Siberian Coal Energy Company (SUEK), Russia’s largest coal producer association, has selected River Logic’s Integrated Business Planner (IBP), a planning application for fully integrating financials with sales and operations planning (SOP). IBP will be used to integrate SUEK’s production, transportation, marketing, and financial planning processes. Through advanced analytics, what-ifs, and optimisation, SUEK will have the ability to plan monthly, quarterly, half-year, and annually, determining outcomes and optimising financial performance for the company.
“We were attracted to the flexibility of IBP. We can determine things such as how to: model blends of coals; customise multi-criteria optimisation; and simulate financial flows,” said Alexey Dmitrochenko, head of UPIDR, SUEK. “We expect our transition to IBP to streamline efforts for determining realistic plans for the company and in shorter time.”
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.