August 27, 2007 SAP, Troika Dialog and IBS announce the launch of a project to implement an SAP ERP HÑM solution for human capital management in financial institutions at Troika Dialog, one of Russia’s top investment companies.
With Troika Dialog business and headcount growing, the company, currently having over 1,000-strong workforce, needs a unified multifunctional human capital management system that will provide data transparency and speed up preparation of reports.
IBS won the contract to supply and implement a pre-configured human capital management solution based on SAP ERP HCM, having offered a highly functional solution backed by positive results of previous implementations at other companies.
Implementation of the solution at Troika Dialog will absorb IBS experience in building human capital management systems for top Russian financial organizations, including methodology and technology developed by IBS consultants and giving the best solutions to corporate HR tasks.
Nina Mirel, HR Director, Troika Dialog Group, said “Troika Dialog keeps on growing and developing at a very fast pace, with respective growth in the workforce and consequently in the amount of work that has to be done in an efficient and proper manner. Our staff are our core asset and our internal customers. As always, we at Troika Dialog strive to provide our customers with a high level of service. We expect the SAP ERP HÑM solution to provide the HR department with the added advantage of efficiency and precision that will enable us to support the fast business growth at our company”.
According to Oksana Gluschenko, Director of Services for Financial Institutions, SAP CIS, “The launch of this project is yet another testimony to the recognition of SAP solutions by the banking community. Now SAP solutions are successfully used by over 20 financial organizations in CIS countries, and we are especially happy to see Troika Dialog, a widely respected company, among our customers”.
The project will provide implementation of the basic human capital management functionality (organization management, time data management, HR events and payroll management). The solution supports generation of required reports, including reports required under the laws of the Russian Federation. The human capital management system allows for subsequent functionality extensions to support corporate strategic management and human capital development processes, including HR training and development management, recruitment and a self-service system.
Artem Efremov, Director, Financial Institutions Segment, Corporate Management Systems Department, IBS, said “The pre-configured IBS solution, which absorbs human capital management experience of top financial institutions, brings the best human capital management practices to the customer’s business. Therefore, it is not just automation of HR accounting processes, but introduction of more efficient management procedures and regulations”.
The system is planned to be launched for trial and industrial operation in early 2008.
Companies’ Profile
Troika Dialog, founded in 1991, is Russia’s leading independent investment bank. Its core lines of business are securities sales and trading, investment banking, asset management and private equity. In 2006, Troika Dialog more than doubled its trade turnover, to over $200 billion. Troika Dialog's total assets under management topped $3.7 billion. Troika Dialog has Standard & Poor’s credit rating of short-term "B", long-term "BB-", Russia national scale "ruAA-".
SAP AG, founded in 1972, is the world’s leading vendor of business management software and ranks the world’s third among independent vendors of general-purpose software. The company is headquartered in Walldorf, Germany. Today SAP software is used by more than 12 million users at over 38,000 companies (some of which are on the Fortune 500 list) in 120 countries across the world. SAP has subsidiaries in more than 50 countries and is traded on several exchanges, including the Frankfurt Stock Exchange and the New York Stock Exchange, under the ticker symbol "SAP."
SAP (SAP CIS) has been operating in the Russian market since 1992. The company has subsidiaries in Kazakhstan, Ukraine and the Baltic States and runs representative offices in St. Petersburg, Belarus and Transcaucasia.
For more detailed information please visit www.sap.com/cis
Contacts:
Marina Pantschenko
Phone: +7 495 755-98-00
E-mail: Marina.Pantschenko@sap.com
IBS is Russia’s leading player in the IT and consulting market. It is part of IBS Group. For more information on the company and its management information systems practice please visit http://www.ibs.ru/, http://www.mis.ibs.ru/.
The IBS management information systems practice currently has Russia’s largest team of certified management information system implementation consultants. IBS was named the Best SAP Local Service Partner in the CIS (2005) and is the only Russian company being SAP Product Preferred Partner for banking and financial institutions. IBS has Russia’s largest SAP ERP HCM implementation team of more than 70 consultants including over 50 formally certified by SAP AG.
For further information please contact
Lada Scherbakova,
PR Director
Phone: +7 495 967-80-80
E-mail: lada@IBS.ru
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