BILLIONS OF DOLLARS, DOZENS OF
LEGPERS AND FOUR ACCOUNTANTS

Once Russia is far from being a rule-of-law state and has its own book-keeping standards the two main tasks of the Accounts Department are to minimize the taxation at maintaining the minimal risk level of law enforcement authorities’ intervention.

Thus the Accounts Department is a generator of reports for fiscal authorities based on officially declared activities. It’s a structural subdivision existing for business needs despite most chief accountants think the opposite.

Based on one-way data transfer principle Ultima ERP implements exporting mechanisms of the company activities into 1С favored of all Russian female accountants.

One-way data transfer principle makes accounting and tax accounting automation much simpler and provides extra protection from human factor for there’s no way back for the information.

As a result you need fewer employees in the Accounts which was clearly demonstrated by our client ULTRA Electronics.

The company’s annual sales reached $1bln. ULTRA Electronics specialized in retail sales but besides dealt with business clients and both small and big wholesalers. The company was active in several cities and had a complex organizational structure with many legal entities. Other words it was a large stage for the Accounts Department which tends to be self—multiplying and may number up to a hundred employees or even more.

In ULTRA Electronics there were 4 (four) accountants and they got through.

There was no need to staff up even at peak demand (NY etc.). Both the system and people did pretty well.

Surely people had to sweat blood while submitting annual accounts.

But as it’s said in the Bible "By the sweat of your brown you will have food to eat..."