Intcube EPM 
Intcube Data Governance 
Resource Center 
Service & Support 
Technical Consulting 
Over 300 Corporate Clients are utilizing Intcube EPM
In the context of global manufacturing competition and industrial transformation, China's manufacturing sector is undergoing significant transition pressures. As a country with the world’s most complete manufacturing system, it faces both the mission of industrial upgrading and challenges from traditional models and emerging demands. However, issues such as inadequate dynamic alignment between production plans and market needs, low efficiency in supply chain coordination, and poor translation of strategic goals into daily operations hinder high-quality development.
Enterprise Performance Management Systems have evolved from financial control tools into core engines driving full value-chain optimization. By building budget management systems deeply integrated with manufacturing scenarios, companies can break down departmental barriers and achieve dynamic resource allocation across R&D, production, and sales. Digital budget closed-loop systems incorporate real-time external factors like market fluctuations and cost changes, significantly improving resource accuracy and agility. When budget management aligns closely with strategic goals and operational scenarios, manufacturing firms can effectively transform limited resources into long-term competitive advantages.
▌ Company Profile
Nanjing Kangni Mechanical&Electrical Co., Ltd.(KANGNI) is an innovative enterprise focused on R&D and application of core mechanical and electrical technologies. Established in October 2000 and listed on the Shanghai Stock Exchange in August 2014, KANGNI specializes in rail transit door systems, automotive parts, new energy, and smart equipment. It holds over 50% of the domestic market share and serves international rail vehicle suppliers. The company also develops and manufactures new energy vehicle charging connection systems and partners with renowned global automakers. Adhering to a strategy of “strengthening core business and diversifying operations,” KANGNI has over 30 subsidiaries and operates under a group management structure.
▌ Project Background
In terms of digital infrastructure, KANGNI has always been at the forefront of the industry. The company initiated its intelligent transformation and digitalization strategy many years ago, committed to enhancing operational efficiency and market competitiveness through digital technologies. After years of effort, KANGNI has successfully established an integrated application system encompassing business and financial systems such as ERP, MES, MDM, SAP, CRM, expense control, and printing control systems, achieving deep integration of IT and OT. The implementation of these systems has not only improved the automation and intelligence of production processes but also provided the company with abundant data resources, laying a solid foundation for further digital transformation and financial management enhancement.
Despite significant achievements in digitalization, KANGNI still faces several challenges and pain points in financial management. The traditional budgeting process primarily relies on spreadsheet tools like Excel, involving heavy manual work and making it difficult to delve into the value behind data. This results in inefficient data analysis and an inability to leverage data resources for robust decision-making support. Additionally, due to data isolation between departments and the lack of a unified collaborative platform, the efficiency of data transmission and consolidation during budgeting is compromised, affecting the accuracy and timeliness of data. Furthermore, traditional budgeting often adopts static plans, which struggle to adapt to market changes and business adjustments. The absence of a budget execution monitoring mechanism makes it challenging to track execution in real time, identify deviations promptly, and take corrective actions. To address these financial operational difficulties, Intcube collaborated with KANGNI to refine its comprehensive budgeting management and consolidated reporting system. This effort strengthened budget preparation, adjustment, control, and analysis, achieved consolidation of budget reports, met performance evaluation needs, and ultimately built a sustainable and optimizable comprehensive budgeting management platform.
▌ Project Solution
Following in-depth discussions with Intcube, KANGNI carried out customized development of a consolidated reporting system and a comprehensive budget management system based on its business requirements and financial management characteristics.
The consolidated reporting system covers cost restoration, consolidated statements, accompanying notes, and report templates. It achieves step-by-step restoration of actual costs through BOM data queries, comparison of book costs versus actual costs, and replacement cost calculations for inter-entity transactions. Additionally, both automatically generated and manually entered adjustment and elimination entries are synchronized with corresponding data in the notes at the time of creation or entry, enabling simultaneous adjustment and elimination in both main statements and supporting schedules.
Regarding the comprehensive budget management system, the project went through multiple phases including initiation, requirements research, system implementation, trial operation, and final acceptance, ensuring smooth deployment. The system ultimately features encryption, mobile approval, comparison of budgeted and actual figures, and a cost restoration module, enabling multi-dimensional budget analysis, budget adjustments, and performance evaluation.
Intcube’s consolidated reporting system integrates key data such as SAP voucher records, inventory purchase details, and revenue-cost breakdowns, providing a solid shared database for consolidated statements and notes. Moreover, the system enables data sharing with the comprehensive budget management system, further improving the efficiency and accuracy of data processing. The cost restoration functionality not only supports consolidated reporting but also restores costs for materials at various levels across business segments beyond rail transportation. This helps KANGNI optimize product mix, strengthen cost control and management, and supports performance evaluation through consolidated budget reporting and multi-dimensional budget analysis.
▌ Project Outcomes
● Data Integration and Sharing: Unified data from SAP including vouchers, inventory, revenue/cost details, balance sheets, AR/AP, HCM, exchange rates, and major statements, enhancing decision-making.
● Synchronized Adjustments and Offsets: Automated and manual adjustment slips synchronized with notes, improving efficiency.
● Improved Reconciliation: Automated reconciliation and 100% automated offsetting accelerated the consolidation process.
● Optimized Resource Allocation: Cost restoration enhanced profitability, supported precise internal transaction offsets, and enabled rational resource distribution.
● Enhanced Management: Unified digital management of subsidiary accounts provided foundational data for notes and statements.
● Increased Competitiveness: The system boosted financial management and digital transformation, making consolidation smarter and faster, thereby adding economic and social value.
The deep implementation of Intcube EPM and Intcube Consolidation at KANGNI has not only marked a milestone achievement in the collaboration between the two parties but has also helped KANGNI establish a new management model that enables the synergistic evolution of financial management and business operations through in-depth application and continuous optimization of system functions. Leveraging multidimensional database technology, the system enables efficient data management and analysis, providing the enterprise with capabilities for dynamic forecasting and intelligent decision-making, thereby advancing the modernization of financial management and enhancing operational synergy in the digital-intelligent era.
With a focus on integrating business and finance, the system has established a closed-loop process covering strategic decoding, budget formulation, execution monitoring, and performance evaluation, helping KANGNI achieve tangible outcomes such as improved financial accounting efficiency and a shortened budget preparation cycle. This practice not only demonstrates Intcube EPM’s core strengths in areas such as multidimensional budget modeling, flexible predictive analysis, and risk warning but also provides a reference for manufacturing enterprises in strategic execution through visualized data and intelligent decision-making.
Looking ahead, comprehensive budget management in China’s manufacturing sector will increasingly evolve toward being "strategy-penetrating" and "value-creating." With the deep integration of industrial internet and AI technologies, budget management will transcend traditional financial boundaries to become a digital nerve center connecting market demand, production scheduling, and supply chain collaboration. Intcube can help manufacturing enterprises build a dynamic budget resource allocation system covering the entire value chain. Through real-time data feedback and intelligent algorithm optimization, it enables a paradigm shift from cost control to value creation, positioning Chinese manufacturers to seize opportunities in the restructuring of global industrial chains and truly making budget management a core engine driving the implementation of the manufacturing powerhouse strategy.
