GMCS presented a retail financial management automation case based on the Foresight budgeting & consolidation platform

On March 26, a business breakfast organized by GMCS (part of MT-Integration Group) took place at the Metropol Hotel in Moscow. The event, dedicated to the digitalization of corporate finance, was held with the support of Foresight and brought together more than 35 representatives of leading Russian companies across various industries.

Finance specialists from a major hypermarket chain — the GMCS client — shared their experience of integrating a financial management system based on the Foresight Budgeting & Consolidation platform. The following processes have been automated within a single integrated environment:

• loans and derivatives;
• deposits and collateral;
• cash flow budgeting (CFB);
• related financial operations.

The transition to the new platform enabled the client to achieve a number of measurable benefits:

1. Accurate planning of cash flows across all financial instruments;

2. Reduced human error in calculations;

3. Lower labor costs for transaction processing and reconciliation;

4. Transparent validation of calculations and faster reconciliation with bank data;

5. Stable calculations without Excel limitations;

6. End-to-end integration of financial instruments with each other and with accounting systems;

7. User-friendly reporting for all stakeholders — from treasury teams to top management.

"The Corporate Finance module is one of eight components of a comprehensive budgeting system for retail. It is a flexible module configurable by business users and includes more than 60 parameters for financial instrument calculations. Unlike industry-specific budgeting systems, it can be used as a standardized, near-out-of-the-box solution for large corporations," said Bela Temirkanova, Project Lead at GMCS.

Experts from Foresight, the developer of the platform, also took part in the event.

"Today, a number of large-scale financial management projects based on Foresight products have already been integrated or are underway. This is a positive signal for the market, demonstrating the maturity of Russian-developed software and enabling companies to make more confident decisions about transferring to domestic solutions in critical financial processes. Through events like this, we aim not only to share successful practices but also to create an open platform for dialogue between clients and experts — so that each participant can assess the real capabilities of Russian solutions through practical cases," commented Alexander Galkin, Vice President at GMCS.

"We would like to thank GMCS for the excellent organization of the event and for presenting a comprehensive case on financial management automation. For us, this is another successful project implemented using Foresight Budgeting & Consolidation. The product has proven highly effective in a large grocery retail chain — one of the most demanding segments in terms of scale and process complexity. This clearly demonstrates the versatility of our solution and its readiness to address industry-specific challenges. I would also like to highlight the GMCS team, which is not afraid to take on ambitious projects and consistently delivers them across industries," said Anton Tataurov, Commercial Director at Foresight.