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12Sep

Electronic Signatures, Electronic VAT invoices & Source Documents

Following changes in the law you can now take the leap into the modern world of electronic (digital) document flow in Russia.  Now the Russian law and practices will allow: electronic signatures; electronic VAT invoices; electronic accounting sources documents; electronic contracting; electronic document flow between companies and with state organs (such as the tax authority). […]
  • Posted by Eugene Isaev
  • On September 12, 2012
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05Sep

The Recipe for Effective Leadership

“Leadership is a lot like love. Everyone thinks it is special, but hardly anyone agrees on a definition.” (Peltier, 2010) Are leaders born of bred? An endless chicken vs. the egg debate. Up-to-date research extensively holds the view that good leaders tend to possess a set of similar and essential qualities, but they can also […]
  • Posted by Helenika Hellevig
  • On September 5, 2012
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25Jul

A Corporate Culture of Self-Discipline

It is no surprise that the great companies of the world usually have the most effective corporate cultures. Less obvious, perhaps, is what makes their cultures so effective. We believe the defining feature of a company with a winning corporate culture is self-discipline. This self-discipline is evident in the personalities of the company leaders and […]
  • Posted by Jon Hellevig
  • On July 25, 2012
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23Jul

Risks with Collecting & Processing Personal Data in Russia

Many activities require the processing of information about individuals and legal entities: security (background checks), due diligence on people, database creation, promotion of goods and services (marketing), and others. The federal law “On Personal Data,” passed last year (hereinafter the “Personal Data Law”), introduced some amendments that concern these procedures. With this law in mind, […]
20Jul

Personal Data Protection in Ukraine

It has been more than a year now since the personal data protection law took effect in Ukraine. Another related law took effect on July 1, 2012 — that is the law providing for fines for failure to comply with the personal data protection law. The term “personal data” is understood to mean details of […]
  • Posted by Elena Mashkova
  • On July 20, 2012
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14Jul

What Corporate Culture Is and Why It Matters

At the end of the analysis a company is a collection of people working together. What their work results in depends on the way they work, on their working practices, or so to say, their culture of working together. Therefore, if you want to improve the work you have to improve the corporate culture. A […]
  • Posted by Jon Hellevig
  • On July 14, 2012
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07Jul

Awara Purchase Manager for Controllers

Do you really know where the money goes? This post is intended especially for telling what Awara Purchase Manager can do for the company controller and other compliance officers. It serves as a complement to our standard Awara Purchase Manager brochure. Awara Purchase Manager is an electronic invoice processing system that enables the control of […]
06Jul

Awara Purchase Manager

Automated Invoice Processing e-Invoicing + Invoice Automation Purchase-to-Pay solutions Procurement systems + e-Procurement PURCHASE INVOICES PROCESS AUTOMATION Automation of the work in processing orders and incoming invoices is a first priority task for obtaining important cost savings through efficiency, avoiding manual work and gaining exactness and visibility in financial administration. Workflow control. Imaging. Order matching. […]
26Jun

Accounting and Financial Administration in Russia

From the business administration point of view, the main challenge in doing business on the Russian market is finding enough time for strategic and operative management of the business as opposed to spending this time on administrative and reporting duties. Outsourcing of these duties enables management to focus on the key areas of the business. […]
  • Posted by Sergey Minyailo
  • On June 26, 2012
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25Jun

Finnish-Russian Business Forum

The first Finnish-Russian investment forum was held in Tver on June 14, 2012. Representatives of the Embassy of Finland in Russia, of the government of the Tver Region, of the Finnish business community and company executives and potential investors from Sweden, Germany, France, Japan and the United States attended this forum. Welcoming the participants to […]