Financial Analytics: Science and Experience

Automation of budgetary process as an instrument of informational and analytical support of administrative decisions

Vol. 7, Iss. 15, APRIL 2014

Available online: 26 April 2014

Subject Heading: Financial management

JEL Classification: 

Pages: 35-41

Remizova T.S. Scientific and Research Financial Institute, Moscow, Russian Federation

The article considers substantiation of necessity the budget management of the company and information and analytical tools to support the implementation of the budget management system. The work presents the analysis of Russian market development trends of information systems of enterprise management and highlights the most rapid developing company using 1C. Analysis of the realized projects on budget management of companies-partners 1C reveals: productions companies, trade, insurance, construction, services. Growth is expected in the sectors energy, health. The author offers the example of implementation of budget management by automating the process in the energy companies "Irkutskenergo" JSC and "INK" Ltd. The author concludes that automating the process of budget management, the company receives a large number of new features, such as: growth of efficiency of the availability of budgetary process; increase the validity of acceptance of administrative decisions and competitiveness; improving the investment climate.

Keywords: budgeting, automation, power engineering, information and analytical, support


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ISSN 2311-8768 (Online)
ISSN 2073-4484 (Print)

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