OREANDA-NEWS. June 04, 2007. While changing to a single operational company, the monitoring of DGC finances will be exercised by the establishment of a centralized Treasury Board, the aim of which is to monitor and optimize cash flow by controlling the planned indices of the approved cash flow of the companies, reported the press-centre of  JSC “IDGC of Center and North Caucasus”.

“Redistribution of financial resources between DGCs (before changing to SOC under debt contracts) will allow to optimize the credit portfolio, increase circulating funds of the Company, raise balance structure liquidity”, noted the leading economist of the Department of Finance of JSC IDGC of Center and North Caucasus Alexei Kuznetsov. “This strategic step will increase the possibility to collect and analyse the information for taking managing decisions, as well as widen the horizons for long-term investment and innovation planning”.

Automation of fiscal DGC budget execution will be done by a corporate information system of SAP R3 resource management, integrated to work with the Bank-Client system. This allows to consolidate the standard of accounting through a selected software product.

“At the present moment the control of DGC expenses is a formal accept or refusal of payment in DGC budget expenditures as it is impossible to treat calculation applications”, says the leading economist of the Department of Finance Ekaterina Khromova. “The interaction scheme suggested by us will allow to optimize the whole payment process, to draw up all kinds of financial reports, increase the financial transparency of DGCs”.

It is planned to realize the project at the end of February 2008.