Business and financial integration refers to the combination of business development and financial management, and the integration of business and finance, and considering from the overall perspective of the company whether business development is in line with the company's development goals and directions.
As for finance, we must go deep into business activities, especially moving financial management forward to the front end of the business, and feedback it to the business department and decision-making level through prediction and analysis of data, making the enterprise's management decisions more scientific; at the same time, by grasping the key control points and potential risk points of the business process and implementing targeted improvements to reduce operational risks.
In the field of expense management, many companies are also considering extending expense management to the occurrence of front-end business, establishing a comprehensive expense control system to help companies achieve physical level of business and financial integration.
Realize the integration of industry and finance from three major pain points
Pain points 1: advance payment and reimbursement process
Travel expenses are a piece of expenses that enterprises cannot ignore. Employees who need to book air tickets, stay in hotels, take taxis, and eat in business trips, usually pay for their own advances, especially those who travel for a long time, who have to pay more in advances.
Under the company's original reimbursement system, employees manually fill out the reimbursement form after returning from a business trip. For example, OA and financial ERP require employees to log in to the PC to report reimbursement. If the incorrect filling in the middle is returned by the finance department during the review process, the entire process must be started over.
Pain point 2: It is difficult to grasp the rationality of the expenses, and the workload of invoice review is large
In daily reimbursement review, finance not only needs to physically distinguish the authenticity, duplication and compliance of invoices, but also need to logically judge whether consumption is compliant, whether consumption is reasonable, and whether consumption is real. For example, the taxi fee, the invoice issued only has the time to get on and off, but it is difficult to judge whether it is related to this trip, whether I am actually taking the ride, etc., and there are great risks and loopholes. Moreover, if the expenses are found to exceed the standard and the expenses are not reasonably used during the reimbursement in the event of an after-time reimbursement, a conflict between the employee and the finance department will inevitably affect efficiency and experience greatly.
In addition, paper invoices are difficult to store and collect, and manual invoice inspection takes up a lot of financial time; electronic invoices also need to be reviewed for duplicate reimbursement, especially during peak reimbursement periods such as the end of the month, finance spends a lot of time dealing with related complicated matters.
Pain point 3: Multiple information islands, data value is difficult to mine
Any company with a slightly large scale has many financial systems, such as financial ERP system, HR, CRM, OA, or DingTalk, Qiwei, Feishu, etc. Multiple systems are independent and related.
was reimbursed on the previous system. First, there were many fields filled in, the data were isolated from each other, the reports were unclear, and the analysis dimensions were few; second, the approval flow was either too cumbersome or too simple, and it was difficult to meet the needs of enterprises in cost management.
yue reimbursement How to help enterprises achieve industrial and financial integration
yue reimbursement deepens the field of industrial and financial integration, timely insight, actively innovate, and refine expense management plans. Concentrate the application, reimbursement and payment of expenses in a unified fee control management system to realize the data connection between external systems, fee control systems and financial systems, and build an upgradeable and expandable digital platform.
1. Budget and fee control management
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can control the budget according to the actual situation of the company, and set up different departments, accounts, monthly or quarterly budget control, etc. And according to different types of expenses, different intensity control modes are implemented to make budget control more flexible.
2. Expense management
Through the budget of the implementation department and the cost center, the entire process control of management expenses, sales expenses, manufacturing expenses, R&D expenses, etc. are carried out in advance-in-after-after process.
realizes the application for all company expenses, reimbursement, and unified platform for budget control; through the application for fee control platform fees, it can support peripheral system access, or manual entry can be supported.
3. Expense reimbursement
invoice intelligently recognize, check and deduplication, generate reimbursement documents with one click, digitalize the entire process, and improve employee reimbursement experience.
employees scan paper invoices through their mobile phones to realize invoice collection, verification, divisor checking, and image storage, and automatically collect them in the invoice center, and automatically generate reimbursement orders with one click. The voucher rules are flexibly configured through modeling. The borrower accounts of the borrowing and reimbursement order can be matched with the corresponding accounts in the modeling and can be freely expanded without modifying the program.
4. After the accounting system
After the reimbursement and archive, the system recognizes that the bank-enterprise direct payment will be successfully transferred to the general ledger and payable module after the system recognizes that the bank-enterprise direct payment will be successful, and the reimbursement statement will be automatically transferred to the general ledger and payable module.
5. travel consumption platform
does not require advance payment and a large ticket is required to pay the reimbursement. employees can use the travel consumption platform to book air tickets, hotels, taxis, trains, and catering. The travel consumption platform will issue a large invoice (or uniformly send itinerary train tickets) to the company, turning travel reimbursement into public-to-public business, reducing employee advance payments, and reducing the workload of financial review of invoices.
6. Bank-enterprise direct connection
seamlessly connects with the fund system, and payments are managed online, and vouchers are associated with payment information, and unified management is carried out. Verification and control of fund plans in the fund payment process, direct bank-enterprise connection, and real-time payment status return to avoid corporate fund management risks.
7. Report analysis
As the entrance to all expense data, the full type of data report you want can be drawn through the report platform, and through various forms such as charts, it shows the budget cost control situation of multiple departments, periods and accounts, and can query various types of budget cost control data in real time, providing effective support for management decision-making.
With the modern development of enterprise management, the integration of industry and finance has undoubtedly broadened the financial management ideas for enterprises. In actual work, by combining business with financial departments, the goals of saving taxes, legal operations, and improving quality and efficiency are achieved. can achieve interoperability through reimbursement data, breaking the enterprise data silos, reducing duplicate work, and reducing the error rate of business processes. At the same time, business data can be automatically analyzed and processed, reducing manual analysis and helping corporate decision-making analysis.
Original text: https://www.yuebaoxiao.com/news/82e0b2b4-9c07-42ae-abf7-d8cfa1c1413f.html
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