/BACK
Sapiens has implemented an SAP-based accounting and tax reporting system in Lenta hypermarkets
Moscow, 2017. The Russian IT business Sapiens completed the project of building a standard solution for satisfying the requirements of Chapter 25 of the Tax Code and RAS 18/02 on the SAP BW on HANA platform for the largest retail chain "Lenta."
With 195 sites in 78 cities, the Lenta hypermarket chain is Russia's largest retail facility. Due to the ever-increasing volumes of data in the retail chain, the process of producing tax returns must be automated. "We chose to implement a Sapiens tax accounting system owing to the high complexity of data collection and the limited capabilities of the previous reporting tool," stated Anastasia Cheredilova, Lenta IT Service's Head of Finance."Thanks to the in-depth examination of documentation, transparency of aggregated data, and automation of the process, we now have the ability to quickly submit tax returns with low chance of errors."
All of the criteria of Chapter 25 of the Tax Code and RAS 18/02 were met during the project, including the creation of tax registers, income tax declarations, distinct division computations, and the development of XML files for electronic document management. A versatile analytical OLAP reporting system has also been developed. The key element of the project is the transfer of settings, computations, and tax reporting from the ERP system to the new platform, which has a number of functional limitations.
"Our standard solution, which is based on the standard tax accounting approach, talent, and extensive project experience, has allowed us to reduce the risks and costs of implementation. We've also provided the Lenta accounting department with a robust tool for tax reporting", - Sapiens' CEO, Yuri Efarov, remarked. - According to Dmitry Krasyukov, Deputy General Director of SAP CIS, "the solution allows you to generate reliable, operational consolidated reports, reduce the risks of errors in the preparation of tax reports, and reduce the time to collect data on the documentation requested by regulatory authorities." - Furthermore, a flexible and powerful method for creating data warehouses allows you to mix the full range of required data from diverse sources, such as the General Ledger, ERP modules, and so on."
"Our standard solution, which is based on the standard tax accounting approach, talent, and extensive project experience, has allowed us to reduce the risks and costs of implementation. We've also provided the Lenta accounting department with a robust tool for tax reporting", - Sapiens' CEO, Yuri Efarov, remarked. - According to Dmitry Krasyukov, Deputy General Director of SAP CIS, "the solution allows you to generate reliable, operational consolidated reports, reduce the risks of errors in the preparation of tax reports, and reduce the time to collect data on the documentation requested by regulatory authorities." - Furthermore, a flexible and powerful method for creating data warehouses allows you to mix the full range of required data from diverse sources, such as the General Ledger, ERP modules, and so on."
About the companies
Lenta ranks first among hypermarket chains in terms of store space and fourth among the country's major retailers (in terms of revenue for the first quarter of 2017). The company was founded in 1993 in St. Petersburg. With a total retail space of 1,173,416 square meters, Lenta runs 195 hypermarkets in 78 towns across Russia and 59 supermarkets in Moscow, St. Petersburg, Novosibirsk, and the Central Region. The average retail space of a Lenta hypermarket is 5,700 square meters, whereas the typical supermarket is 900 square meters. The corporation owns and runs seven distribution centers.
The company produces a number of low-cost hypermarket formats, each with its own marketing and price guidelines, as well as a selection of locally produced goods. The Company's workforce was 45,689 as of December 31, 2016[1].
The company produces a number of low-cost hypermarket formats, each with its own marketing and price guidelines, as well as a selection of locally produced goods. The Company's workforce was 45,689 as of December 31, 2016[1].
The company's executive team has a wealth of worldwide expertise as well as in-depth understanding of the Russian market and vast Russian experience. TPG Capital and the European Bank for Reconstruction and Development are Lenta's major owners, and both adhere to strict corporate governance standards. Under the trading code "LNTA," Lenta is traded on the London Stock Exchange and the Moscow Stock Exchange.
Sapiens was created in 2012 by a group of Russian developers and SAP specialists with extensive experience in consultation and implementation. Over 100 projects in the retail and telecommunications sectors have been successfully handled by a permanent staff with many years of expertise in the field of information technology. M.Video, Detsky Mir, and Megafon are just a few of Sapiens' clients. Sapiens is now a group of professionals that specialize in the creation of data warehouses, analytical reporting, mobile apps, and planning and forecasting systems.
SAP is a global leader in the development of business applications. Whether it's support services or a board of directors, a warehouse or a retail location, desktop or mobile apps, the company helps companies of all sizes and specialities run their operations more efficiently.
SAP products and services are used by over 345,000 customers, and the company's advanced technologies assure high profitability, continual adaptation, and long-term growth.
The SAP SE office in Moscow first opened its doors in 1992. Furthermore, SAP representative offices with over 1,050 employees have been opened in Yekaterinburg, St. Petersburg, Novosibirsk, Rostov-on-Don, Almaty, and Minsk during the previous 20 years. Visit www.sap.com and www.sap.ru for additional information.
