What are the characteristics of expense reimbursement under the traditional financial model?

1, employee reimbursement time is long. Under the manual reimbursement mode, employees need to find the leader's signature many times to apply for reimbursement and report it directly to the financial department, which takes up a lot of effective working time.

2. Signing and approving documents takes up a lot of time for leaders. All departments of the enterprise have a clear division of labor, sound organization and complicated approval process, and the daily work arrangements of leaders are often disrupted by approval.

3. The financial workload is huge. Employees send a large number of documents to the finance department, which not only reviews the original documents, but also reviews the business approval process, and finally prepares accounting vouchers and inputs them into the accounting information system.

4. The payment of funds lags behind, making reconciliation difficult. Under the traditional means of bank payment, the payment of funds is restricted by the bank's approval process and processing speed, which seriously lags behind the business. At the same time, a large amount of fund payment brings a lot of bank reconciliation work, and the workload of financial personnel is heavy and the error rate is high.

5. The branch's fund management of subsidiaries is not perfect. The fund management of subsidiaries by branches is independent and unified. The traditional financial management mode makes the financial application of subsidiaries to branches not timely, which restricts the real-time monitoring and centralized management of the capital flow and flow of subsidiaries. This financial management method is difficult to adapt to the fast-paced business characteristics of modern group companies.

6. In this traditional financial reimbursement mode, employees complain about the slow reimbursement, the financial department is dissatisfied with the heavy workload, and leaders can't bear to affect their normal work because of the approval of ordinary reimbursement forms. In this case, problems such as high cost, low efficiency, many opinions and big contradictions will be increasingly exposed, and all financial-related work efficiency will be affected to varying degrees.