7 december 2017
MAYKOR-GMCS developed a treasury management system for JSC "Unified digital networks"

MAYKOR-GMCS completed the first implementation stage of a unified treasury management system for Joint Stock Company "United Digital Networks" based on Microsoft Dynamics AX 2012 R3.


The company "United Digital Networks" provides development and implementation of modern digital solutions for the entertainment industry and organizations managing copyright and related rights.


The unified treasury system ensures centralized management of the company's cash flows, allowing effective control over operating costs. Taking into account the business specifics, the customer conducts a large number of internal and external payments. The system automatically approves and forms payment logs based on the payment calendar. The system also executes the accounting of contracts, intercompany operations, budgeting.


For the operational analysis of key financial indicators, GMCS implemented a portal that consolidates information from several information systems. Thereby, the management board can assess the current financial condition and take the necessary management steps at any time.


"This is not our first attempt to automate the treasury processes. The previously implemented solutions did not meet our needs, and the accounting was mainly handled manually in Excel. By choosing the ready-made solution of MAYKOR-GMCS based on Dynamics AX, we were able to solve our management tasks," says Alexander Chislov, CEO of "United Digital Networks".


The new treasury system employs more than 100 users. The next project stages will include the development of the system's functionality and automation of other accounting areas.


"The system was deployed using our own treasury management solution, which had proven itself on other projects in a wide variety of industries. In addition to the standard functions, the system covers a number of functions related to the specifics of the customer's business. In particular, it is the intellectual integration that not only facilitates the transfer of counterparties cards, settlement accounts, contracts, payments and statements to the accounting system, but also allows you to quickly connect and establish data exchange with other related systems," adds Ksenia Chernikova, Business Director of MAYKOR-GMCS.

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