IT specialists of one of the largest grain market operators in Ukraine, JV Nibulon LLC, together with the IT-Enterprise team, have completed the restart and digitalization of the quantitative and qualitative accounting of the elevator network, the grain trader’s press service reported on its Facebook page.
According to the report, the project to optimize quantitative and qualitative accounting included improvement of business processes for grain accounting, additional processes for logistics management and costing.
“The establishment of a new efficient version of the quantitative and qualitative accounting business process made it possible to automatically track the movement of grain, its key indicators, and the funds spent on processing and transportation from the moment it arrives at the elevator to the shipment to the end consumer. This allows us to calculate the exact cost price and, accordingly, the profitability. And most importantly, we understand what impact can be made at each stage to improve financial and service performance,” said Nibulon’s IT Director Mykola Riasko.
The ultimate goal of the project is to switch to a fully digital elevator model, the principle of which is based on managing and coordinating all processes with digital systems. This concept is gradually being scaled up to all 23 Nibulon elevator complexes.
“If we describe the results of the quantitative and qualitative accounting digitalization project in three theses, firstly, it is the simplification and automation of business processes, and the acceleration of their passage. Secondly, it is the accuracy of accounting, which ensures the clarity and relevance of the company’s financial position. Thirdly, it is more customer-oriented, as the process of providing services has become better and faster,” emphasized Ryasko.
Nibulon added that the digitalization project also contributed to the unification of accounting processes at all branches of the company and improved integration with equipment and third-party systems, which ensured effective management of business processes.
JV Nibulon LLC was established in 1991. Prior to the Russian military invasion, the grain trader had 27 transshipment terminals and crop reception complexes, capacity for simultaneous storage of 2.25 million tons of agricultural products, a fleet of 83 vessels (including 23 tugs), and owned the Mykolaiv Shipyard.
“Before the war, Nibulon cultivated 82 thousand hectares of land in 12 regions of Ukraine and exported agricultural products to more than 70 countries. In 2021, the grain trader exported the highest ever volume of 5.64 million tons of agricultural products, reaching record volumes of supplies to foreign markets in August – 0.7 million tons, in the fourth quarter – 1.88 million tons, and in the second half of the year – 3.71 million tons.
Nibulon’s losses due to Russia’s full-scale military invasion in 2022 exceeded $416 million.
Currently, the grain trader is operating at 32% of capacity, has created a special unit to clear agricultural land of mines, and was forced to move its headquarters from Mykolaiv to Kyiv.
