Expense management mainly includes those?

Expense management Baidu Encyclopedia explains: Expense management is the management of enterprise circulation costs, is enterprise financial management component. The task of cost management is: through forecasting, planning, control, accounting, assessment and analysis, reflecting the expenditure of commodity circulation fees, exploring the potential to reduce costs and improve economic efficiency.

Cost management based on: "State-owned enterprises cost management regulations", "State-owned commercial, foreign trade enterprises cost management implementation rules", as well as the state of the cost of the relevant rules and regulations and expenditure standards. The form of management: plan management, quota management, budget management, sub-portal management, hierarchical management and so on. The specific management of the cost of enterprise management, usually from three aspects of the organization: (1) by the department of finance and accounting for all the costs of the enterprise and the level of expenses to implement integrated management; in accordance with the division of labor of the enterprise's internal organization, the implementation of the port responsible for the hierarchical management. (2) For each expense item, according to its different characteristics, using different management methods. For example, the fixed rate of the cost, fixed management, cost package savings commission system, internal capital coupon discounting. Enterprises set up the chief accountant or have a proficient management of the business manager in charge, can also implement the chief accountant or manager in charge of a pen after the approval of the management can be charged.

Purpose of expense management:

In order to effectively strengthen the company's expense management, and at the same time to facilitate the financial supervision and control of the expense, and effectively standardize and reduce the scope and standard of expense.

Expansion:

Comprehensive expense control management system, efficiently empowering the digitalization of enterprise expense management

How to cope with the complexity of the environment, to achieve steady and sustainable growth of the enterprise is the proposition that managers have to think about nowadays. And with "digital intelligence" as the cut and grasp, through the refined management, to enhance their ability to combat risk and uncertainty, more and more become a common **** knowledge.

According to survey data from the Shanghai National Accounting Institute, the overall expense ratio of A-share-listed enterprises climbed from 20.6% to 26.5% between 2016 and 2020, and the high expense ratio has become almost the same dilemma faced by enterprises***. There is no lack of large state-owned enterprises shouted to establish "budget, authorization, fee control, audit" expense control system slogan, real estate, e-commerce, financial and other industry enterprises are also in the cost of control has been strengthened.

Enterprise expense management status quo and pain points:

01?Finance function is difficult to break through

A large number of transactional bills, auditing and accounting work, occupying the time of the expense manager, there is no way to free the energy from the variety of complicated work;

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02?Business and finance are not unified

The final process of the internal business system and financial system is not closed-loop, and it is difficult to track the errors occurring in the business;

03?Business process is not unified

The process of the parent company or the group headquarter and the subordinate molecule company is not unified, and the configuration work overlaps, which is not favorable for the business;

03?The process of the parent company or the group headquarter and the subordinate molecule company is not unified.

04?Insufficient budgetary control

Control must be managed by people, not only the budget, but also a variety of internal controls and audits, which must be done by people, the review of the strict, manual work can not be done over the review of the loose, there is no control in place;

Enterprise financial processing process automation, intelligence is insufficient, manual bookkeeping, vouchers to find the work is difficult to improve efficiency;

06?Employee satisfaction is not high

Employee expenses incurred on official business items, the frequency is high, such as travel, hospitality, from the application, purchase, reimbursement of each link in the experience,

Employees are not satisfied with the work of the company. The experience is poor in all aspects of application, purchasing and reimbursement, and employees complain a lot.

Enterprise Consumption and Expense Digital Intelligence Control Platform

Faced with the real needs and pain points of enterprises, the platform focuses on the budgeting, applying, consuming, controlling, settling, analyzing and other scenarios of various types of expenses, through the aggregation of a large number of vendors, establishment of a comparison platform, connection with the invoicing platform, and connection with the enterprise's internal management system. The invoice platform connection, and the internal system of the enterprise through the scene and the depth of the integration of the fee control heavily empowered by the enterprise consumption expenditure of the whole chain of digital intelligent management, reshaping the new concept of enterprise expense fine management, to achieve the business process, the consumption of the scene, centralized purchasing and consumption of the platform. At the same time, a large number of applications of AI, RPA, OCR and other new technologies, to achieve intelligent expense reimbursement, financial accounting automation, and effectively alleviate the enterprise reimbursement process is long, inefficient accounting processing, cost budget overruns and compliance difficult to control and other pain points, to achieve the integration of the consumption and fee control, business and finance, finance and tax interconnection . , truly for the staff to save heart, for the financial empowerment, for the enterprise to reduce costs and increase efficiency.

Expense control management solution highlights

01?One-stop enterprise consumption integration

Concentration of enterprise travel, welfare, meeting, office, labor insurance, hospitality, vacation, procurement and other consumption scenarios in one, to create a one-stop platform for the management of enterprise consumption and expenses. It is a one-stop solution for all kinds of products and services needed for corporate consumption.

02?Full-process expense control

Budgeting, application, approval, consumption, control, reimbursement, settlement, entry vouchers, input tax deduction, e-file and other complete business scenarios are integrated to realize one-stop closed-loop and efficient control of the entire consumption and financial processing of the employees.

03?Open Supply Chain Platform

Helps enterprises realize a set of highly independent and open supply chain integration and optimization platform, and provides standard open interfaces, so that enterprises can independently and flexibly select suppliers of various categories on demand, and thus independently bid for and manage multi-suppliers and multi-service providers.

04?Aggregate price comparison mode

From the bottom of the establishment of a professional multi-supply of one product with the same screen aggregated price comparison mechanism, without the need for multiple platforms to jump back and forth, to achieve the smallest degree of granularity of the scientific comparison of the procurement, to avoid big data to kill, empowering enterprises to explicitly reduce costs.

05?Intelligent financial reimbursement

Widespread use of OCR, RPA and other AI intelligent technology, a large number of repetitive, simple, standardized financial auditing and accounting work will be systematized, programmable and intelligent, by simplifying the operation, to enhance the employee reimbursement experience and financial processing efficiency.

06?Fine control

The Expense Control Cloud embeds the travel management system in the platform, fine-tuning the standards of various expenses under different consumption scenarios, and supporting the free combination of various types of control programs, which allows for strong or weak control, and realizes the realization of one person, one thing, one standard.

07?Flexible operation mode

Innovatively introducing the procurement concept of "contracting work but not materials" in the field of decoration, the first supply and service separation mode allows enterprises to flexibly choose between light operation, heavy operation, or full operation on behalf of the enterprises according to their actual needs and the direction of the flow of funds to ensure the efficient operation of the platform. The platform operates efficiently.

08?Humanized experience

Innovative platform experience modes, such as standard flexibility, over the standard can be paid, savings can be attributed to their own, private can be passed on, welfare benefits to family members, and credit reimbursement, to promote and attract the active participation of employees in the travel cost control process.

Summary: Traditional mode, financial processes and transactions are separated, each time after the end of the month after the centralized reimbursement tide, the management of the enterprise to know the month in the end of the expenditure of how much, this reimbursement through the cost of doing the "after the event" rather than "after the event". this kind of reimbursement of expenses to do "after the fact" rather than "before the fact" management approach, so that the enterprise expense control is often superficial, can not help enterprises to a greater extent to reduce costs and increase efficiency. The company really wants to do a good job of expense control, the need is not just a consumer procurement platform, nor is it an after-the-fact reimbursement platform, but combined with the cost of the enterprise and the requirements of the management of the cost of the whole process of expense control service platform.

References:

1. Baidu Encyclopedia ? Expense Management

2. Baidu Baike ? Expense management approach

3.Shengyi Technology ? Comprehensive expense control management system, efficiently empowering enterprises to digitize their expense management