Design and Implementation of an Automated Budgeting System at a Mining Enterprise: The Case of Rg Gold LLP

Abstract

This article is aimed to investigate the process of designing and implementing an automated budgeting system at a mining enterprise in order to provide an overview of methods, tools and stages of implementation, as well as an analysis of the advantages and practical examples of using this system.The purpose of the research is to identify the features of the budget process and develop recommendations for the successful implementation of an automated budgeting system to improve fi nancial management and increase the effi ciency of a mining enterprise.Methodology. The following scientifi c methods were used in the study: comparative analysis; synthesis; methods of systematization and generalization, in-depth interview, SWOT analysis.Originality / value of the research. The value of this study consists in identifying the key problems of budgeting of industrial enterprises of the Republic of Kazakhstan, developing a methodology for designing and implementing an automated budgeting system for the gold mining company RG Gold LLP. The introduction of an automated budgeting system at the enterprise has made it possible to reduce the time spent on consolidating data when forming budget applications, reduce the risk of the human factor, increase the time for forecasting and modeling the budget for making management decisions and increasing competitiveness in the market.Findings. Based on diagnostics, SWOT analysis of the current budgeting system in the fi nancial management system of RG Gold LLP and an expert survey to identify its limitations, user needs for the automation process were determined.A model product for automation of the budgeting system with functional testing of the budget campaign of RG Gold»LLP for 2024 has been designed.The automated budgeting system of Anaplan RG Gold LLP has been confi gured and training programs for its users have been developed.The potential impact of the Anaplan budgeting automation system on accelerating the process of making strategic fi nancial and managerial decisions and increasing labor productivity by saving time, labor and fi nancial resources in RG Gold LLP were estimated.