Strong Budget Control System Implemented

A ceramic manufacturing company with INR 800 cr turnover had regular Finance & Accounts Function but they lacked budget control system :

  • Delegation was becoming difficult in absence of budget control mechanism.
  • Expense controls are not effective as they were exercised post facto & without any correlation to baseline like sales / production.
  • Controlling profitability becomes extremely challenging in absence of budget control system.

We worked upon the budget control system & devised a system based budgeting mechanism whereby

  1. Each function is accountable with respect to their commitment to topline & expenses.
  2. System based real time control over expenses at requisition stage itself before the expenses are actually incurred.
  3. Monthly analysis & dynamic planning for next month helps company a lot on controlling the profits.

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