26 april 2012
GMCS customers sharing good practice: IDGC Holding demonstrates business analytics in practice at IBM Finance Forum
GMCS traditionally became a partner of the IBM Finance Forum held on April 26 this year at the Holiday Inn Sokolniki Hotel.

The Forum participants acquainted themselves with the new solutions from the IBM Business Analytics portfolio including IBM Cognos® Insight and new capabilities of IBM Cognos TM1®. The Forum participants were able to learn how using the IBM business analytics solution to prepare financial document and reporting; improve company performance; analyze, plan and develop a company development strategy; and accomplish the tasks of budgeting and forecasting, financial control, provide risk management and conformity with the regulatory requirements.

The report presented by Andrei Konovalov, Head of the Strategy, Development and Innovations Center of IDGC Holding, was of particular interest for the Forum participants who told about the operation of the IDGC Holding comprehensive reporting collection and analysis system deployed based on the IBM Cognos Planning and IBM Cognos 10 BI solutions. This system was implemented jointly with GMCS and serves more than 600 users at the moment. Thanks to this system, today the labor costs for data input decreased 3 times, for reporting data collection from the business units (11 IDGC in 69 regions of the Russian Federation) - 4 times.

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