FBK Grant Thornton to Create Unified Accounting System for Lenenergo

FBK Grant Thornton and Axioma-Soft Consulting have won an open tender to create and implement a unified accounting and financial system for Rosseti Lenenergo.

Elena Tyutyunnikova, a Partner and the Director of Accounting Advisory Services at FBK Grant Thornton, says that together with Axioma-Soft Consulting they will automate financial and business operations of Rosseti Lenenergo by 2022. The assignment provides for the automation of financial, tax and management accounting, and IFRS reporting.

Rosseti Lenenergo is one of the largest electricity distribution companies in Russia. Its main functions are the provision of electricity over 110-0.4-kV networks and access for consumers to the electricity network in St. Petersburg and the Leningrad Region.