Banking

Cummins China Investment Improves Budget Accuracy by More Than 60%

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Executive Summary

In China, Cummins has a complex business structure that makes it difficult for head office staff to understand the budget requirements of its four units - engines, generator units, automotive parts, and automotive accessories. This affected the ability to create accurate budgets. In 2007, Cummins engaged Oracle Certified Partner Beijing Noahark Consulting to implement Oracle's Hyperion Planning as its new budget management system. The system, which combines operations, capital, and investment budgets, provides data that helps staff develop more accurate short-, medium-, and long-term budgets that promote sustainable business growth.

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