Customer Spotlight

Gazprom is a leading gas company and operates the longest gas pipeline network in the world. The company is a major supplier of gas to the Russian Federation, the European Union and much of Eastern Europe.

Gazprom has implemented a customized PROGNOZ application to unify data on key financial and economic indicators, and allow access to this information across its enterprise. The management team also has improved control of the company, and is able to monitor and analyze the company’s activities, plans, budgets and investments, as well as assess the progress of key initiatives and the impact of their decisions. In addition, Gazprom can now model the performance of the company or the economy at-large by manipulating a variety of internal and external factors using PROGNOZ’s sophisticated forecasting capabilities.

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Oxford Economics was founded in 1981 as a commercial venture of Oxford University’s business college. Now independently-owned and with offices in the UK, US and Europe, Oxford Economics is a leading economic consulting firm providing business and public policy advice to international institutions, governments and top private companies.

Oxford Economics needed a technology application to power its Forecast Databank, a robust database that collects and analyzes data from 175 economies, including indicators of social and economic development. The firm chose PROGNOZ for the task, and PROGNOZ developed a customized version of the PROGNOZ 5 Platform for the job. The PROGNOZ solution gives Oxford Economics and its clients maximum control of the Databank’s sizeable data set, using interactive tables, graphs and maps to visualize data and sorting, filtering and calculating functionality to “slice-and-dice” information as needed. In addition, PROGNOZ’s OLAP features allow for analysis of output data and PROGNOZ’s unique forecasting capabilities allow Oxford Economics to easily build various regression models. The result is that Oxford Economics can deliver monthly forecast updates and sophisticated scenario analysis to clients, as well as project some macro indicators up to ten years into the future.

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The Central Bank of the Russian Federation (CBR), also known as the Bank of Russia, protects the stability of the ruble by dictating Russia’s monetary policy, and is the primary regulator of the Russian banking system.

Given its size–79 branches and 1200+ processing centers–gathering financial information from throughout CBR’s disparate organizational structure and calculating the appropriate taxes owed is a complex task. To address this problem, the bank tapped PROGNOZ to build a customized version of the PROGNOZ 5 Platform. This Business Intelligence solution automates the aggregation of fiscal accounting data from across CBR's branches and subdivisions and centralizes this information. In addition, the solution calculates taxes and generates tax returns based on the collected fiscal information and reports it back to branches and divisions. The result is a unified system for financial accounting, a decrease in transfers of erroneous data from subdivisions to the Central Office and a considerable reduction in expenses related to tax preparation.

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The Russian Federation’s Ministry of Economic Development & Trade is responsible for economic forecasting, market reform and the regulation of domestic and international trade. Its Territorial Development Department (TDD) monitors, analyzes and forecasts the economic development of the Russian Federation’s 85 regions in order to set the nation's economic policy and develop relevant regulations.

 A key problem facing the TDD was the disparate and unstructured nature of economic development information about Russia’s regions, and the lack of a unified methodology for predicting development in the regions. To address this situation, PROGNOZ built a secure central data warehouse to aggregate and store retrospective economic development data. This data was tied to a monitoring system that allowed officers in the TDD to gauge the current economic situation in the Russian Federation and its regions, and to an analytical system that processed economic and financial indicators and provided insight into economic trends. Dynamic graphics and interactive maps in both systems allowed TDD staff and directors to clearly visualize complex economic data and manipulate it as needed. In addition, PROGNOZ's modeling and forecasting capabilities allowed the TDD to calculate economic development based on different scenarios and targets. The results are increased efficiency in the department and more informed decisions from its policymakers.

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