OMZ Group and OOO Galfind complete deployment of new software

OMZ Group and OOO Galfind, developer of IT solutions for financial accounting, had completed deployment of 1C: Consolidation PROF 8 software used for IFRS accounting.

The project was aimed at automation of the existing accounting transformation model in order to consolidate accounting and create a single transparent unified information space for all OMZ Group companies (including international subsidiaries).

During the project implementation OOO Galfind had added various functions to the basic software. Special attention was paid to the accounting correction templates due to consolidation of information with foreign subsidiaries (Skoda JS, Czech) and improvements of the existing algorithms in order to increase usability and ease of working with numerous reports.

The resulting multifunctional software suite allows working with large data arrays and flexibly customizing any accounting data collection models of the OMZ Group companies, controlling the accuracy of the provided information and compiling consolidated IFRS accounts in a timely manner.

OMZ Group is one of the leading heavy industry companies specializing in engineering, production, sales and service support of equipment for nuclear, oil and gas, mining industries, as well as special steel production and industrial services. OMZ Group’s facilities are located in Russia and Czech Republic. The Group is controlled by Gazprombank.