Baidu Encyclopedia explains: is to reduce costs and increase efficiency, explanation: drop: reduce; Ben: cost. Increase: create, increase; effect: efficiency, effectiveness. Reduce costs, increase efficiency.

Actually, the core of the "cost reduction and efficiency" mentioned in the enterprise is the goal of enterprise expense management.

In the face of a complex and volatile global economic environment, "reducing costs and increasing efficiency" has become the key to unleashing the vitality of economic development, but also the eternal theme of enterprise management. At present, digital intellectualization has become the inevitable choice of the new period of enterprise cost reduction and efficiency, is the core strategy of enterprise development and universal **** knowledge. In the field of enterprise expense management, has been from 3.0 mobile reimbursement era to intelligent expense control 4.0 era, intelligent expense control 4.0 jump out of the financial reimbursement, from the management point of view to establish a complete set of control system, audit points, compliance requirements, management of the idea of a number of contents of the enterprise's internal control system, in the past, always outside of the enterprise expense control system of the consumption scenario included in the control of the expense from the consumption of the source of the cost of happening! The system is designed to control expenses from the source of consumption, and ultimately form a closed loop of expense control for the whole process before, during, and after the event, to solve the persistent problems of enterprise expense management.

Expansion:

So how can enterprises realize "cost reduction and efficiency"?

Enterprise digital transformation of finance first.

Finance is often faced with three problems in the daily work:

One is the internal information silo, the industry financial data is not unified. The company's internal information technology involves a number of systems, each system is not connected to each other, in the process of public consumption, consumption applications, procurement booking and reimbursement are often separate. The financial staff can not real-time grasp of the staff in the whole business process of consumption and the authenticity of the bills, once the bills have problems need to call back to re-reimbursement, increasing the financial and reimbursement staff between the internal conflict;

The second is the problem of compliance. Compliance and risk are two rails that go hand in hand, enterprise risk is not necessarily a compliance problem, but compliance problems will inevitably form a risk. Finance is the last line of defense for corporate compliance. From 1.0 mode to 3.0 mode, the procurement booking and consumption of corporate consumption needs to be transferred to a third-party consumption platform, which is not in line with the principle of price comparison, and the expense incurred is difficult to be effectively controlled;

Thirdly, there is a lot of repetitive and inefficient work brought about by the internal conflict. On the one hand, repetitive work greatly occupies the time of finance; on the other hand, the breakthrough of new technologies such as artificial intelligence, RPA, big data and so on also put forward new requirements for the financial management mission and the ability of financial personnel. Finance managers need to be attentive to future transformation trends and functional changes to cope with the increasing challenges and uncertainties.

Intelligent Expense Control 4.0, a new mode of enterprise expense control management in the era of digital economy, focuses on the integration with consumption scenarios, and will provide more efficient and comprehensive expense control reimbursement services for enterprises by building an open supply chain system, the aggregation of one product with multiple supply modes, and making full use of intelligent technologies such as AI, RPA, and OCR.

Aiming at the above three problems, the Intelligent Expense Control 4.0 model proposes a new solution:

01 Seamlessly integrating the internal and external systems of the enterprise, realizing the integration of industry, finance and tax

To address the problem of internal information silos and the unification of the data of the industry and finance that occurs in the daily work of finance, the enterprise expense management system will be used as the basis of the enterprise expense management system, which is the most efficient and comprehensive service for enterprises. Through the standard API interface to achieve seamless integration of internal systems, external supplier systems, external service provider systems, external supply chain finance and fee control cloud platform, various types of expenses unified control, standardization of the approval process, invoices unified collection, centralized reimbursement in a system to reduce the frequent interaction of multiple sets of system data, to achieve the true integration of business finance and tax.

02?Aggregate price comparison scientific procurement mode, from the source of control costs

Enterprise consumption is not lack of consumption platform, how to the enterprise consumption platform and fee control system for the depth of the integration of the enterprise consumption of the aftermath of the control into the ex ante control, is the lack of the majority of enterprises. Through the API interface mode seamlessly integrates travel, conference, retreat, vacation, group construction, red tourism and other high-frequency corporate consumption scenarios, realizes the aggregation of price comparison scientific procurement mode, controls the generation of expenses from the consumption side, and through the mode of online collection and unified settlement, makes corporate consumption more convenient, fast and transparent and compliant, and reduces the risk of non-compliance in the authenticity of invoices, payment and other cost expenditure links. In addition, auditing and expense standard monitoring are built-in, with multi-dimensional analysis for real-time checking of expense items and spending policies, realizing the full flow of expense compliance policies.

03?AI+RPA empowers finance and helps enterprise finance transformation and upgrading

In the era of intelligent expense control, the finance department is no longer just a processor and recorder of transactions, but also a controller of enterprise risks and a supporter of business development, and a creator of diversified values. New technologies such as AI+RPA are applied to the field of enterprise expense reimbursement to realize intelligent expense reimbursement, automation of financial accounting, and improvement of work efficiency. Financial managers can focus more on external communication, business development, financing strategy, and digital decision-making with the boost of Shengyi Expense Control Cloud, thus providing better synergy for the realization of corporate development goals.

Summary: In the rapid development of the digital economy today, digital capabilities have long become the core competitiveness of enterprise development. From the point of view of the enterprise's annual report, "digital transformation", "cost reduction and efficiency" and other key words appear frequently, the enterprise's "digital" gene is fully awakened, and gradually become a strategic means of enterprise digital transformation and upgrading. The application of digital technology has shaped a new era for enterprises. The application of digital technology has shaped a more three-dimensional, multi-level cost reduction and efficiency solutions for enterprises, which not only promotes the transformation and development of business, but also effectively improves the management capability of enterprises.

References:

2 Sheng Yi Technology? In the age of digital intelligence, how to break the financial digital transformation?