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Our Clients’ Responses
OOO STARATELI - the leading Russian manufacturer of building mixes and paint and varnish production
OOO STARATELI is the leading manufacturer of building mixes and paint and varnish production in the Russian Federation. OOO STARATELI is the large industrial enterprise with branches in regions of Russia and CIS-countries.
Our company applied to Bimmacon consulting company with the request to provide management accounting system and create an effective structure of financial and economic service at our enterprise.
They diagnosed the financial system of the enterprise and defined directions and objectives for mutual work.
As a result of mutual work the system of management accounting, management reporting and analysis methodology have been developed at our enterprise. The changes took place regarding principles of collecting information, documents circulation, structure of accounting.
Due to the made changes OOO STARATELI managed to organize in the shortest time the activity of financial and economic service in analyzing performance results of the company, its structural divisions, and also to install the system monitoring all aspects of company’s activity –cash flows, inventories, production, fixed assets, investments, etc.
We mark high professionalism of Bimmacon consultants. All the proposals were made regarding the future prospects of the company development and market situation .
We thank Bimmacon company and personally General Director A.V.Tsarapkin and we recommend Bimmacon company as the reliable partner in making strategic changes at the enterprises.
OOO STARATELI
Koludarov Vyacheslav Ivanovich
Financial director
ZAO Industrial building company "PM"
The main aim of our cooperation with Bimmacon company was the necessity to increase transparency and manageability of our company, which has seriously expanded for the latest years by having diversified in absolutely different spheres. In the course of the project, which was aimed at the introduction of management accounting and budgeting by Bimmacon experts together with our holding company management, the development and introduction of new approaches to finance management, planning, consolidation of the holding company data were carried out.
The system offered by Bimmacon experts allowed us to take successfully into account not only basic activity works– construction and start-up and adjustment works, but also our new directions – production of metallic structures and industrial woodworking.
As a result of the project we introduced a control system according to business-units, management accounting, transfer pricing, planning, reorganized business-processes.
During the works Bimmacon experts took into consideration specific features of building companies and holding companies. The work with regard for the branch specificity resulted in fast and effective introduction of all the development.
We thank Bimmacon company and personally A.V.Tsarapkin for high standards of work at the enterprises and we recommend the company to cooperate with.
S.V.Shumihin, General Director
JSC KIROVKHLEB
From June, 2002 to November, 2003 consultants of your company were carrying out the project on re-structuring our company.
Our joint stock company is a diversified holding company including 2 bread-baking complexes, complex of bakery production, 6 integrated poultry farms, agricultural enterprises, an instrument-making enterprise and retail network.
In the course of the project the following works were performed:
- systems of management accounting, budgeting and cost management were developed and introduced,
- the system of active sales was built up,
- the company objectives and strategy were developed
- the system of strategic management bsc was developed and introduced,
- the new system of staff motivation was developed.
During the whole period of work the team of consultants under project leader A.V. Tsarapkin’s supervision proved to be high professionals, capable of meeting challenges, of taking into account the peculiarities of the diversified company, of contacting chiefs and experts on different levels.
The techniques and control systems developed by the consultants have proved to be efficient not only at the separate enterprises, but also within the holding framework.
While cooperating the team of consultants gave special attention to the introduction of developments.
With pleasure I recommend your company and consultants to meet challenges concerning business restructuring and reorganization, and introduction of new control systems.
M.G.Dzagoev, General Director
JSC VELAN
JSC VELAN thanks Bimmacon company for the granted review “Market research of low-voltage hardened electrical equipment”.
The given research contains quite powerful quantity of the helpful information, is well illustrated and has a high degree of perception.
We are satisfied with the results of your work, which, we hope, will help choose correct strategic and tactical decisions.
E.J.German, JSC VELAN General Director
ZAO PODOLSK BATTERY FACTORY
Our factory turned to your company due to the necessity to organize management accounting, planning and budgeting system, and also to strengthen control over the company expenditures.
In the course of cooperation we analyzed the existing finance control system, developed new concepts of accounting, analyzing, planning of the factory financial and economic activity.
While working we revealed significant reserves of increasing company cash flows due to cost and payments optimization, introducing budget management, and also increasing control over financial and economic operations.
As positive we could mark the conducted work on increase in professionalism of factory workers and their training.
Tanchenok A.S., Deputy General director
JSC AVTOELECTRONIKA (Kaluga factory of electronic products)
JSC AVTOELECTRONIKA considers it an honour to present the recommendations to LLC Bimmacon
Our joint stock company designs, produces and sells automobile components to leading car factories in the Russian Federation. Assets of the company amount to about 500 mln rbl., an annual turnover is nearly 500 million rbl. without VAT. Number of workers is about 1000 people.
We started developing and introducing the systems of management accounting and budgeting when we realized the necessity of optimum control over the limited resources in the environment of fierce competition in the market of automobile components. We were first to train heads of economic departments and choose a consulting firm.
The decision about turning to a consulting firm was made since the introduction time was limited, and our own work could take more time and could be probably less successful.
In February, 5, 2002 we signed the contract on rendering design consultancy services. Under the contract the technical project and the planned schedule of works on introduction of management accounting and budgeting were developed. The active phase started in July, 2002 after carrying out diagnostics and working out recommendations about the organization of accounting, planning and reporting. At the same time we were working on the choice of IT program– base of automated accounting and budgeting.
Under the consultants’ recommendations we sufficiently reorganized the structure of accounting, economic, financial services, computer-aided manufacturing department, redistributed functions, made personnel changes directed on strengthening the role and increasing the responsibility of specified divisions.
The characteristic features of Bimmacon experts in work are professionalism, objectivity to personnel, absolute aiming at the result, rather tough psychological approach to the project, fast and productive reaction to arising problems, efficiency in remote support. Such merits let the enterprises working with your company be assured in the optimum solution to the defined problems.
Yours faithfully,
A.V.Perchjan, General Director
Smolensk Commerce and Industry Chamber
Commerce and Industry Chamber expresses profound gratitude to your company and personally to Kohanova T.A. for introduction of training programs and assistance to business development of Smolensk region enterprises.
Smolensk Commerce and Industry Chamber Vice-president
JSC AVTOSVET FACTORY
JSC AVTOSVET FACTORY turned to your company for the first time in October, 2000 for the consultations on budgeting installment at the factory. Finance department officers had to do “Business budgeting " training, which contributed to understanding the purposes to draw up budgets, phasing the new management tool input, and also defined the new qualitative approach to planning and control of cash flows. At the management accounting seminar we were informed on modern methods of management of company’s economic activities, aimed at their efficiency increase…
The organizational form of the seminars appears to be of interest as the company uses modern methods of presenting information, a "question-answer" mode and provides new scientific development with the results of their application.
JSC AVTOSVET FACTORY considering the fruitful cooperation intends to use your company services in future."
S.V.Andreeva, Director of the financial and economic department
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