Magnitogorsk Iron and Steel Works

Direction

Implementation of the IFRS reporting system based on IBM Cognos Controller.

Project Description

Magnitogorsk Iron and Steel Works is one of the largest steel producers and holds a leading position among Russian ferrous metallurgy enterprises. The group includes more than 110 companies with various functional currencies. The implemented IFRS reporting system based on IBM Cognos Controller allows 10 users to monthly prepare IFRS financial data in two reporting currencies and issue reports 4 times a year.

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