Recently, under the guidance of the China Small and Medium sized Enterprise Development Promotion Center, the 13th China Intelligent Manufacturing Summit Forum, hosted by the Hubei Provincial Small and Medium sized Enterprise Service Center and e-works Digital Enterprise Network, has successfully concluded. At the conference, Keyfun's digital comprehensive budget management project for Marazzi was awarded the "2023 China Intelligent Management Outstanding Application Award".

We have established models for business budgeting (including sales, production, cost, procurement, expenses, manpower, etc.), financial budgeting, investment budgeting, etc. in the system. And it has achieved data linkage among various budget sectors, improving preparation efficiency while providing reliable data and model support for sensitivity analysis and scenario analysis.

Marazzi is a leading enterprise in the global elevator guide rail manufacturing industry, with a market share of over 70%, equivalent to more than 2 out of every 3 elevators worldwide using guide rails from Marazzi. With the development and growth of the enterprise, the group has introduced a comprehensive budget management system and established a budget bridge between strategic goals and strategic execution, guided by strategy and based on the overall business objectives of the company. The management thinking of comprehensive budgeting has been implanted into employees at all levels of the enterprise, forming a relatively mature budget management model.

On this basis, the group leaders pointed out that improving budget management efficiency is an important task at present. The group hopes to achieve the preparation, execution process monitoring, performance analysis, and automatic report generation of the group's budget based on information systems such as UFIDA U9, improve the planning of the group's business and the effectiveness of resource investment, and help achieve the group's strategic goals.

In order to achieve this goal, Keyfun and Marazzi jointly outlined the comprehensive budget management system architecture of the group. This architecture reflects the design concept of comprehensive budget closed-loop full process control, integrating planning, budgeting, forecasting, monitoring, analysis and assessment, integrating business and finance, and fully covering the control guarantee system.

In terms of budget preparation, with the help of Keyfun's web-based report filling platform and approval process function, employees only need to fill in basic data. After approval, they can automatically summarize according to the preset logic, meeting the budget preparation mode of combining up and down, hierarchical preparation, and hierarchical summary of the group.

By integrating data with the U9 system, Keyfun achieves tracking and early warning of annual expense budget data, budget adjustment data, and budget execution data, and automatically generates pre actual analysis reports to assist the group's finance in budget adjustment control.

Through the Keyfun low code reporting platform, Marazzi can self build various analysis reports such as pre real analysis, drilling analysis, multi-dimensional analysis, budget performance management, and indicator analysis by business departments without occupying too much IT resources. In the reporting platform, Marazzi can drill down to detailed transactions, providing data insights for enterprise operation decision-making, helping Marazzi improve the planning of the group's business and the effectiveness of resource investment, and achieve the group's strategic goals.