|About Us||Products And Services||Sustainability||Investor Relations||Public Relations||Contacts|
In particular, as part of the project, the data planning and preparation process was reviewed; automated report compilation forms and procedures were introduced and comprehensive user training was performed. Convenience to the Group specialists in handling the system is ensured by access to information using web or Excel interface.
«Implementation of the Extensity Performance Management enabled us to streamline and accelerate financial information compilation and consolidation processes. The Company received an efficient analytical tool and a convenient arrangement for control over reporting periods,» notes Kliment Falaleev, Deputy Financial Director at LSR Group.
An important feature of the project became automation of reporting consolidation regulations, which is of particular significance for holding companies with a considerable number of subsidiaries. Implementation of the Extensity Performance Management system enabled to accelerate reporting data planning and compilation in the Group of Companies and to make them more transparent. «The information system established in LSR Group has the set of functions required to any holding company, which enables to take into account and to automatically exclude intra-corporate transactions,» comments Dmitry Slinkov, member of the Board of Directors of KORUS Consulting. «This helps accelerate and facilitate verification and consolidation of the reports significantly.»
KORUS Consulting was selected as partner to implement the Extensity Performance Management due to its powerful expertise and extensive experience in automating budgeting at enterprises of different scale and lines of business. The company employs more than 100 advisors specializing in implementation of CRM systems. Currently the number of users of the budgeting systems implemented by KORUS Consulting exceeds 3,000 across Russia. «In implementing the project, specialists from KORUS Consulting managed to fully account for the specific features of LSR Group business and implement our requirements to reworking of the standard systemic solution. This predetermined our intention to cooperate with KORUS Consulting,» concludes Kliment Falaleev. The short-term plans of the partners include automation of processes for transformation of LSR Group financial statements from RAS to IAS.
LSR Group is the biggest association of industrial and construction enterprises of the North West of Russia. The Group consolidates enterprises involved in production ad processing of non-ore minerals, production and transportation of construction materials, construction of buildings — from large-panel mass series residential premises to ‘unique' buildings. The enterprises making part of the Group include such industry leaders as Vozrozhdenie Sankt Peterburga Construction Corporation, Gatchinsky DSK, Barrikada Production Association, Obiedinenie 45, Rudas, Granit-Kuzhechnoye, Pobeda LSR, etc.
KORUS Consulting specializes in implementation of regular management technologies. The company employs over 400 employees, of which more than 100 deal with implementation of budget management and analysis systems. KORUS Consulting is an official representative in the CIS and the Baltic states and the Platinum Certified Consulting Partner of Extensity (formerly Geac); it has the status of Golden Certified Partner of Microsoft. The Company is also a partner of Oracle for implementation of Oracle E-Business Suite. In addition, KORUS Consulting has the highest partner status of EMC — VelocityІ Content Management Premier Partner; it is an official operator of electronic exchange with commercial documents on the basis of ECOD software in Russia and the CIS and the partner of Manhattan Associates — the supplier of the WMS-system, which is recognized as the world's No. 1 solution for warehouse management.
The partner enterprises of KORUS Consulting are as follows: MIEL Nedvizhimost real estate company, KONTI construction corporation, Svyazinvest, Pulkovo airport, Severstaltrans, OK chain of hypermarkets, SPAR chain of supermarkets, PATERSON chain of department stores, DOMO trade chain, TsUM, 3PL-operator Relogix, Avtomir chain of motor salons, Kvartal convenience stores, Moldova metallurgical plant, Pervouralsky Novotrubny Zavod, Sredneuralsky Copper Melting Works, Akrikhin medical and pharmaceutical facility, KMB-Bank.
THE MATERIALS YOU ARE SEEKING TO ACCESS ARE BEING MADE AVAILABLE ON THIS WEBSITE IN GOOD FAITH AND ARE FOR INFORMATION PURPOSES ONLY.
THESE MATERIALS ARE NOT DIRECTED AT OR ACCESSIBLE BY PERSONS IN THE UNITED STATES, OR PERSONS RESIDENT OR LOCATED IN AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION WHERE THE EXTENSION OF AVAILABILITY OF THE MATERIALS TO WHICH YOU ARE SEEKING ACCESS WOULD BREACH ANY APPLICABLE LAW OR REGULATION.
The materials do not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States, Australia, Canada, Japan or in any jurisdiction in which such offers or sales are unlawful. Any securities issued in connection with an offering have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or under any applicable securities laws of any state, province, territory, county or jurisdiction of the United States, Australia, Canada or Japan. Accordingly, unless an exemption under relevant securities laws is applicable, any such securities may not be offered, sold, resold, taken up, exercised, renounced, transferred, delivered or distributed, directly or indirectly, in or into the United States, Australia, Canada, Japan or any other jurisdiction if to do so would constitute a violation of the relevant laws of, or require registration of such securities in, the relevant jurisdiction. There will be no public offer of securities in the United States.
The materials are only addressed to and directed at persons in member states of the European Economic Area who are "qualified investors" within the meaning of Article 2(1)(e) of the Prospectus Directive (Directive 2003/71/EC) ("Qualified Investors"). In addition, in the United Kingdom, the materials are being made available only to, and are directed only at, Qualified Investors who are persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or who are high net worth entities falling within Article 49(2)(a)-(d) of the Order and other persons to whom it may otherwise lawfully be communicated (all such persons together being referred to as "relevant persons"). Any investment or investment activity to which the materials relate is available only to relevant persons in the United Kingdom and Qualified Investors in any member state of the European Economic Area other than the United Kingdom, and will only be engaged with such persons. Other persons should not rely or act upon the materials or any of their contents.
If you are not permitted to view materials on this website or are in any doubt as to whether you are permitted to view these materials, please exit this webpage. These materials must not be, released or otherwise forwarded, distributed or sent in or into the United States, Australia, Canada, Japan or any jurisdiction in which such offers or sales are unlawful. Persons receiving such documents (including custodians, nominees and trustees) must not distribute or send them in, into or from the United States, Australia, Canada or Japan.
Confirmation of understanding and acceptance of disclaimer
I warrant that I am not located in the United States and am not resident or located in Australia, Canada, Japan or any other jurisdiction where accessing these materials is unlawful, and I agree that I will not transmit or otherwise send any materials contained in this website to any person in the United States, Australia, Canada, Japan or any other territory where to do so would breach applicable local law or regulation.
I have read and understood the disclaimer set out above. I understand that it may affect my rights and I agree to be bound by its terms. I confirm that I am permitted to proceed to electronic versions of the materials.
We regret that, due to regulatory restrictions, we are unable to provide you with access to this section of our website.
You have indicated that you are located in the United States. These materials are not intended for, directed at or accessible by persons located in the United States. However, persons located in the United States that make the below certifications can access these materials. Please read the certifications below carefully and provide the information requested in order to access these materials. If you cannot make the below certifications, please exit this page.
“We are a “qualified institutional buyer” (a "QIB") as defined in Rule 144A under the U.S. Securities Act of 1933, as amended (the "Securities Act"). Further, if we are acting as a fiduciary or agent for one or more investor accounts, (a) each such account is a QIB, (b) we have investment discretion with respect to each account, and (c) we have full power and authority to make the representations, warranties, agreements and acknowledgements herein on behalf of each such account.”
“We acknowledge that the materials relate to a transaction that is not subject to, or is only available in the United States pursuant to an exemption from, the registration requirements of the Securities Act.”
By clicking “I AGREE” below, you are certifying that the certifications and information provided are accurate and that you would like to access the materials. You agree that the materials you access are for your own use and will not be distributed to any person outside of your organisation.