Galadin Budget, a product for comprehensive budget management system, is based on accurate business and financial data to realize budgeting, audit, control, adjustment and analysis, providing support for enterprise performance management and rational resource configuration. The system is both a management tool and a systematic approach to assist enterprises to achieve strategic objectives, monitor the implementation progress of strategic objectives, control expenses and forecast cash flows and profits through rational allocation of manpower, material and financial resources.

Background
In respond to the changing market, overall budget management is the key for enterprises to seize opportunities and dominate the market. As a formal and quantitative representation of corporate strategic planning, comprehensive budget summarizes corporate strategic objectives and practical steps to achieve them. Chinese enterprises should take advantage of overall budget management to establish overall budget management information system, improve efficiency and accuracy of budgeting, bring convenience for business leaders to handle performance evaluation, resource allocation and risk control, thus providing solid foundation for corporate strategic management. Based on this concept and decades of experience in system design, we developed and launched the product of Galadin Budget.

Functional modules

1. Budgeting
According to the set objectives and detailed work plans, forecast resources (market, staff, funding, etc.), cost, investment, preparation and audit required to completion of these goals and preparation of annual budget.
 

A. Budget organization. Support multi-organizational budgeting. Units at all levels could perform independent budgeting in a unified budget data platform;
 

B. Budgeting / Breakdown. Support setting of different budgeting stages;
 

C. Budgeting auditing/ Issue. Capable of setting budget changes and approval authority, support distribution and approval process of various types of budget, and provide budget review templates to help budget managers for review;
 

D. Budget adjustment and prediction. Predict the future according to earlier budget implementation, and adjust all types of budget in corresponding periods (such as end of the quarter); support periodic dynamic adjustment of budget and maintain the entire process of budget adjustment.

2. Budget control
Control company's actual business activities and costs according to annual and rolling budgets to practically achieve budget.
 

A. Feed forward control. Combine budget control and daily approval process to achieve feed forward control;
 

B. Real-time control. System could automatically monitor financial operations according to user customized standards. System would automatically freeze operations that exceed budget plan and sent warnings toward relevant users by system settings.
 

C. Feed Back Control. Budget system would import actual number and perform feel back control with statements.

3. Budget analysis
Galadin Budget can record company's operations activities and consumption of resources objectively, accurately and timely, and report record results to appropriate management
 

A. Statement can be defined with templates or customized flexibly to automatically generate specified responsibility center, projected balance sheet of specified budget plan, profit and loss account, projected cash flow statement and other budget statements;
 

B. With multi-dimensional analysis, budget vs. actual variance analysis report, budget implementation progress analysis report, and other reports can be automatically generated. Multi-dimensional analysis can be performed in browser with statements, and data operations such as drill up/down, rotary steering drilling, drill-through, etc.
 

C. Form of presentation includes statement, set of statement, static report, graphics and so on.
 

D. Early warning provides early warning function and dashboard function, such as pointer manner or traffic lights.

Features
1. Easy deployment and maintenance. Galadin Budget applies three-tier architecture (client layer, logic layer, data layer) to construct this B / S system. It utilizes J2EE for development, SOAP protocol for object access, and XML standard for data encapsulation;
 

2. Scalability. System is compatible with Windows, Unix, AIX and Linux, with a variety of interfaces that support integration with our existing systems, and provide convenience for users to perform system expansion, upgrade or maintenance;
 

3. Flexibility. System supports the entire strategic management process including issue of budget goal, budgeting, budget execution and control, budget analysis and corporate performance evaluation; and supports top-down, bottom-up and top-down combined process or budgeting, making budgeting more work-saving, flexible and manageable.
 

4. Comprehensiveness. Support application of multi-level budget body, multi-stage budgeting process of all departments under independent accounting units, and multi-level budgeting process of group enterprise with multiple independent accounting units; support comprehensive budgeting system, including operational budget, financial budget, capital budget, etc;
 

5. Usability. Support budgeting of multi-version and multi-cycle; support annual, quarterly, monthly and 12-year budgeting; support zero-based budgeting, rolling budget, flexible budget and other budgeting methods; support integration with Excel;
 

6. Professionalization. Provide specialized BI tools to support data mining, and analysis of result by graphical display of the budget; difference analysis between budget and actual number decreases complex process of data extraction and analysis.

Key Benefits
● Galadin Budget is an important control and management tool for implementation, decomposition and communication of corporate group strategy. Oriented with target profit, Galadin Budget details strategic planning and annual business plan and performs quantitative scheduling of corporate overall business activities, thus pushing corporate management to seriously consider how to achieve their goals and take preparation of the changing market;
 

● Galadin Budget establishes performance appraisal system of cost center, profit center and investment center, puts feed forward budget and real-time control before feed back review; the system decreases business risk by effective planning, so that all corporate business activities would perform under scientific and rational budget management.
 

● The system helps with plan, communication and setting of behavior standard of employees to meet company's strategic development need, can also motivate employees to work hard, which can be taken as the basis for staff performance evaluation.

Potential Client
Galadin Budget is suitable for estimates of revenue and expenditure in various sectors, including government, energy, finance, transportation, etc. Galadin Budget could realize collaborative, integrated and event-based planning process to satisfy financial and operational needs of clients.