SOCAR Midstream and FChain to start cooperation in Georgia

SOCAR Midstream Operations, an affiliate company of SOCAR responsible for shareholder governance of major pipelines including the South Caucasus Pipeline (SCP), Baku-Tbilisi-Ceyhan (BTC), Trans Anatolian Natural Gas Pipeline (TANAP), and Trans Adriatic Pipeline (TAP), needed comprehensive payroll services and accounting support for its operations in Georgia.

On August 1, 2021, FChain Financial Corporation and SOCAR Midstream signed a contract on Payroll services including: rendering full services in accountancy and technical issues relating to payroll automation; preparing paperwork ready to pass any unscheduled inspections of authorities; attracting more qualified employees; calculation of decade, monthly, quarter and annual accounting periods; preparing transparent and accurate accruals, deductions and incentives; conducting detailed analysis of the current payroll documentation and developing a strategy for realization of a new automated system of payroll; preparing correct payroll calculation and reports for salary and other related services.

FCHAIN successfully implemented comprehensive payroll services for SOCAR Midstream, demonstrating the professional capability of the FChain team to handle complex payroll operations for a major energy company. The partnership was established with confidence in FChain's ability to provide high-quality services and support long-term cooperation in Georgia.