LITIKO has automated corporate finance management at Unimed
How to Reduce Labor Costs, Optimize Expenses, and Improve Enterprise Management Quality
LITIKO, a leading IT integrator, consultant, and developer of business management software solutions, has automated corporate finance and payment request workflows based on 1C for the Unimed company.
This allowed the company to reduce labor costs in budgeting processes, shorten the time required to generate corporate financial reports, minimize the risk of errors in reporting, optimize expenses, and improve the overall quality of enterprise management.
Unimed imports premium eco-friendly and organic products manufactured in Sweden, Denmark, Switzerland, Germany, France, and Spain. Its products are highly popular among thousands of loyal customers and are distributed across more than 1,500 retail outlets.
Unimed approached LITIKO because the company was no longer satisfied with the labor intensity, turnaround times, and completeness of corporate reporting done via EXCEL, as well as approvals handled via email. These tools had ceased to keep pace with the company’s dynamic business environment.
Prior to launching the project, LITIKO’s experts conducted a search and analysis of existing 1C-based corporate finance solutions on the market and evaluated their capabilities. As a result, Unimed was advised to implement the “Corporate Finance Management” Solution, curated by LITIKO specialists.
“There are only a few off-the-shelf solutions on the market for automating corporate finance and budgeting based on the 1C system. The deployment budget for such solutions, including the software license costs, starts at 250,000 hryvnias. What we offer is a relatively new solution, thoroughly field-tested in corporations and holding companies, at half the cost,” noted LITIKO Director Sergiy Litvinenko.
How the Solution’s Deployment Impacted Unimed’s Operations
The entire implementation project—including design, configuration, solution customization, and writing technical manuals followed by training for Unimed employees—took just one month. As a result, the firm’s leadership and managers now receive real-time corporate reporting in both monetary and quantitative terms across the following main budget structures:
- Cash Flow budget;
- Profit and Loss (P&L) budget;
- Balance Sheet;
- Shipment Plan;
- Cash Inflow Plan;
- Procurement Plan (required for forecasting imported goods procurement);
- Sales Plan.
Furthermore, the Solution provides the capability to:
- Consolidate corporate reporting within a single unified system;
- Accurately assess the company’s financial standing online in real time;
- Quickly build analytical models and run “what-if” scenario modeling;
- Promptly process and approve payment requests while enforcing budget limits.
Based on the up-to-date and reliable data obtained, managers at all levels can swiftly make informed management decisions.
“The ‘Corporate Finance Management’ Solution works with various 1C configurations, including UTP and UPP. I appreciated its simplicity and flexibility in configuration, which allows it to be launched and put to use within 2 to 4 weeks,” noted Project Manager Oksana Cherniavska.
