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Budget Management

Overview

Kingdee K/3 Budget Management module is designed for financial staff who need to manage the accounts budget. The module functions include overall budgeting, budget control, budget adjustment and performance analysis. It helps enterprises strengthen their planning, through pre-event, mid-event and post-event budget controls and performance analysis. The module can be seamlessly integrated with other modules like General Ledger, Report Writer, Business Budget, Expense Budget, Capital Budget, Capital Management, Consolidated Statement, BPM, etc., to provide complete and comprehensive financial management solutions.

 Business Workflow

 

Functions

 Group Enterprise Budget Management

The Budget Management module has comprehensive functionality to cater to budgeting needs of group enterprises. It supports from the top-down and bottom-up modes of budget management within a hierarchical organization. In terms of deployment, it supports not only direct data interaction between group and member company accounts, but also with external files. In either mode, budget data can be stored by a group in a centralized manner. It supports setting up budget management systems, group regulations and public master data, and distribution of unified group management data. Through the use of templates for data distribution, it is easier for enterprises to setup internal budget systems, budget management regulations and workflows for the group and its member companies.

 Budgeting

The module provides various flexible and detailed budgeting methods, including Overall Budget, Single Budget and Responsibility budget. In addition, it can maintain rolling and flexible budgets.
It uses user-definable table-based budgeting, that allows users to self-define the budget flow and format. This gives enterprises a better picture of the complexity and granularity of the budget.
There are budget navigation functions that allow users to maintain the budget following a pre-defined category sequence, which saves time and increases efficiency of budget maintenance.
There are real-time reminders for budget tasks that are transmitted to relevant users based on their role in the enterprise.
There are 11 budget forecast simulation tools that allow users to setup several comparative models, to compare between actual and budget data within a given historical period. This helps enterprises scientifically forecast future operation data, thereby enabling them to prepare more realistic and accurate budgets.
 

 

Budget Adjustment

The module has strong budget tracing functions that allow users to adjust budgets easily and in real-time to reflect changes in the market and business environment.

 Budget Implementation Management and Supervision

There are two budget control modes, each with different levels of complexity:

·         Document Budget Control

·         Account Budget Control

Both of these modes maintain three control levels; Strict Control, Excess Prompt and No Limit. These budget controls can be maintained on a monthly, quarterly, annually basis, providing enterprises with greater granularity and flexibility in maintaining their budgets.

 Multi-Dimensional Budget Query and Budget Implementation Analysis

With multiple preset reports that help users make real-time budget data queries, and with the capability to conduct deviation analysis for budget implementation progress, it is easier for the the budgeting department’s to analyze multi-dimensional and granular budgets.

There are also easy-to-use functions to create self-defined deviation analysis reports to cater to the needs of different departments, and the module supports user-defined flexible reminder rules setup.

 

Budget Check

The module has a budget check function that enables checking and comparison of the budget data in this module, against data in the Business Budget, Expense Budget and Capital Budget modules. This allows for more comprehensive short-term and long-term budget planning of the entire organization.