March 23, 2009. IBS has built a system for consolidation and review of management information at the holding company level for the Russian Copper Company. The solution is based on SAP SEM-BCS and designed to be an important part of the Russian Copper Company’s unified corporate information system that is currently being built.
The Russian Copper Company group consists of 5 running mining enterprises, 3 metals enterprises, a hydrometallurgical plant, a trading company and a number of new mining projects. The company has about 7 thousand employees and ranks as Russia’s third biggest producer by cathode copper output and second biggest producer by copper rod output. The Russian Copper Company plans to have advanced information technologies implemented to improve its corporate business management system.
The Russian Copper Company selected IBS in an open bidding process that involved a number of western and Russian IT service providers. Having reviewed the Russian Copper Company’s specific business processes, IBS professionals offered a multi-vendor solution: the 1C:Predpriyatie 8.1 (1C:Enterprise 8.1) platform for bookkeeping and tax accounting automation at some of the Group’s companies and a solution based on SAP SEM-BCS for consolidation and review of management information at the holding company level.
Maxim Schibrik, Vice President for Economics and Finance, ZAO Russian Copper Company: “Implementation of the unified corporate information system will ensure timely preparation of quality management information and information to be submitted to fiscal authorities and provide the management of the Russian Copper Company with efficient tools for review of company performance, forecasting financial results, assessing attainability of strategic objectives, and prompt decision-making on adjustments to any aspects of the Group’s operations.”
Implementation of the Business Consolidation Systems (BCS) module (part of the Strategic Enterprise Management (SAP SEM) software product) has now been completed and trial operation of the consolidation system has commenced. This system will ensure efficiency in providing the management of the Russian Copper Company with the company’s IFRS financial statements.
Alexander Saksin, Deputy Director, Corporate Management Systems Department, IBS: “In addition to cost benefits, the integrated solution for the Russian Copper Company provides flexibility benefits that enable a very fast transition to the state-of-the-art management information platform, given the scale and diversification of the holding company’s business. I should also note lower operation, maintenance and development costs of that solution.”
The corporate information system of the Russian Copper Company is expected to have more than 100 users. The entire project is expected to be completed in July 2009.
Companies’ Profiles
The Russian Copper Company, established in 2004, is Russia’s third biggest producer of refined copper with about 15 per cent of the Russian and about 1 per cent of the global refined copper markets. The company holds 22 licenses for exploration and production of mineral resources in Russia and the Republic of Kazakhstan. The Russian Copper Company consists of 5 running mining enterprises, 3 metals enterprises, a hydrometallurgical plant, a trading company and a number of mining projects. The company conducts business in Russia (in Sverdlovsk, Chelyabinsk, Orenburg, Novgorod, Amur regions, Altai Krai and the Republic of Dagestan) and in the Republic of Kazakhstan.
The company pursues the strategy of reasoned conservatism that incorporates balanced decision-making, precision in management of innovation risks and in pursuing promising areas in line with the market and socio-economic trends. The Russian Copper Company’s technology structure provides for the complete production cycle from mining ore, collection of secondary raw materials, production of copper concentrate and crude copper to manufacturing of copper cathodes and rod.
IBS is the leader in the Russian IT and consulting market. Along with Luxoft and Depo Computers, it is part of IBS Group Holding Limited. Its core lines of business span management consulting, implementation of business applications, IT outsourcing and IT infrastructure. IBS headcount is about 3,000 employees including over 1,500 certified consultants and professionals. IBS customer base includes 34 of Russia’s top 50 companies. For more information on the company please visit http://www.ibs-company.com/.
For further information on IBS, please contact Lada Scherbakova, PR Director at 007 (495) 967-80-80, or by e-mail at lada@IBS.ru.
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