What do you mean by "reducing costs and increasing efficiency" mentioned in enterprises?

The explanation of Baidu Encyclopedia is: reducing costs and increasing benefits, and the explanation is: reducing: reducing; Ben: Cost. Increase: create, increase; Effectiveness: efficiency, effectiveness. Reduce costs and increase benefits.

in fact, the core of "reducing costs and increasing efficiency" mentioned in enterprises is the goal of enterprise expense management.

Facing the complex and changeable global economic environment, "reducing costs and increasing efficiency" has become the key to release the vitality of economic development and the eternal theme of enterprise management. At present, digital intelligence has become the inevitable choice for enterprises to reduce costs and increase efficiency in the new era, and it is the core strategy and universal knowledge of enterprise development. In the field of enterprise expense management, it has moved from the era of 3. mobile reimbursement to the era of intelligent expense control 4.. Intelligent expense control 4. has jumped out of financial reimbursement, established a set of enterprise internal control system covering management control, audit points, compliance requirements, management ideas and many other contents from the management perspective, and included the consumption scenes that were always outside the enterprise expense control system in the past, controlled the occurrence of expenses from the source of consumption, and finally formed a closed loop of the whole process expense control before, during and after the event to solve the enterprise expenses.

expansion:

so how can enterprises achieve "reducing costs and increasing efficiency"? , the answer is digital

digital transformation of enterprises comes first.

In daily work, finance often faces three problems:

First, there is an isolated island of internal information, and the financial data is not uniform. The internal informatization of the company involves multiple systems, each of which is not connected with each other. In the process of corporate consumption, consumption application, purchase reservation and reimbursement are often separated. Financial personnel can't grasp the consumption of employees in the whole business process and the authenticity of bills in real time, and once there is a problem with bills, they need to call them back for reimbursement, which increases the internal friction between financial personnel and reimbursement personnel;

the second issue is compliance. Compliance and risk are two tracks that go hand in hand. Risks in enterprises are not necessarily compliance problems, but problems in compliance will inevitably lead to risks. Finance is the last line of defense for enterprise compliance. From 1. mode to 3. mode, the purchasing, booking and consumption of enterprise consumption need to jump to the third-party consumption platform, which is not in line with the principle of price comparison and purchase, and it is difficult to effectively control the expenses.

the third is the internal friction caused by a lot of repetitive and inefficient work. On the one hand, repetitive work greatly occupies financial time; On the one hand, the breakthrough of new technologies such as artificial intelligence, RPA and big data also puts forward new requirements for the mission of financial management and the ability of financial personnel. Financial managers need to pay attention to the future transformation trend and functional changes in order to cope with more and more challenges and uncertainties.

Intelligent Expense Control 4., a brand-new enterprise expense control management mode in the digital economy era, pays attention to the integration with consumption scenarios. By constructing an open supply chain system, an aggregate price comparison model with multiple products and making full use of intelligent technologies such as AI, RPA and OCR, it will provide enterprises with more efficient and comprehensive expense control reimbursement services.

In view of the above three problems, the intelligent fee control 4. model puts forward a new solution:

1 Seamless integration of internal and external systems of enterprises to realize the integration of industry, finance and taxation

Aiming at the problems of internal information islands and inconsistent data of industry and finance in daily financial work, based on enterprise fee management, an open light application integration platform is built for enterprises to break the information islands and realize data sharing and interconnection among various systems. Through the standard API interface, the seamless integration of enterprise internal system, external supplier system, external service provider system, external supply chain finance and fee control cloud platform is realized, all kinds of fees are uniformly controlled, the approval process is standardized, invoices are uniformly collected, and reimbursement is centralized in one system, which reduces the frequent interaction of multiple sets of system data and realizes the real integration of industry, finance and taxation.

2? The scientific procurement mode of aggregate price comparison can control expenses from the source

There is no lack of consumption platform for enterprise consumption. What most enterprises lack at present is how to deeply integrate the consumption platform with the expense control system and change the ex post control of enterprise consumption into ex ante control. Seamless integration of high-frequency consumption scenes of enterprises such as travel, meeting, recuperation, vacation, group building and red tourism through API interface mode, realization of scientific procurement mode of aggregate price comparison, control of expenses from the consumption end, and online centralized purchase and unified settlement mode, making enterprise consumption more convenient, fast, transparent and compliant, and reducing the risk of non-compliance in expenses such as invoice authenticity and payment. In addition, built-in audit and expense standard monitoring, multi-dimensional analysis, real-time inspection of expense items and expense policies, and the whole process of expense compliance policies is realized.

3? AI+RPA empowers finance and helps enterprises to transform and upgrade their finances

In the era of intelligent fee control, the financial 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. Apply AI+RPA and other new technologies to the field of enterprise expense reimbursement, realize the intelligence of expense reimbursement, automate financial accounting and improve work efficiency. Financial managers can focus more on external communication, business development, financing strategy and digital decision-making, so as to better coordinate the development goals of enterprises.

Summary: With the rapid development of digital economy today, digital capability has already become the core competitiveness of enterprise development. Judging from the annual report of enterprises, keywords such as "digital transformation" and "reducing costs and increasing efficiency" appear frequently, and the "digital" gene of enterprises is awakening in an all-round way and gradually becomes a strategic means of digital transformation and upgrading of enterprises. The application of digital technology has created a more three-dimensional and multi-level solution for enterprises to reduce costs and increase efficiency, which not only promotes the transformation and development of business, but also effectively improves the management ability of enterprises.

References: 1 Baidu Encyclopedia reduces costs and increases efficiency

2 Shengyi Technology? In the era of digital intelligence, how to break the digital transformation of finance?