What are the benefits of an expense management system?

The emergence of fee control management system in order to solve a variety of pain points in the process of enterprise expense management, the following is a brief description of the benefits it brings to the enterprise:

The uncertainty of the operating environment has increasingly become the norm for enterprises to face, and recently, Huawei's internal forum, "the whole company's business approach to shift from the pursuit of scale to the pursuit of profit and cash flow" article triggered widespread concern in the community, how to deal with the complex environment to achieve steady and sustainable growth is now the proposition that managers have to think about. How to cope with the complex environment and achieve steady and sustainable growth is a proposition that business managers have to think about. And to "digital intelligence" as a cut and grasp, through the refinement of 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 to establish a "budget, authorization, fee control, audit" of the expense control system slogan, real estate, e-commerce, finance and other industries are also in the expense control to strengthen.

Traditional model, the financial process and transactions are separated, each time after the end of the month to centralize the reimbursement of the tide, the management of the enterprise to know how much the month in the end of the expenditure, the reimbursement of expenses through the "after the fact" rather than "before the fact" of the management approach 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. Enterprises really want 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 the combination of enterprise expenses and business management requirements of the expense control of the whole process service platform.

Expense control management system platform platform

Centered around the enterprise for public consumption of various types of costs of the budget, application, consumption, control, settlement, analysis and other scenes, through the aggregation of many suppliers, the establishment of a price comparison platform, and the invoice platform connection, and the internal system of the enterprise through the scene with the depth of the integration of the expense control of the heavyweight to empower the The whole chain of enterprise consumption expenditure is managed by digital intelligence, which reshapes the new concept of fine management of enterprise expenses, and realizes the business process, consumption scenario, procurement centralization and consumption platform. At the same time, the expense control management system applies a large number of new technologies such as AI, RPA, OCR, etc., realizing intelligent expense reimbursement and automated financial accounting, effectively alleviating the pain point problems of long reimbursement process, low efficiency of accounting processing, overspending of the expense budget, and difficult to control compliance, etc., and realizing the integration of consumption and expense control, business and finance, and finance and tax interconnection, which really saves the heartache for the employees, empowers the finances, and reduces the cost and increases the efficiency of the enterprises. The company's cost reduction and efficiency.

Expense Control Management System Highlights

01 One-stop Enterprise Consumption Integration

Collecting enterprise travel, welfare, meeting, office, labor insurance, hospitality, vacation, procurement and other consumption scenarios in a single entity, to create a one-stop platform for the management of enterprise consumption and expenses, and to solve the various types of products required for enterprise consumption.

02 Full-process Expense Control

Integrates the complete business scenarios of budgeting, application, approval, consumption, control, reimbursement, settlement, crediting vouchers, input tax deduction, and e-file, realizing one-stop closed-loop and efficient control of the whole process of employees' consumption and financial processing.

03Open 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 to jump back and forth between multiple platforms, to achieve the smallest granularity of the scientific comparison of the procurement, to avoid big data to kill, and to empower the 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 travel management system is embedded in the platform, which sets the standards for various expenses under different consumption scenarios, and supports the free combination of various control programs, which can be strong or weak, and realizes one standard for one person and one thing.

07 Flexible Operation Mode

Innovative introduction of the procurement concept of "contracted work, not contracted materials" in the field of decoration, the first supply and service separation mode, the enterprise according to the actual needs and the direction of the flow of funds to flexibly choose the light operation, heavy operation, or full operation, 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, the welfare benefits of family members as well as credit reimbursement, to promote and attract the active participation of employees to the travel cost control process.

Reference:

SUNIT ? Comprehensive Expense Control Management System, Efficiently Enabling the Digitization of Enterprise Expense Management