First BIT Company presented the report on automation of UCS to top management

Nov 18, 2014

The representatives of First BIT Company and United Card Service (UCS) presented a report at the annual conference ‘Corporate Budgeting’, organized by CFO-Russia portal and the Club of Financial Directors.

The specialists of First BIT have shared with the audience their experience in management accounting and budgeting automation in a company with a lot of separate divisions in different parts of the country.

The theme of the presentation was ‘Building the financial management system of a company, occupying 30 % of payment cards market — The experience of United Card Service and First BIT Company’.

The audience was especially interested in rapid period closing for efficient preparation of IFRS and management reports, the discussion of which went on in lobbies.

United Card Service — forming part of Group of Companies ‘Global Payments’ — is one of the largest processing companies in Russia, the main business activities of which include emission and acquiring of payment cards of such international payment systems as VISA International, MasterCard Worldwide, JCB International, UnionPay. The Company has 35 regional representative offices, that are the organization’s separate divisions, not having separate balance accounts. UCS’s share on the Russian acquiring market, according to different estimations, is about 30 %.

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