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