Unitary Enterprise A1 is the first mobile operator of the GSM standard in Belarus, telecom, ICT and content service provider. Since November 2007, the company has been a part of A1 Telekom Austria Group, the major wireless service provider in Europe. At present, the company provides integrated mobile communication services, roaming, IPTV digital television, fiber-optic and wireless network access, including WI-FI and 4G networks. In the course of activity the company uses only cutting-edge equipment of the leading world manufacturers, combined with advanced technological solutions and continuous communication quality control. In 2012, British World Finance Magazine named A1 the most innovative mobile operator in Eastern Europe. In 2014, the company was recognized as “The Best Entrepreneur of the Year in Minsk”, “The Best Foreign-owned Organization”, and “The Socially Responsible Brand” - in 2015.
A1 (Unitary Enterprise A1) is a telecommunications, ICT and content services provider in Belarus. The company began its commercial activities on April 16, 1999, becoming the first mobile operator of the GSM standard in the country. Since November 2007, the company is part of A1 Telekom Austria Group, the European subsidiary of the multinational holding América Móvil, one of the world's largest wireless service providers. Until August 2019, the company conducted operations under the brand name velcom.
FIN.by developed for A1 a number of Excel-based software products for the Fast close preparation of IFRS statements on a monthly basis, including:
- Transformation model and deferred tax calculation;
- Automation of the reporting package filling;
- Various IFRS adjustments and disclosures to financial statements;
- Preparation and implementation of IFRS 16 Leases;
- and other calculations.
At the moment a lot of calculations are automated in SAP, however, a number of working calculations are still performed in Excel. Excel-based automation shortened monthly close to just a few days. IFRS statements, including those prepared with FIN.by Excel-based software products, have repeatedly passed audits by “Ernst & Young”.
Advisor to Financial Director A1