BearingPoint announces its involvement in the SAP ERP-Based Business Standard Creation Project for Severstal


    Moscow, Russia, 25 June 2010 – BearingPoint, an independent management and technology consulting firm, announced today its involvement as one of the key project partners in the SAP ERP-Based Business Standard Creation Project for Severstal.

    The project objectives are to re-engineer business processes based on best industry practice, standardise processes, implement best practice in operational models and automate the optimised processes based on the latest technology. The Business Standard project will speed up the financial reporting closure process and reduce costs through centralising and automating several key business processes. An integrated system will allow Severstal to achieve a good balance between optimising costs and the need to make long term investments in technology and innovations based on best practice. The project will cover seven segments of Severstal business and over 20 locations.


    Within the Severstal Business Standard project BearingPoint is responsible for implementing the following business processes:

    • Production management and Plant Maintenance and Repairs in the Mining Division
    • SAP CRM-based customer relationship management for Severstal sales subsidiaries included in the project scope
    • In the Finance functional area BearingPoint is responsible for Treasury Management, Investment Project and Programme Management and Fixed Assets Management
    • Building the consolidation and analytical reporting system for all organisational units included in the project scope
    • Developing Master Data management strategy and procedures


    BearingPoint is also responsible for organisational change management for the whole project including communication and new system user training coordination
    “The ERP implementation project will allow Severstal to review and increase the efficiency of its key business processes, from production, purchasing and sales to administration and corporate governance. This project will help us to bring together key business processes at Severstal, speed up the closure of the financial reporting process, reduce costs and significantly increase operational efficiency”, said Alexey Mordashov, Severstal CEO.

    “The project goal is to make the cultural transformation by re-engineering key business processes based on company’s values,” noted Yury Shekhovtsov, project director from Severstal side, “The SAP ERP-Based Business Standard Creation Project is one of the key projects currently undertaken by Severstal.”
    “The Business Standard project will enable Severstal to reorganise its key business processes and will significantly improve company’s operational performance, reduce costs and centralise management. We are very pleased to work with the industry leader hope that our project experience and BearingPoint consultants’ industry knowledge will be useful to Severstal,” noted Andrei Kriukov, project director from BearingPoint side.

    “The Mining and Metals industry is a priority industry for BearingPoint business in Russia. This has been recognized by SAP awarding us with Preferred Partner status for Metals and Mining,” stated Natalia Krasnoperova, BearingPoint Russian practice leader.

    About Severstal

    Severstal is an international vertically integrated steel and mining company with a listing on the Russian Trading System (RTS), on Moscow Interbank Currency Exchange (MICEX) and on the London Stock Exchange (LSE). It operates high-quality assets in North America and Europe. In 2009 Severstal produced 16.7m tonnes of steel, posting revenues of USD 13.05 bn. The company’s 2009 EBITDA was USD 844m.


    About BearingPoint

    BearingPoint is an independent management and technology consulting company serving clients in commercial, financial and public sectors. Having extensive industry experience, deep professional expertise and insight into the Russian market, we help our clients determine the right track from strategy to execution by delivering on time and within budget, ensuring a comprehensive project approach. Our mission is to create innovative and practical solutions that help our clients get sustainable results. Among our strategic partners are leading technology providers such as SAP, Oracle, IBM, Microsoft, Hewlett-Packard. Our Alliance Partners enhance BearingPoint's ability to solve client challenges by helping us to deliver.
    BearingPoint is known for high quality of services and enjoys reputation of a reliable consultant. The company has established long-term partnerships with largest companies and organizations. BearingPoint operates in 14 countries of the world: Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Netherlands, Norway, Romania, Russia, Sweden, Switzerland and United Kingdom.



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