Rosseti

Direction

Implementation of an automation system for preparing consolidated financial statements in accordance with IFRS based on IBM Cognos Controller.

Project Description

PJSC «Rosseti» is an operator of energy networks, one of the largest power grid companies in the world. Consolidated financial statements in accordance with IFRS are prepared four times a year for the Group, which includes about 90 subsidiaries and affiliates. More than 120 users take part in the preparation of reports.

ADE Professional Solutions has implemented a system for automating the preparation of consolidated IFRS statements based on IBM Cognos Controller. The functionality of the system is used to collect financial information, reconcile intra-group transactions, control the preparation process and automatically calculate consolidation amendments in the context of the constantly changing ownership structure of the Group's enterprises. We have been providing ongoing technical support for the system for over 5 years.

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