Business-Finance Integration, Intelligent Data Solutions: New Practices in Comprehensive Budget Management for State-Owned Enterprises_News_北京智达方通科技有限公司

In recent years, as SOE reform advances in depth, enterprises face an increasingly complex market environment and regulatory requirements. Traditional financial management models have gradually become inadequate for meeting the demands of high-quality development. Particularly in the field of comprehensive budget management, the long-standing barriers between finance and business have constrained the efficiency of resource allocation and the enhancement of strategic execution capabilities. In this context, "business-finance integration" is no longer just a concept but has become a necessary path for state-owned enterprises (SOEs) to advance management modernization and strengthen core competitiveness.

As a key measure to implement the "all-around, whole-process, full-coverage" budget management concept, business-finance integration requires not only strengthened data exchange and collaboration between finance and business departments but also relies on modern management tools and platforms to break down departmental barriers and facilitate information flow. The Intcube EPM system can provide SOEs with full-process digital support from strategic planning, budget preparation, rolling forecasting, to execution monitoring and analytical reporting. Leveraging this platform, enterprises can achieve real-time linkage between financial data and business data, performing multi-scenario, multi-dimensional budget simulations and analyses within a unified framework, providing management with timely and precise decision-making basis.

Real-World Dilemmas in Budget Management Work for State-Owned Enterprises

● Limited Budget Awareness, Insufficient Business Involvement

Many enterprise employees still view budget management as the exclusive responsibility of the finance department, with low participation from business departments. This leads to budget preparation being detached from actual business scenarios, making effective coordination difficult during execution. This cognitive bias easily renders comprehensive budget management a formality, unable to truly permeate business operations and decision-making processes.

● Prominent Organizational and Data Barriers, Disjointed Business-Finance Linkage

State-owned enterprises, especially conglomerates, have diverse business models and complex hierarchies, often with significant compartmentalization between departments. The non-interoperability of financial and business data systems and inconsistent data definitions create information silos. Business-finance integration lacks a solid data foundation and organizational mechanism, making real-time budget tracking, adjustment, and assessment challenging.

● Traditional Budgeting Methods, Weak Dynamic Response Capability

Many enterprises still rely on traditional methods like fixed annual budgets and incremental budgeting, which struggle to cope with rapid changes in the market and policy environment. Long budget preparation cycles and cumbersome adjustment processes prevent agile responses to operational fluctuations, weakening the role of budgets in risk warning and opportunity capture.

● Insufficient Performance Linkage, Disconnect Between Budget and Strategy

Budget targets are often not fully aligned with strategic objectives, and their linkage with business performance evaluation is weak. Budget execution results are not effectively fed back into the evaluation system, leading to a lack of closure in budget management and hindering the full realization of its strategic guiding role.

Current State of Promoting Business-Finance Integration in SOE Budget Management

With the evolution of management concepts and the iteration of technological means, an increasing number of state-owned enterprises are actively exploring the practical implementation of business-finance integration in budget management. Especially under the major trend of digital transformation, enterprises are gradually leveraging information systems to establish collaborative links between finance and business, shifting the budget management model from post-facto recording to pre-event forecasting and in-process control.

However, looking at the overall situation, business-finance integration is still in its preliminary stages of development. Although some enterprises have introduced the concept of business-finance integration, they still face shortcomings in key areas such as mechanism design, system support, and talent reserves. Business-finance collaboration is often limited to specific projects or departmental levels, and an enterprise-wide integrated ecosystem has yet to be built. Some other enterprises, despite deploying budget management systems, still struggle to achieve deep integration and real-time analysis of business and financial data due to limitations like insufficient system flexibility and weak business adaptability. Furthermore, in recent years, national requirements in areas like state-owned assets supervision, debt risk prevention and control, and profitability quality improvement have continued to tighten. State-owned enterprises also need to further strengthen dynamic monitoring and risk warning capabilities within budget management, imposing higher standards on data integration efficiency and analytical capabilities.

Relying on Intcube EPM to Achieve a Breakthrough in High-Quality Development

Faced with the aforementioned dilemmas and the current state, state-owned enterprises need to build a systematic, platform-based comprehensive budget management system. Leveraging its characteristics such as multi-dimensional modeling, flexible configuration, and business-finance integration, the Intcube EPM system provides state-owned enterprises with a full-chain budget management solution from strategic planning to execution.

● Build a Unified Budget Platform, Integrate Business and Financial Data

Using Intcube EPM, enterprises can integrate data from multiple systems including finance, business, and operations, performing all processes from budget preparation and submission to adjustment and control within a unified platform. The system supports multi-dimensional analysis, multi-version management, and rolling forecasting functions, helping business departments participate in budget preparation based on actual scenarios, effectively enhancing data authenticity and cross-departmental collaboration efficiency.

● Strengthen Process Control and Dynamic Early Warning

The system features real-time monitoring and intelligent early warning capabilities. It can automatically trigger alerts for budget execution deviations, supporting business departments in timely strategy adjustments during operations. Combined with a rolling forecast mechanism, enterprises can respond more flexibly to external environmental changes, achieving dynamic budget management and further enhancing operational controllability.

● Deepen Performance Linkage, Drive Strategy Implementation

Intcube EPM supports decomposing strategic objectives into actionable budget targets and deeply binding them with performance evaluation systems. Through the system, enterprises can track in real-time the impact of budget completion on performance, forming a "strategy—budget—performance" management closed loop, ensuring resource allocation is highly aligned with corporate strategic direction.

● Enhance Data Analysis and Decision Support Capabilities

The system has built-in intelligent analysis models that can provide multi-dimensional insights and trend predictions on budget data, helping management identify core business drivers and potential risks. Relying on Intcube EPM, enterprises can not only achieve full digitization of the budget management process but also gradually build a data-driven decision-making culture, injecting momentum into business innovation and value enhancement.

It is foreseeable that with the continuous evolution of digital technology and the deepening of SOE reform, business-finance integration will become the standard configuration for state-owned enterprises to enhance governance capabilities and achieve high-quality development. Relying on the professional Intcube EPM system, state-owned enterprises can effectively break down departmental barriers, connect data chains, and build an agile budget management system adapted to complex environments, ultimately driving enterprises towards sustainable, high-quality growth. Facing the increasingly complex development trends of the future market, Intcube will continue to optimize and improve comprehensive budget management solutions for state-owned enterprises, helping them fully unleash their maximum value in competition.