What does automatic reconciliation mean?

Automatic reconciliation refers to daily automatic reconciliation and account opening through the fee control platform. The platform obtains the bill data through the interface, automatically generates the daily bill, intelligently compares it with the service provider's bill, and reminds it immediately if it is abnormal, which is convenient for the settlement accountant to handle it in time. Automatic reconciliation greatly improves the efficiency of reconciliation and settlement.

After the reconciliation is completed, Kong Feiyun is also very flexible in the settlement method. The accounting period can be defined by multiple dimensions such as business occurrence date, departure date and reimbursement date. It also involves settlement cycle setting, prepayment settlement scenario, bill field format and so on. It can be settled by the group, or by the legal person company and the accounting entity respectively.

Through an open supply chain system, Kong Feiyun supports multi-supplier access and enterprise consumption collection. When 80% of personal reimbursement is converted into enterprise settlement, the more suppliers and financial settlement units are aggregated, the financial settlement pressure that is difficult to release under the traditional supply and service integration model will lead to system collapse. Kong Feiyun innovated the separation mode of supply and service, so that enterprises no longer directly face many suppliers, and independent accounting units only need to have business dealings with service providers, who provide services such as fund payment, reconciliation and settlement, and invoice issuance according to unified standards, further releasing the pressure of financial settlement.

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Baijiahao? How does Kong Feiyun realize automatic reconciliation?