A system for operating, administration and budget reporting in ING

A system for operating, administration and budget reporting in ING

10. 10. 2009

The first version of the system Web CCS developed by DEFINITY Systems for the company ING Real Estate Investment Management was introduced into production.

ING Real Estate Investment Management (REIM) is an international company that deals with investments into real properties, with administration and development of real properties. ING REIM belongs among the most powerful real estate companies in the world and it is a part of ING Group.

In the frame of financial management and reporting there are prepared and analyzed budgets and forecasts for individual departments (cost centres). Divergences from budgets of individual departments from the reality are evaluated regularly and they are specified with the help of forecasts.

The company DEFINITY System developed and supplied for ING REIM a specialized system Web CCS that ensures in the frame of financial management administration of the data of budgets, forecasts and a real state on one place, its flow among responsible people, it enables an import of data from external financial system and their comparing with an actual financial budget and forecast.

The main contribution of the system is a reduction of time demands on the workers by two thirds. The other contributions are: a simple monitoring of every document, central management of the data and a wide spectrum of reports enabling management and monitoring of the whole process.

ING REIM plans to introduce Web CCS also to other regions of Central Europe (Hungary, Poland and Rumania).

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References

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