Analytical potential of digital solutions in financial management of a group of companies

Abstract

As a group of companies grows through the acquisition (creation) of legal entities from related or related industries, the problem of ensuring manageability becomes more acute, which manifests itself in the financial sector due to suboptimal cash flows, duplication of efforts, inconsistency of accounting and reporting, and different policies for managing financial risks and debt. The solution was found in a unified treasury platform, the automation of which based on ERP systems today provides a number of positive effects for the group as a whole due to: increasing interest rates, involving in the placement of previously unplaced amounts, reducing commissions and other payments for banking services, reducing the total number of financial services personnel and increased intra-corporate borrowing. The authors, using the example of a project implemented in the Tatneft Group, explore these effects and are looking for opportunities for deeper analytics of the data available to the centralized treasury platform.