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RusHydro implements unified financial and economic management system based on SAP ERP

JSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) has begun implementation of unified automated financial and economic management system based on SAP ERP. The System will support 1.5 thousand users, both in the central office and 19 branches of RusHydro.

Implementation of the system will allow automate processes of financial and economic planning and control, procurement management, preparation of accounts in accordance with Russian Accountings Standards and International Financial Reporting Standards, as well as tax reporting. The main contractor for implementation of SAP ERP will be Technoserv Consulting, member of Technoserv Group, specializing in business application and IT-consulting.

The system will be synchronized with existing electronic workflow system, specialized corporate software, and official government procurement website as well as with corporate portals, both internal and external.   

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