Inteltekh automated budget management

The West Concept holding completed creation of the Corporate information system of automation of tasks of budget management in JSC Inteltekh.

Increase in efficiency of financial management and budget planning of the customer, namely – creation of model of interrelation of accounting and management accounting, decrease in manual work and minimization of errors in management accounting, reduction of time and process optimization of approval of budgets, centralization of storage and visualization of submission of budget data was a main objective of creation of a system.

The solution based on the software of Microsoft – the Microsoft SQL Server, Microsoft Office Share Point Server Ent (a subsystem of Microsoft Office PerformancePoint Server) offered by West Concept company was selected by the customer because of compliance of its opportunities to key tasks:

• Creation of uniform budget model;
• An opportunity to conduct the sliding planning;
• Formation of the plan-fact reporting;
• Ease of a turn of the existing budget model in new;
• Work of users in the usual environment (for example, Excel);
• Simplicity of integration with other systems;
• Possibility of further support and development of a system by the Customer's specialists.

During the course of performance the project the following functions were automated:

• Planning within which operating budgets, overhead budgets, auxiliary budgets and consolidated budgets are automated.
• Consolidation of budgets.
• Reporting under planned and actual data.
• Variance analysis of the actual indicators from the budget.
• Loading of actual data from an accounting system of KOMPAS.

The general project duration was 9 months, with detailed splitting into stages.

As a result of system implementation of budget management of the company reductions of time of formation of budgets and quantity of errors in them can achieve that increases labor productivity and allows to direct efforts to strategic planning of activity of the enterprise. Besides, a system gives the chance to model different versions of budgets that expands abilities to manage with finance of the enterprise.