IBM Opens Finance Processing Center In Russia

Posted: February 4, 2015 in Econ 101, Free Trade, Sanctions on Russia Meaningless, Technology and Energy

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The IBM corporation set up a finance process outsourcing center in Kazan, Russia, on Wednesday. The center, being the country’s first one, will render business accounting services to companies under Russian legislation.

The center uses IBM programming solutions and is focused on industry, according to Richard Newland, head of IBM European Service Centers.

At present, 70 employees are working in Kazan, as further plans include increasing the staff number to 450 employees, as reported by Newland. “We render finance management services, we provide service on purchasing and logistic chain organizing,” he added.

The IBM service center in Russia will cover the entire country, Yulia Tarasova, head of IBM service center in Kazan, said to TASS. “We are principally aimed at transnational companies planning to work in Russia, but we will also render services to Russian enterprises,” she added.

Several major international food and commodities producers are already customers of the Kazan center, according to Tarasova.

IBM, an American company based in Armonk, New York, tracing its history back to 1911, is one of World’s biggest producers and suppliers of hardware and software as well as IT-service and consulting services. IBM already has a customer support and an IT-products sales center in Kazan.

First published by TASS.



IBM opens finance process outsourcing centre in Tatarstan


On February 4, Tatarstan President Rustam Minnikhanov took part in the opening of the IBM service centre on the ground of engineering centre  of  OAO “ICL-KME CS”(Kazan Manufacturing Enterprise of Computer Systems) in Laishevo District of Tatarstan Republic.
Deputy Prime Minister of Tatarstan Republic- Tatarstan Minister of Information and Communications Roman Shaikhutdinov, Deputy Prime Minister of the Republic of Tatarstan – Minister of Education and Science Engel Fattakhov, head of IBM service center in Kazan Yulia Tarasova, head of IBM European Service Centers Richard Newland and other officials took part in the event.
“Being the country’s first centre in finance outsourcing, the IBM service centre in Tatarstan will cover the entire country. The centre’s staff will coordinate such customers’ business processes as registration, applications, payments and purchasing management, using Purchase-to-Pay and Order-to-Cash systems. IBM is focused on global customers, major international companies to operate worldwide and have representational offices in Russia. Our distinguishing features are Russian accounting and the Russian language, that is why we are ready to cooperate with Russian companies”, head of IBM service center in Kazan Yulia Tarasova said.
Within the framework of the event, Minnikhanov saw an exposition prepared by ICL KME CS. Director General of “ICL-KME CS” Viktor Dyachkov informed about growth dynamics, development prospects for 2015, sales pattern and new software development. To the point, representatives of OAO “Tatenergosbyt” and Kazan State Power Engineering University told about joint developments with “ICL-KME CS” in the field of energy.
In addition, Rustam Minnikhanov was told that IX All-Russia IT & Security Forum will be held by “ICL-KME CS” on May 28-29, 2015.
“Currently, 70 employees are working in Kazan, the staff number will be increased to 450 employees by the end of the year. As our company invests in staff, personal development and training, cooperation with Kazan Federal University is essential, and  the IBM centre is a wonderful platform to improve students’ knowledge”, head of IBM European Service Centers Richard Newland added.
Summing up, Tatarstan President set a task to organize a working group on examining the possibility of using outsourcing in the public sector.

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