Dongfeng Nissan Auto Finance Co., Ltd. Budget Management Systematization Research

Competition among enterprises is increasing strictly with many years’ development ofAuto finance industry. In order to strengthen competitive position in the market, it has nowbecome an urgent issue to enable enterprises for the directions of integration andrefinement by means of budget management. The existing budget management mode isfacing unprecedented challenges because of the rapid changing in the information era andthe complex market environment. The effective implementation of budget managementmakes it helpful on cost saving, enterprises’ core competitiveness and enterprises’ resourceoptimization. The main tasks for current budget management are to set up the advancedplatform of information technology, to integrate resources and to focus on budgetmanagement mode with budget management systematization.The suitable budget management software should be considered when running theenterprises budget management systematization. There exists some software defects whencarrying out the budget management, such as target-driven, process-lighten, controlneglecting and depending only on manual or excel etc. The main purpose of study in thispaper is on how to make good use of the enterprises basic ERP management software intopractice and how to utilize the budget management as the main line to mobilize all sectorsor resources, or to carry out meticulous management.Dongfeng Nissan Auto Finance Co., Ltd. is selected as the target enterprise in thispaper to make analysis on the current problems, that is, the defects of the organizationalstructure and operational process based on the detailed work of financial budget. Thebudget management will be analyzed especially for the current domestic and abroadresearch status overview through the Budget Management, Accounting, Financial theory,Information Systems application theory etc. Suggestions and conceptions are provided inthis paper to make it optimized with the reorganized process. Useful proposals and theconcept of organizational systematization are also provided to improve the budgetmanagement system. The paper finds out the impact in the company financial budgetmanagement through departments’ investigation, organization structure’s optimization and multi-dimensional inquiry system’s establishment, proposed the budget managementsystematization improvement proposals and implementation steps. It optimizes the budgetmanagement system of Dongfeng Nissan Auto Finance Co., Ltd. and hopes that it willhave a certain contribution in improving the future enterprise business efficiency.