The traditional comprehensive budget system based on the budget system mainly adopts the method of manual filling, which brings a kind of budget preparation"The numbers game"feelings, especially between reporting departments and business units. This approach focuses on controlling the business activities and costs of the responsible organization, but fails to truly empower the responsible organization to operate and manage.
In large enterprises, due to the lack of basis and support for goal setting, budget data often needs to be repeatedly demonstrated through historical experience and subjective judgment to form multiple versions of budget data. This has led to a long game time, and it is difficult to match the annual budget target and the compilation data. Therefore, it is difficult for the traditional comprehensive budget to play the role of unified goal traction and performance incentives.
Traditional comprehensive budgeting focuses more on the annual budget and resource allocation, with the first draft being prepared in October and finalized around January of the following year. Due to the impact of long cycles and uncertainties, annual budgets sometimes do not guide actual business activities. Although the construction of the budget system has improved efficiency, it still takes time to coordinate the horizontal coordination of various departments within a large enterprise group and the vertical data integration of the entire organization. The breakpoint between the budget system and the business system leads to insufficient data connection, and the source data mainly relies on manual preparation, which increases the time-consuming and difficult budget preparation.
Due to the authoritative and rigid requirements of budgeting, the budget process and authority have become an important part of budget management in large enterprise groups. Internal departmental audits, internal approvals, and the withdrawal and rejection processes in the approval process make the budget process lengthy and difficult to support the short-cycle and rapid rollover of the full budget.
In actual operation and management, especially in enterprises with production and marketing linkage, the traditional comprehensive budget pays more attention to the allocation of annual resources, but cannot quickly respond to market changes. The sales budget needs to be linked with the budget for production, procurement, and variable expenses to guide the company's business activities. For this kind of single-topic business scenario, enterprises have put forward new requirements for the ability to budget quickly.
Total budget management is one of the few management tools that can cover all business activities and integrate the key issues of the enterprise into a single system. Although it plays an important role in improving the overall performance and management of the enterprise, the problems of traditional budgeting have led to the rigid status quo of the annual overall budget. Management needs to choose between budget control objectives and operational efficiency, and there is a large deviation between the actual operating conditions and the annual budget target, which makes budget management ineffective.
In order to solve these problems, some enterprises are adopting new solutions, including the UFIDA BIP Total Budget Solution with the following characteristics.
1.Manual reporting and digital transformation
In the traditional budget system, most of the budget data is filled in manually, which leads to cumbersome manual operations and long game time. Through digital transformation, Yonyou BIP's comprehensive budget solution realizes the automatic collection and processing of data, reduces manual intervention, and improves the efficiency of budgeting. Not only does this save time, but it also reduces the error rate and makes budgeting more accurate and reliable.
2.Horizontal collaboration and vertical data penetration:
In the traditional budget system, due to the breakpoint between the budget system and the business system, it is difficult to achieve horizontal collaboration and vertical data integration of the entire organization. Through the optimization of system integration and data connection, Yonyou BIP comprehensive budget solution realizes the collaboration between various departments and the integration of overall data, making budget management more integrated and supporting the short-term and rapid rolling of the comprehensive budget.
3.Fast** Budgeting Ability:
In the production and marketing linkage of enterprises, sales need to quickly respond to market changes, and the budget is required to have the ability to quickly budget. Yonyou BIP's comprehensive budget solution focuses on rapid response to sales planning, production planning, and procurement planning in a short period of time to better guide the company's business activities. This capability enables companies to respond flexibly to market changes and improve operational efficiency.
4.Process Streamlining and Permission Optimization:
Based on the authoritative and rigid requirements of the budget, the budget process and authority are particularly important in large enterprise groups. Through process simplification and authority optimization, yonyou BIP Total Budget Solution reduces the lengthiness of the approval process, improves the efficiency of the budget process, and makes the management of the overall budget more flexible.
5.Business Scenario Customization:
Yonyou BIP's comprehensive budget solution focuses on the customized needs of business scenarios. In a single-theme business scenario, such as a production and marketing linkage enterprise, the system can be customized according to specific needs, making the budget more in line with actual business needs and improving the practicability and accuracy of the budget.
Overall, Yonyou BIP provides enterprises with a more flexible, efficient, and accurate comprehensive budget management tool through digital transformation, data integration, and rapid response. This solution is expected to help companies achieve a better balance between budget management goals and operational efficiency, and achieve effective implementation of comprehensive budgets.