/BACK
Sapiens has implemented an SAP-based accounting and tax reporting system in Lenta hypermarkets
Moscow, 2017. The Russian IT business Sapiens completed the project of building a standard solution for satisfying the requirements of Chapter 25 of the Tax Code and RAS 18/02 on the SAP BW on HANA platform for the largest retail chain "Lenta."
With 195 sites in 78 cities, the Lenta hypermarket chain is Russia's largest retail facility. Due to the ever-increasing volumes of data in the retail chain, the process of producing tax returns must be automated. "We chose to implement a Sapiens tax accounting system owing to the high complexity of data collection and the limited capabilities of the previous reporting tool," stated Anastasia Cheredilova, Lenta IT Service's Head of Finance."Thanks to the in-depth examination of documentation, transparency of aggregated data, and automation of the process, we now have the ability to quickly submit tax returns with low chance of errors."
All of the criteria of Chapter 25 of the Tax Code and RAS 18/02 were met during the project, including the creation of tax registers, income tax declarations, distinct division computations, and the development of XML files for electronic document management. A versatile analytical OLAP reporting system has also been developed. The key element of the project is the transfer of settings, computations, and tax reporting from the ERP system to the new platform, which has a number of functional limitations.
"Our standard solution, which is based on the standard tax accounting approach, talent, and extensive project experience, has allowed us to reduce the risks and costs of implementation. We've also provided the Lenta accounting department with a robust tool for tax reporting", - Sapiens' CEO, Yuri Efarov, remarked. - According to Dmitry Krasyukov, Deputy General Director of SAP CIS, "the solution allows you to generate reliable, operational consolidated reports, reduce the risks of errors in the preparation of tax reports, and reduce the time to collect data on the documentation requested by regulatory authorities." - Furthermore, a flexible and powerful method for creating data warehouses allows you to mix the full range of required data from diverse sources, such as the General Ledger, ERP modules, and so on."
"Our standard solution, which is based on the standard tax accounting approach, talent, and extensive project experience, has allowed us to reduce the risks and costs of implementation. We've also provided the Lenta accounting department with a robust tool for tax reporting", - Sapiens' CEO, Yuri Efarov, remarked. - According to Dmitry Krasyukov, Deputy General Director of SAP CIS, "the solution allows you to generate reliable, operational consolidated reports, reduce the risks of errors in the preparation of tax reports, and reduce the time to collect data on the documentation requested by regulatory authorities." - Furthermore, a flexible and powerful method for creating data warehouses allows you to mix the full range of required data from diverse sources, such as the General Ledger, ERP modules, and so on."
About the companies
Lenta ranks first among hypermarket chains in terms of store space and fourth among the country's major retailers (in terms of revenue for the first quarter of 2017). The company was founded in 1993 in St. Petersburg. With a total retail space of 1,173,416 square meters, Lenta runs 195 hypermarkets in 78 towns across Russia and 59 supermarkets in Moscow, St. Petersburg, Novosibirsk, and the Central Region. The average retail space of a Lenta hypermarket is 5,700 square meters, whereas the typical supermarket is 900 square meters. The corporation owns and runs seven distribution centers.
The company produces a number of low-cost hypermarket formats, each with its own marketing and price guidelines, as well as a selection of locally produced goods. The Company's workforce was 45,689 as of December 31, 2016[1].
The company produces a number of low-cost hypermarket formats, each with its own marketing and price guidelines, as well as a selection of locally produced goods. The Company's workforce was 45,689 as of December 31, 2016[1].
The company's executive team has a wealth of worldwide expertise as well as in-depth understanding of the Russian market and vast Russian experience. TPG Capital and the European Bank for Reconstruction and Development are Lenta's major owners, and both adhere to strict corporate governance standards. Under the trading code "LNTA," Lenta is traded on the London Stock Exchange and the Moscow Stock Exchange.
Sapiens was created in 2012 by a group of Russian developers and SAP specialists with extensive experience in consultation and implementation. Over 100 projects in the retail and telecommunications sectors have been successfully handled by a permanent staff with many years of expertise in the field of information technology. M.Video, Detsky Mir, and Megafon are just a few of Sapiens' clients. Sapiens is now a group of professionals that specialize in the creation of data warehouses, analytical reporting, mobile apps, and planning and forecasting systems.
SAP is a global leader in the development of business applications. Whether it's support services or a board of directors, a warehouse or a retail location, desktop or mobile apps, the company helps companies of all sizes and specialities run their operations more efficiently.
SAP products and services are used by over 345,000 customers, and the company's advanced technologies assure high profitability, continual adaptation, and long-term growth.
The SAP SE office in Moscow first opened its doors in 1992. Furthermore, SAP representative offices with over 1,050 employees have been opened in Yekaterinburg, St. Petersburg, Novosibirsk, Rostov-on-Don, Almaty, and Minsk during the previous 20 years. Visit www.sap.com and www.sap.ru for additional information.