Over a number of years the Group has been successfully upholding its high financial stability according to Expert RA agency. To secure the insurance portfolio PPF Insurance is collaborating with the SCOR Group, a major global reinsurer with a high credit rating of A+ assigned by Standard & Poor’s and Fitch.

In March 2011, the project on SAP ERP localization was launched. The basis of this work has been adaptation of financial business processes of the company considering Russian specifics and legislation.The functional scope of the project included:

  • Support in selection of the optimal and required set of componentsofRussianlocalization.
  • Presentation of financial and accounting statements.
  • Revised functionals: bank operations, general ledger, accounts correspondence, account payments to contractors, print and output forms, registration of agreements.
  • Integration with external payments.
  • Training and support of users.
  • Development of user instructions.
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