Lusoponte makes digital crossing with PRIMAVERA technology

[shukla7789]

Founded in 1994 and with a concession license for two crossings over the Tagus until 2030, Lusoponte is going through a phase of great digital evolution with the support of technology developed by the technology company PRIMAVERA.

With the implementation of PRIMAVERA's ERP (Enterprise Resource Planning) completed, the concessionaire of the 25 de Abril and Vasco da Gama Bridges in Lisbon is experiencing a phase of significant productivity growth driven by the use of an integrated management system, which allows the entire logistics, accounting, financial and management component of approximately 130 employees to be managed in an agile and fully integrated manner. The automatic integration of information from other systems and the automation that allows real-time management analyses to be obtained precisely according to the needs of the Board of Directors mean that the organization is now more agile and efficient.

High performance in the integration of gigantic volumes of information
The daily traffic of around 170,000 vehicles on both crossings generates a italy whatsapp number database of data that is difficult to manage without the support of robust technology that supports the circulation of a high volume of data and ensures solidity and speed in its integration. This being one of the great features of the PRIMAVERA Executive ERP, this implementation put the system's performance capacity to the test, and the test was passed with distinction, according to Lusoponte's financial director.

António Oliveira highlights " our management is complex, involving many payment methods, many shifts and a very high volume of information. With ERP PRIMAVERA we were able to automatically integrate toll data into the accounting and access the information immediately. The flexibility of the system allowed us to fully adapt to Lusoponte's management needs ."

Solidity and agility in financial reporting
In the accounting and financial management team, there was a pre- and post-implementation era of PRIMAVERA solutions, particularly with regard to management reporting. With the PRIMAVERA Office Extensions reporting solution, it became possible to extract management maps and analyses designed exactly to meet reporting needs and with up-to-the-minute information.

António Oliveira highlights, in this regard, " Information reaches us in a faster and more structured way, making it easier to analyze data, monitor business developments and report .”

Security in tax reporting
In a year of great volatility in terms of legislation, caused by the uncertainties generated by COVID-19, the dynamics of tax changes were not a problem for Lusoponte. The chosen management system guarantees continuous and timely monitoring of tax developments, with complete security, highlights Rui Rito, deputy financial director and treasury manager. "It is a very useful management tool because I can easily check what has been paid, what is yet to be paid, the movements, the statements, in short, it is an added value for treasury management" , highlights the manager.

Speed ​​and accuracy of information
In an entity where reporting is demanding, the outputs that the system provides must be up to par. José Afonso, controller at Lusoponte, explains that this technology has helped and explains why " our reporting is very specific and PRIMAVERA solutions have helped a lot, we have greatly reduced the time spent on information management, everything has become faster, more direct ".

Improvements were also felt in the area of ​​accounting management. Patrícia Miguel, head of accounting, highlights "we have significantly reduced the time spent on processing information, in terms of closing accounts, model 22, and simplified business information”.

The person in charge also highlights the great usefulness of the SVAT diagnostic and audit tool , which is certified by the Tax Authority (AT) and guarantees accuracy in the export of the SAF-T accounting file generated by the PRIMAVERA ERP, ensuring that the organization complies with all recommendations from the competent authorities in terms of the structure and content of this file.

This diagnosis is performed automatically by the application and the results are made available through PRIMAVERA's virtual assistant, ECHO. This assistant validates the Chart of Accounts, Taxonomies, unbalanced financial movements, the nature of the balances and the document numerators so that the SAF-T content is accurate. Automation that helps to increase productivity and generate absolute confidence in the tax reporting information.

The continuous updating of PRIMAVERA solutions was also a decisive factor in the success of this project. Take advantage of the continuous updating of PRIMAVERA solutions! Focus on your business, we guarantee peace of mind in complying with all legal and tax obligations.

Want to know more? We will be happy to help your business achieve maximum management efficiency in the digital age .