
RESTART participated in the automatic identification of lease agreements, calculations in SAP of the cost of the right of use, obligations, investments in lease, income and expenses, as well as in setting up RAS, IFRS, tax accounting, VAT, property tax and differences under PBU 18.
Architecture, management and control
The project required careful methodology, setting up calculation rules, testing scenarios, reconciling with the financial unit and monitoring the impact of contract changes on reporting.
Results and evidence
- voluminous routine operations were automated when applying FSB 25/2018;
- the deadlines for preparing reports were maintained without hiring additional personnel;
- automated manual calculations and adjustments under lease agreements;
- the quality of accounting and timeliness of reflection of revaluations and modifications has been improved;
- the correct calculation of the right to use lease, net investment, property tax and classification of contracts is ensured.
Effect guidelines for similar projects
If some of the metrics for a specific project are not publicly disclosed, we show benchmarks that are usually used in similar enterprise projects as KPIs for a pilot or industrial launch. This does not replace the customer's actual results, but helps the CIO/CFO/CISO understand what effects are worth measuring.
Load
For similar projects, KPI is the volume of contracts that can be processed without expanding the staff.
Reconciliations
The reduction in manual calculations, re-checks and adjustments is measured.
Standards
Parallel accounting according to RAS, IFRS, tax accounting and internal rules is critical.
Changes
The speed of reflection of modifications, revaluations and new terms of contracts is important.
Why is this important for the client
The case strengthens RESTART's position in industrial and mining environments: complex accounting, SAP, reporting standards, tax rules and data quality must work together.
Let's discuss your environment
Describe the task, current systems, constraints, and expected results. We will offer a practical first step: diagnostics, pilot, audit, roadmap or project team.
