29 april 2009
Microsoft and GMCS for holding companies
GMCS announces that Microsoft corporation has registered the GMCS Holding solution based on Microsoft Dynamics AX designed for the automation of activities of asset management companies and multi-profile holding companies.

GMCS Holding strives to solve a wide range of tasks for all of the holding company's subdivisions. In particular, the solution is an efficient tool for comprehensive automation of financial accounting, including bookkeeping and tax accounting, accounting according to international standards supporting "fast close" technologies, consolidating financial data from branches, forming a consolidated package of corporate reporting based on preconfigured template forms.

Another important feature of the solution is the possibility to deploy a unified settlement centre (treasury) of the holding company in order to organize operative planning of cash flow, control over payments from financial responsibility centers, manage credit and loan operations, obtain graphic reporting of cash flow budget execution by subdivisions, as well as forecast the state of liquidity for any specified date. In order to ensure convenient operation of the holding company's treasury the solution may be integrated with over 40 client-bank systems, the processing of bank statements – automated.

GMCS Holding provides users from the legal service of the holding company with functionality for maintaining a register of legal entities with the possibility of storing any information related to their servicing, including archives of copies of statutory documents, general authorities, minutes of companies shareholders meetings and other documents in Russian and in English. Company employees can rapidly provide managers with reports on the structure of the holding company's property and the fractions of cross ownership of legal entities.

An advantage of GMCS Holding is the possibility to manage diverse assets, which is particularly important for companies with a complex ownership structure. When implementing the solution particularities of resident and non-resident companies are taken into account.

At the moment the GMCS Holding solution is being successfully used in the operation of over 15 clients of GMCS, including: Rostelecom, Synterra, Belaya Dacha, OGK 4, TransTelecom, T-Pay, GOTEK Group, RIA Novosti etc.

"Registration of the GMCS Holding solution is a timely and natural step in the field of managing holding companies based on ERP Microsoft Dynamics systems," says Vadim Korepin, Microsoft Dynamics AX solution manager, Microsoft.

"Registration of the solution by Microsoft corporation is an acknowledgement of the many years of experience of GMCS consultants with Russian holding companies, which occupy leading positions in their respective industries," notes Oleg Lysov, Head of the Microsoft Solutions Department at Microsoft.

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