Mingseal Comprehensive Budget Project_Customers_北京智达方通科技有限公司

Mingseal is a high-tech enterprise with independent intellectual property rights, established based on the State Key Laboratory of "Robotic Technology and Systems" (Harbin Institute of Technology Robotics Research Institute). It is dedicated to the research, development, and industrialization of robotic technology and products, engaging in the R&D and manufacturing of industrial robots and precision mechatronic operation equipment. Its products are widely used in industries such as electro-acoustics, electronics, information technology, automotive, instrumentation, semiconductors, and healthcare.

▌ Project Background

As Mingseal's business continues to develop and its products continuously innovate, the company aims to implement its product strategy and marketing strategy from a medium-to-long-term planning perspective, and execute operational plans based on short-term goals. To achieve better management and control in areas such as product R&D, marketing, production, and after-sales service, and to address challenges in performance appraisal, Mingseal's senior leadership decided to implement comprehensive budget management.

▌ Implementation Content

● Based on interviews with senior management and the company's positioning, propose the concept and plan for Mingseal's performance appraisal system and assist in its implementation.

● Investigate and sort out Mingseal's business and current enterprise status, propose comprehensive budget management concepts, fully communicate and discuss to finalize the budget structure, and build budget compilation models. Achieve the issuance of next year's budget targets, departmental budget compilation and submission, budget approval, budget consolidation, and budget execution.

● Through a deep understanding of Mingseal and its industry, identify the management needs of finance, operations, and senior leadership to design financial analysis and budget analysis solutions.

● Implement Mingseal's comprehensive budget management using the Intcube EPM suite.

● Achieve seamless connectivity with business systems (Yonyou financial software, Yonyou ERP, Yonyou PDM) during budget compilation, control, and analysis phases.

▌ Project Results

● Provided a budget management platform involving all departments, improving the efficiency and quality of budget compilation.

● Enhanced communication efficiency across company departments, clarified the company's strategic goals, and defined departmental performance appraisal targets and standards.

● Refined the company's plans and budgets from a business perspective, making the basis for budget control more rational. Highlighted the budgets for sales and R&D operations within budget management, strengthening the connection with corporate strategy.

● Introduced project-based budgeting, strengthening project performance evaluation.

● Incorporated cash budgeting, providing better data support for financial management work.

● Enabled management to grasp the plans and operational status of the enterprise and its departments through key indicators.