Rodriguez Alyssa

[srmojumder966]

The Belarusian company Emse Group produces women's clothing and sells it in its own retail store and through the Wildberries and Lamoda marketplaces. The company also brings other Belarusian manufacturers to the marketplaces and sells goods from China and Belarus there. In fact, Emse Group is three large areas: its own production and sales, services and product business. The company has several legal entities in Russia and two in Belarus.

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The company employs approximately 50 people.
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Annual turnover is 2 million dollars.
There was Excel, but there was no management accounting.
The head and owner of Emse Group, Maksim Semenyuk, told how difficult it is to evaluate the results of a company’s work, which has several areas and legal entities, but management accounting is not established:

“We have about 2 thousand transactions per month across all legal entities and cash desks. Three major areas of activity. It is difficult to evaluate the results of work without some kind of assistant or specialized service, it is impossible to evaluate the picture as a whole. I have always known about the need for competent management accounting, and this was my huge headache. I knew that you can’t run a business and not understand how much you earn. You could say that this was my biggest problem in business.

For two years, we tried to keep website development service records in Excel. There were templates that generated VAT, OPU and balance. But this tool has many disadvantages: no double entry, the cost of error is too high, it is difficult to detect errors, and data entry is labor-intensive. We automated everything we could: a statement was generated for account 51 and a statement in the form of a register form. Accountants entered the FSC and VAT article, everything was transferred to Excel.
Then I summarized and checked everything, although a significant part of the work had already been done. But it was difficult, since there were no processing rules.



By and large, we still haven't set up accounting in Excel for 2 years. The only thing that was more or less formed in it was only the cash flow statement. We still haven't brought the operational accounting record up to scratch, and the balance sheet even less so. So our main difficulty was that despite the appearance of management accounting, in reality it didn't exist.

And as a result, we didn't see the results of our work in terms of profit and profitability."
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"I found PlanFact on a wonderful Sunday morning, without exaggeration. I was drinking coffee, reading something on VC.ru, looking for OPU. And I came across an article that talked about another management accounting service. I googled reviews and found a comparison of this service and PlanFact. The comparison was clearly in favor of PlanFact (first place in the rating and a large number of user reviews), I tried it and realized that I had found what I had been looking for for a long time.

Everything was great! From the first days of use, it became clear that the service was created by people who understand what the owner needs, know his "pains", and have themselves gone through the need to organize finances in their company "
Everything is under control
Maksym Semenyuk knows exactly why he needs a management accounting service.

"I was not initially going to monetize PlanFact, I did not try to save money or find lost profits with it. PlanFact does not bring me profit, it allows me to control it! Now I can see how my business works, what its profitability is, where its weak points are. All reporting is generated almost automatically. I can track revenue, profitability at any time, all indicators are predictable and planned.

PlanFact helped us be bolder when opening a new line of business - this year we began selling not only our products on marketplaces, but also goods from China and Belarus. Of course, we would have opened it anyway. But with PlanFact, it does not cause any worries and develops under our close control.

Now I am doing the accounting myself, but in the near future I plan to make instructions and assign this to an accountant. My immediate task is to "refine" the use of PlanFact in our company to the most systematic approach, and then everything will be absolutely perfect.
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