At present, the budget management of many large enterprises is still at a relatively low level. The answer to how to improve quickly is two-handed: one is to quickly improve budget organization, processes and models by benchmarking against world-class ones; the other is to use "digital intelligence" tools. Only by combining the two, can the rapid improvement of the budget management level be realized.
Middle and high-level: Raise the awareness of the company's top management and business departments to actively participate in budget management.
In order to enhance the awareness of the company's senior management and business departments to actively participate in budget management, the following aspects can be started:
Strengthen publicity and training: through internal publicity, training, etc., let the company's senior management and business departments understand the significance and role of comprehensive budget management, and increase their emphasis on budget management.
Establish an assessment and incentive mechanism: take budget management performance as an important indicator for individual performance assessment of the company's senior management and business departments, and establish a corresponding incentive mechanism to encourage them to actively participate in budget management.
Strengthen communication and coordination: establish an effective communication mechanism and coordination mechanism, so that the company's senior management and business departments can keep abreast of the progress and problems of budget management, and actively participate in various tasks of budget management.
Centralized management: establish a budgetary centralized organization, and specialize in professional departments.
The budget centralized organization refers to the classification and management of budgets according to different business fields or functions, and the corresponding professional departments are responsible for preparation, review and monitoring. Establishing a budget centralized organization can effectively improve the professionalism and efficiency of budget management.
Specifically, the responsibilities of the budget focal organization include:
Formulate a centralized management strategy: According to the company's strategic goals and development plans, formulate a centralized management strategy to clarify the focus and direction of centralized management.
Formulate a centralized management system: formulate centralized management systems and methods, guide various departments to prepare and review budgets, and ensure the scientificity and rationality of budget preparation.
Review and monitor budgets: Review and monitor budgets within the scope of centralized management to ensure that budget execution complies with the company's strategies and plans, and to discover and resolve problems in budget execution in a timely manner.
Provide professional support: provide other departments with professional support and guidance in centralized management to improve the professionalism and efficiency of budget management.
Responsibility organization: Establish a budget execution organization with clear responsibilities to improve the initiative of resource allocation.
Responsibility organization refers to an organizational structure that clearly divides budget execution responsibilities. Establishing a budget execution organization with clear responsibilities can improve the initiative and efficiency of resource allocation.
Clarify the division of responsibilities: clarify the responsibilities and responsibilities of each department in budget management, establish a clear responsibility division mechanism, and ensure that each department can earnestly perform its budget execution duties.
Formulate resource allocation standards: According to the company's strategy and plan, formulate clear resource allocation standards, guide each department in budgeting and resource allocation, and ensure the rational allocation and efficient use of resources.
Review and monitor budgets: Review and monitor budgets submitted by various departments to ensure that budget execution is in line with the company's strategies and plans, and to discover and resolve problems in budget execution in a timely manner.
Provide support and guidance: provide support and guidance for other departments in budget execution, and improve the initiative and efficiency of various departments in budget management.
Improving the efficiency of budget management needs to start from many aspects, including raising the awareness of the company's senior management and business departments to actively participate in budget management, establishing a budget centralized organization and responsibility organization, clarifying the responsibilities and responsibilities of each department in budget management, and formulating a clear resource allocation. standard etc. Through the implementation of these measures, the resource allocation efficiency and management level of the enterprise can be effectively improved, and the enterprise value can be maximized.