SAP (C.I.S.) and REDLAB announce solution for financial administration, providing efficient modifications' support of budget legislation

Moscow, Russia, 6 December 2005 – SAP and REDLAB announce new solution for financial administration, corresponding to the standards of new budget legislation, introduced in the orders of Russian Department of Finances. REDLAB, which is introducing SAP's solutions in universities, implemented new functionality in the product "University" intended for Russian universities. This functionality have successfully passed the tests in this year - universities, which are using this solution (including Moscow State University), have turned over their financial reports.

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