CNACG Improves Budget Accuracy by 50% With Integrated Budget Management System

Overview

CNACG undertakes central budgeting and accounting for more than 300 coal-related enterprises across the country. These enterprises have a complex managerial hierarchy, making it challenging for the Beijing head office to maintain operational control. Budget management in particular was a problem. For instance, budgets did not reveal the operating capacity of various units and how they used their funds. To address these issues, CNACG engaged Oracle Certified Partner Beijing Noahark Consulting to implement a new, integrated budget management system based on Oracle's Hyperion Planning. The system combines business, capital, and investment budgets, ensuring CNAGG can improve the comprehensiveness, accuracy, and timeliness of budget preparation and analysis and improve decision making.