1Ci would like to inform users and partners about the release of a new application, 1C:Perform, designed to automate the following tasks:

• Budgeting and consolidation of management reporting.
• Visualization of key performance indicators based on the BSC metric.
• General risk management.
• Accounting and preparation of separate and consolidated IFRS financial statements.
• Reporting preparation management.
• Integration and master data management.
• 1C:Perform provides seamless integration with any solutions based on the 1C:Enterprise platform (including data import for reporting indicators and their drill-down to an external system document), and also contains tools for integration with third-party vendor systems.

1C:Perform is designed for multi-language use. The user interface is available in Russian, English, and Turkish. The distribution package includes two functionally identical configurations with Russian and English code.

1C:Perform functionality

Budgeting and consolidation of management reporting

1С:Perform ensures automation of financial planning, distribution of responsibility, import of actual data, plan-fact and factor analysis of the company's performance.

The system facilitates budgeting automation in a variety of accounting systems, as well as management of joint work with large amounts of data and performing complex calculations of the budget model.

It can be applied both in groups of companies and in a single business company. The organizational structure of financial responsibility centers may include legal entities or departments.

The application allows you to work with budget models of any complexity and budget indicators can be linked by simple formulas or calculated using complex algorithms.

The built-in budget model constructor is a tabular data structure editor. Calculation rules are set using formulas similarly to common spreadsheets.

In addition to the key dimensions (period, scenario, currency, financial responsibility center, and project), you can use 6 additional dimensions associated with the system catalogs as budget indicators. In terms of budget planning, the 1C:Perform user interface is similar to the spreadsheet interface, but it is optimized for budgeting by means of the following functions:

• Planning "from what has been achieved" by indexing or extrapolating the actual data of past period scenarios.
• Simplified allocation of totals by detailed dimensions (inverse allocation).
• Allocation by profile to plan budgets subject to seasonal fluctuations.
• Planning of currency items with automatic conversion to the primary currency at planned rates.

You can use the following effective patterns to input plans:

• Use of standards or drivers in the indicators calculation.
• What-If analysis.
• Fixed period planning (by year, quarter, and month with the required frequency) or rolling planning.
• Combination of bottom-up and top-down planning paradigms.

1C:Perform helps budget process participants streamline discussions and decision-making. The subsystem of approvals and notifications provides the following features:

• Authentication and commenting on budgets or individual indicators.
• Involving additional users who are not specified in the approval process route.
• Assignment of substitutes for participants in the approval process.
• E-mail distribution of approval tasks.
• Approval or rejection of the budget simply by responding to the notification letter without launching the program.

You can enter financial responsibility center budgets into a pivot table or import from MS Excel files, as well as automatically check for compliance with the format, completeness and absence of errors.

Using 1C:Perform, you can import actual or planned data immediately from external information systems. An important advantage of the system is that when you import data from accounting systems based on the 1C:Enterprise platform, primary documents are not transferred, which reduces the requirements for equipment and synchronization of master data. Drill-down is also available from the budget indicator to the document of the external accounting system.

Using 1C:Perform, you can process reports of hundreds of responsibility centers, which make up dozens of budgets (which, in turn, consist of tens of thousands of indicators), by means of a visual sequence of stages with possible batch processing and using other services that reduce the period of the budget campaign and the labor costs of budget process participants.

Business Analysis and Balanced Scorecard

1С:Perform includes a set of information support tools for the strategic management of the company in accordance with Balanced Scorecard concept:

• Distribution of responsibility for complex goals, individual KPIs and their leading indicators.
• Prioritization of key success factors by determining their weights.
• Planning activities and analysis of their efficiency.
• Personal scorecards and a strategic goal map for goal visualization and KPI decomposition.
• Service for notifications on the negative dynamics of leading indicators for preventive informing responsible managers.
• Using KPI as a component of the budget model.
• Tools for predicting KPI dynamics and their drill-down to documents of external information systems.

1C:Perform helps to combine strategic initiatives and tactical means of their implementation by joining functions for goal setting, determining key success factors, their decomposition into a KPI hierarchy, planning, preparing financial and operating budgets, as well as importing a fact and multidimensional analysis.

Accounting and preparation of separate and consolidated IFRS statements

In addition to useful tools for translating NAS financial information to the IFRS chart of accounts, the following accounting objects are automated:

• Sales and purchase of inventories and services
• Cash
• Fixed assets
• Intangible assets
• Assets for sale
• Biological assets
• Credits and borrowings
• Loans and deposits
• Promissory bills and other financial instruments at fair value
• Accounts receivable
• Issued and received lease
• Investments
• Non-liquid assets provisions
• Reserves for doubtful debts
• Accruals
• Period end-closing including calculation of cost and deferred taxes, and balance sheet closing

The following consolidation adjustments are automated:

• Calculation of ownership effective shares taking into account counter and indirect investments.
• Calculation of goodwill and non-controlling equity shares.
• Exclusion of investments against capital.
• Exclusion of intercompany settlements and unrealized profits.
• Currency translation reserve calculation.

The following Smart Close tools provide a drastic reduction in the closing period and the load on the financial service employees during the closing interval:

• The portal for reconciliation of intercompany transactions ensures reconciliation of companies in the “Each with each” mode, reducing the load on both the management company and affiliates.
• The accruals portal provides accounting for operations without supporting documents and their mapping with the actual documents of the next period.
• Tools for batch import and templating of the reporting process can increase the predictability of the preparation periods of consolidated financial statements.

General risk management

With this subsystem you can organize a unified risk management system in the company, including the following:

• Procedures for identification and preliminary risk assessment.
• Functions of planning control procedures to reduce possible damage and the likelihood of risk events.
• Planning responses to risk events.
• Accounting for risk events.
• Visual tools for interpreting risk metrics and risk events.

The subsystem has common analytical sections with the Balanced Scorecard subsystem, which allows the company to use a set of decision support tools taking into account the most likely risks and opportunities.

Master data management

The main task of master data management is to ensure the consistency of catalogs of external information systems by means of the following functions:

• Development of reference corporate classifiers.
• Mapping of catalog elements of external systems and reference elements of corporate classifiers.
• Managing changes to corporate classifiers using requests for changes in master data.
• Export of reference elements of corporate classifiers to consumer systems.