June 18, 2009. IBS Borlas has completed the deployment of a corporate information management system at “Severstal-Invest” Trading House. The new system replaced the metal-trading company's own IT-systems and is designed to optimise its principal business processes.
The project targeting one of Russia's largest metal-trading companies was launched in October 2007. IBS Borlas started out by analysing the “Severstal-Invest” Trading House's information management system, identified significant technological and functional limitations of the system software, and demonstrated it was impossible to upgrade and expand the functionality of the corporate IT-systems. The company managers realized that the old IT systems were no longer meeting the corporate business growth requirements and it was impossible to increase the sales without replacing the information systems.
The new system was designed on the basis of the Oracle E-Business Suite business applications. In particular, the project helped deploy the following applications: financial management (including accounting on the basis of international and Russian accounting standards), management of material flows, production management, personnel management, budget management, and reporting.
Sergey Khlevnyuk, the IBS Borlas Project Director, advised as follows: “The project was implemented in compliance with the approved schedule and budget. Furthermore, in the course of the project we successfully resolved a number of additional issues associated with modification of the “Sverstal-Invest” Trading House's business processes. The system encompasses the central office, the service metal centre, and the company's rolled metal and hardware warehouses. The regional subsidiaries are still using the old information system that has been fully integrated with Oracle E-Business Suite. The system is currently used by 240 people and the number of users will continue to grow”.
According to Dmitry Sytin, the “Severstal-Invest” Trading House Director of information technologies, “Ever since the single information system based on Oracle E-Business Suite was launched in operation all corporate subdivisions have been using it to manage finances, logistics, production, human resources, quality, and budgeting. A significant number of the corporate business processes have been standardised, material and financial flows have become transparent, cost management has become more effective, the time required to prepare and submit corporate, management, accounting, and tax reports has been significantly decreased. Thus, together with IBS Borlas, we created a platform for further progressive development of the Trading House's business”.
In future “Severstal-Invest” Trading House plans to connect its subsidiary information network to the system and upgrade its communication channels, install radio terminals, deploy bar-coding technologies at its warehouses and production facilities, automate the pricing management functions, and implement a customer satisfaction improvement project.
Companies' Profiles
“Severstal-Invest” Trading House CJSC is a member-company of the “Severstal” OJSC holding. The company sells rolled metal, pipes, and hardware. Today, “Severstal-Invest” is a large commercial enterprise operating a network of service warehouses located throughout the country. The company has been operating on the metal market for approximately 15 years. The warehouses operated by the corporate subsidiaries in the European part of Russia contain practically an entire spectrum of ferrous metallurgy products: rolled metal, pipes, and hardware. The company also supplies the Russian market with rolled metal manufactured by practically all large metallurgical enterprises from CIS.
Since 2002, the “Metal Supplies and Sales” magazine published by the Russian Association of Metal Traders has been ranking “Severstal-Invest” Trading House as one of the country's top metal traders. Each year the company sells several hundred thousand tons of rolled metal, pipes, and hardware. The Trading House services more than 6,000 clients. The principal buyers include construction enterprises, machine-building plants, small businesses, power production companies, mining enterprises, and utility companies. The corporate subsidiaries fulfill orders of any volume and any complexity.
IBS Borlas is part of IBS and specializes in building management systems based on Oracle E-Business Suite applications and other products of Oracle Corporation. An Oracle Master Partner, IBS Borlas has the strongest Oracle E-Business Suite team in the Russian market, with over 500 consultants and professionals having a track record of more than 50 projects. IBS Borlas is the only first-line technical support centre among Oracle partners, for both Oracle basic products and Oracle business applications, and the Competence Centre for Oracle's four core technology areas. For more information on the company please visit http://www.borlas.com/
IBS is the leader in the Russian IT and consulting market. Along with Luxoft, 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 IBS, please visit http://www.ibs-company.com/.
For further information about the company, please contact Lada Scherbakova, PR Director at 007 (495) 967 8080, or by e-mail at lada@ibs.ru.
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