What are Some Different Types of Budgeting Software?
The comprehensive budget is an overall forecast of various business activities and financial performance of the enterprise in a certain period of time. It includes operating budgets and financial budgets. Comprehensive budget software is software developed for comprehensive budget management to improve overall budget management efficiency.
Comprehensive budget software
- Chinese name
- Comprehensive budget software
- About
- Various business activities of the enterprise in a certain period
- Including
- Operating budget and financial budget
- Increase
- Comprehensive budget management efficiency
- The comprehensive budget is an overall forecast of various business activities and financial performance of the enterprise in a certain period of time. It includes operating budgets and financial budgets. Comprehensive budget software is software developed for comprehensive budget management to improve overall budget management efficiency.
- Comprehensive budget management is an integrated management system with the ability to comprehensively control. Tang Guliang said that the company budget is not only the rules of the game between the investor and the manager, but also the power and responsibility arrangements between the operator and its employees, that is, to achieve the goal of overall benefits, the rights and responsibilities of all units are clearly defined. Responsibility interval. The budget allows the power of the responsible units to be expressed in a tabular form, and this decentralization is to the minimum without losing control. Budget is a reasonable method adopted by power controllers. Negating the budget means negating the operator himself, and the authority of the operator cannot be discussed. Managers need to coordinate various business activities and management schemes so that all departments and links within the enterprise can coordinate planning and coordinate actions. They need to effectively gather various economic resources, including human, material, financial, and information, to form them. A powerful and orderly collection; so from the content analysis, the corporate budget is not only a responsibility index system composed of individual budgets such as sales, procurement, production, profit, cash flow, etc., but also the company's overall "combat plan." Each budget should be unified in the overall budget system, so it is called a "comprehensive budget." It is not just a matter for the financial department, but a comprehensive and comprehensive management of the enterprise, and it is a mechanism with comprehensive control and binding force.
- In recent years, comprehensive budget management software-information systems have been widely used in domestic large and medium-sized enterprises, such as Huawei, National Development and Investment Corporation, Shanghai Jinjiang International Hotel Group, such as Home Hotel Group, Alipay, Yutong Bus, Beijing Benz, Yanan Feng Biou, a large number of industry leaders such as Yiling Pharmaceutical, have successfully implemented comprehensive budget management software.
- 1. Case Study of Shanghai Jinjiang Hotel's Comprehensive Budget Management Software
- Most companies start budget management with traditional Excel manual budgeting. However, with the continuous expansion of the scale of enterprises, comprehensive budgets have increasingly become an important tool to enhance corporate management and control capabilities. Excel obviously cannot meet this demand.
- Nowadays, the implementation of the comprehensive budget management system has played a huge role in Jinjiang Hotelsupporting the resource allocation in the rapid expansion of Jinjiang Hotel s budget hotels, focusing the group's management and control direction on cost management and control; achieving group financial accounting reports The integrated application of the platform and the responsibility accounting reporting platform; the automatic integration of the budget management and accounting system is realized, and the implementation of the budget is tracked and analyzed in a timely manner; the rules and processes for budget preparation and analysis are standardized and consolidated, and compatible with the responsible entities in the budget The differences in management; the overall application of budget preparation, rolling forecasting, adjustment and execution of dynamic analysis; the use of IT technology to achieve controllable strategic expansion and reduce the risk of strategic execution.
- 2. Alipay's comprehensive budget management software practice case
- In 2013, Alipay's comprehensive budget management software was successfully launched.
- 1) Systematize, standardize and refine financial planning through business sorting.
- 2) The closed-loop management model of comprehensive budget forecasting preparation, execution control, analysis, improvement and enhancement will be consolidated, the Alipay budget process will be integrated, and a comprehensive budget system will be established.
- 3) Improve the difficulties encountered in the data compilation, personnel coordination, version control, and budget execution analysis of Alipay's manual budgeting process, support multi-level, multi-dimensional, large-scale budgeting, and improve the quality and efficiency of Alipay's budgeting .
- 4) Establish a metadata and data architecture that adapts to the company's business structure, and build a flexible and open budget system to meet the needs of rapid business development and change.
- 5) Establish a budget system that complies with Alibaba's information architecture plan, and implement metadata sharing and unified management of the budget system and information systems such as ERP and ABC.
- 6) Realize the integration of financial accounting data, business operation data and budget data related to FP & A, complete data sharing and transmission with business systems, so that financial analysts have a set of stable and high-quality data.
- 7) Provide various functions to build various analysis reports flexibly, and improve the quality and efficiency of the reports. Form a complete professional budget execution analysis system, improve the timeliness and accuracy of budget execution analysis, and provide a basis for Alipay's business management.
- 3. National Development and Investment Corporation Comprehensive Budget Management Software Practice Case
- As an investment holding group, the business scope of the National Development and Investment Corporation is complex and diverse, including the three major business types of industry, financial services, and state-owned asset operations, involving coal, electricity, ports, light machinery, fertilizers, funds, insurance and many other businesses. field.
- Based on the previous business design basis, the National Development and Investment Corporation has designed three types of budget templates: "general-purpose, sector-general, and sector-specific" in the budget management system, which are used to meet the budget management needs of the group headquarters, between sectors, and within the sector. . Budget management starts from the business budget and manages the content according to the professional line of the business department. It covers business budgets including investment, human resources, fixed asset management, capital budget, and IT special expenditures. The business budget forms the overall budget management content of financial budget indicators. .
- At the same time, the organizational structure system in the budget system covers the organizational levels from the group headquarters to the second-tier enterprise and the third-tier investment enterprise, reflecting the comprehensiveness, full-featured and business-driven nature of budget management. In addition, on the basis of the annual budget preparation, the National Development and Investment Corporation continued to optimize and improve the budget management system according to the in-depth management needs, and realized quarterly rolling forecasts, budget adjustments, integrated analysis of budget and actual data, budget control, and budget preparation data calibration. Examining functions and other contents, forming a closed-loop budget management process.
- 4. Changzhou Mingsai Robotics Technology Co., Ltd. Comprehensive Budget Management Consulting and Software Implementation Project
- Changzhou Mingsai Robot Technology Co., Ltd. (abbreviated as "MS Company") was established in April 2008. It is a high-tech manufacturing enterprise with independent intellectual property rights, specializing in the research and development and production of industrial robots and precision mechatronics equipment. The company is engaged in the research and development of key technologies of industrial robots and automation equipment covering motion control, mechanism design, machine vision, etc., and has a strong ability of independent innovation. The leadership of the MS company strives for excellence in management. During its years of growth, it has followed the pace of informatization and successively applied the financial ledger, ERP, PDM, and CAM systems. In order to meet the long-term development and management needs of the company, the MS leadership intends In-depth implementation of comprehensive budget management within the enterprise, to promote corporate management innovation, MS company implemented a comprehensive budget management system.
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