OREANDA-NEWS. July 24, 2014. A project of Energy Consulting focused on the implementation of electronic digital signatures for a large Russian oil-and-gas company was shortlisted as IT Vendor of the Year in the IAB Awards international competition.

Energy Consulting participates in the competition arranged by a famous accounting journal “International Accounting Bulletin (IAB)” as an HLB International & HLB Russian Group Member. In total, three companies have reached the final round in the nomination “IT Vendor of the Year”.

The project-finalist of the competition was deployed by Energy Consulting in 2013 and was aimed at the implementation of the digital signature technology in a SAP-based electronic payment request authentication system. As a result the Company has completely refused to maintain paper workflow with respect to payment request validation, and the deadline for validation was reduced by three days that means the reduction from 15% to 50% in total validation timeframes for different types of payments.

All merits of the project presented by Energy Consulting will be assessed by the honorary award panel which will select the winners in each nomination. The honorary award panel will consist of representatives of such distinguished international professional communities as ACCA (Association of Chartered Certified Accountants), CIPFA (Chartered Institute of Public Finance and Accountancy), and representatives of IAB (International Accounting Bulletin) as the arranging party.

The awarding ceremony is scheduled for September 16, 2014 within the framework of the International Accounting Bulletin Forum held in London.