Imperial Tobacco The Imperialist 3 | Page 12

#Project FINANCE SHARED SERVICES Our financial and accounting services spent the 2018 fiscal year on the preparation and launch of work with the Finance Shared Services. I n the first half of the year, the project team studied all the financial activities and came up with a plan to transfer all recurring and routine transactional operations to our partner IBM. At the next stage, Imperial Tobacco employees transferred knowledge of local and global financial reporting and accounting standards, approved work instructions and tracked IBM’s work. By the end of September, all transactions of Imperial Tobacco were passing through the Finance Shared Services. The launch of the Finance Shared Services brought about changes in corporate procedures and work patterns in all the company’s offices. Updated instructions on the FSS project, links to new systems, and questions and answers to possible questions are laid out in a special section on the Intranet. Natalia Derepasko, Deployment Lead: “The combined ITG and IBM team did a lot of work in fiscal year 2018. We analyzed financial processes, discussed them and showed the IBM employees all the details. But the project has still not been completed. Recently we successfully conducted the knowledge transfer phase and have almost completed the transition period. The Finance Shared Services team successfully picked up the entire array of operations, the Imperial Tobacco financial team is now tracking IBM’s work, correcting inaccuracies and advising.” How to fill out a package of documents for the Scanning Center Each set of documents should be attached to a separate file with a sticker attached with the following information: • T he name of the employee who provides the documents. •  T he recipient/signatory’s name for contractual and closing documents. At the central office of Imperial Tobacco, the Scanning Center has been equipped. This is a completely new structure in the company’s financial department. All documents that come from our counterparties pass through the Scanning Center. Their scanned images are then transferred to the Finance Shared Services, and the originals are archived. How an invoice should made out for Imperial Tobacco • The purchase order number can be specified anywhere on the invoice except for the fields for names of services, work, and goods. • The PO number must follow the words “PO” or “Purchase Order” or “Purchase Order (PO)”. • If an invoice is issued for several purchase orders, their numbers should be entered using a comma or semicolon. • T he actual address of the supplier, if different from the legal address specified in the document. • T he actual contact person for obtaining documents from the supplier and his phone number, if different from the previously provided master data on suppliers. It is sufficient to specify factual data only the first time for each supplier. The Scanning Center saves the information and will use it in the future. Elena Roskoshnaya, STP and Directum SME: “The Scanning Center is the link between Imperial Tobacco and the IBM. Despite the name, its function is more analytical: understand which business process a document concerns and processing it according to the rules set by Russian legislation and the global procedures of the Group. The direct technical part of scanning is important, but it is far from the only stage in the document flow between Imperial Tobacco and the Finance Shared Services.” At the final stage the project team will carefully continue to monitor the work of the Finance Shared Services. By the end of the FSS project, the Imperial Tobacco financial service should be confident that none of our work operations raise questions from the Finance Shared Services. The Империалист |  | 12