Intcube Collaborates with Anhui Wanwei Group to Advance Comprehensive Budget Informatization Development_News_北京智达方通科技有限公司

Recently, the kickoff meeting for the "Anhui Wanwei Group Integrated Depth Implementation of Comprehensive Budget Management System Project" was held. General Manager Gao of Anhui Wanwei Group Co., Ltd., Chief Accountant Wu, along with Intcube General Manager Zhihong Cai and Deputy Manager Shi Ding, gathered at Wanwei to initiate cooperation on deepening the comprehensive budget management project.

Anhui Wanwei, a large enterprise under the jurisdiction of the Anhui State-owned Assets Supervision and Administration Commission, is the largest integrated manufacturing enterprise in the chemical, chemical fiber, and new materials sectors in Anhui Province. The group company oversees six subsidiaries. In recent years, Wanwei Group has rapidly expanded, forming a development pattern described as "one body, two wings," with the group headquarters as the main body and Mengwei Technology and Guangwei Chemical as the two wings, radiating to the Yangtze River Delta, Bohai Bay Rim, and Pearl River Delta regions.

With the continuous expansion of the enterprise's business scale and market reach, the current budget management model can no longer meet the group's management needs. Currently, Wanwei Group produces dozens of products, and the market has developed rapidly with significant changes in recent years. The group is unable to dynamically monitor budget conditions, and the annual budget preparation process is relatively cumbersome, making it difficult to ensure budget accuracy. The overall budget execution results are unsatisfactory. Wanwei Group has decided to leverage Intcube's technical and experiential strengths in comprehensive budget management to build an integrated budget management platform for the group. This will align comprehensive budget management with the group's strategy, turning budget indicators into the direction and goals for the group's efforts, improving operational efficiency, and promoting optimal resource allocation.

Regarding the project planning for Wanwei Group's comprehensive budget management platform, Intcube Deputy Manager Shi Ding outlined four main entry points for the project: First, comprehensively optimize Wanwei Group's existing management system and streamline budget dimensions. Second, deploy a unified budget management platform for the group, linking the budget with strategy to form a dynamic budget management system. This will integrate budget preparation, budget control, budget execution, and budget analysis into a unified group platform, enabling data connectivity and improving budget efficiency. Third, fully integrate the budget platform with SAP data to achieve seamless connectivity between the budget platform and the existing IT architecture. Fourth, leverage the budget platform to build a sustainable multidimensional database and decision-making platform. Utilizing budget analysis and execution control data, it will provide a basis for decision-making by the group's management.

The Anhui Wanwei Group Integrated Depth Implementation of Comprehensive Budget Management System Project represents a deep collaboration between Wanwei Group and Intcube. General Manager Gao of Wanwei Group stated that based on the implementation and control of comprehensive budget management, budget indicators will serve as a basis for the group's production and operations. By linking budget indicator management with company revenue and expenditure, the overall budget goals for the annual period will be achieved. Implementing comprehensive budget management is not only to meet the requirements of the Anhui State-owned Assets Supervision and Administration Commission for budget reporting and control but also an important method for the group to enhance budget management methods, improve budget execution efficiency, and elevate decision-making and forecasting capabilities.

Enabling data to empower enterprises and achieve intelligent transformation and upgrading is a core focus of current enterprise development. The integrated comprehensive budget management system implemented through the collaboration between Intcube and Wanwei Group not only provides support for Wanwei Group's strategic transformation and upgrading under new circumstances but also establishes a systematic, dynamically improving operational management model that covers all enterprise data. Intcube hopes to leverage this collaboration to work together with Wanwei, driven by budget data, to build and enhance the group enterprise's new competitive capabilities in the information era.