Ernst & Young have given a positive report on URALCHEM’s Joint Service Centre


Moscow 23 August, 2013. The Russian division of British auditing company Ernst & Young has conducted an audit of URALCHEM’s new branch, the Joint Service Centre (JSC).

The JSC was established in Perm in early 2013 to unify and optimize the accounting business processes of URALCHEM’s different units within a single multifunction centre. The centre is responsible for data processing and preparation of financial statements according to Russian and international standards, tax accounting, treasury operations. It also has been given the task of setting up and maintaining a unified information and telephone systems for the company.

On 1 February, 2013, the Centre started providing services for the company’s branch in Perm. On 1 May 2013 services were started for URALCHEM’s Berezniki branch. These were audited by Ernst & Young specialists. The auditors examined the mechanisms of remote operations, the quality of the whole suite of services identification of duplication of functions as well as the efficiency of the centre staff and the cost of its operations. After audit, the results of the second quarter of 2013 showed that the JSC met all performance targets and all the tasks are performed at a good level.

The plans for the next two years include a trebling of the centre’s staff, from one hundred to three hundred people. From 1 October this year the centre will start providing services for "Power supply utility of Kirovo-Chepetsk Chemical Plant" and for "Repair and Engineering Works of Kirovo-Chepetsk Chemical Plant". Form the beginning of 2014 the centre will roll out services for the plant in Kirovo-Chepetsk.