What benefits can cost control management system bring to enterprises?

In order to solve all kinds of pain points in the process of enterprise expense management when the expense control management system appears, let's briefly talk about the benefits it brings to enterprises:

The uncertainty of business environment has increasingly become the normal state faced by enterprises. Recently, Huawei's internal forum "The whole company's management policy should shift from pursuing scale to pursuing profit and cash flow" has aroused widespread concern in society. How to deal with the complex environment and realize the steady and sustained growth of enterprises is a proposition that enterprise managers have to think about at present. It has become more and more common to improve one's ability to resist risks and uncertainties through meticulous management.

According to the survey data of Shanghai National Accounting Institute, from 20 16 to 2020, the overall expense ratio of A-share listed companies will increase from 20.6% to 26.5%, and the high expense ratio will almost become a dilemma for enterprises. Many large state-owned enterprises have shouted the slogan of establishing a cost control system of "budget, authorization, cost control and inspection", and enterprises such as real estate, e-commerce and finance have also strengthened cost control.

In the traditional mode, financial processes and transactions are separated. After each wave of centralized reimbursement at the end of the month, the management of the company knows how much it has spent this month. This management mode of reimbursement "afterwards" rather than "beforehand" makes the management and control of enterprise expenses often superficial and cannot help enterprises reduce costs and increase efficiency to a greater extent. Enterprises need not only a platform for centralized consumption and procurement, but also a platform for reimbursement afterwards, and a full-process service platform for cost control that combines enterprise expenses and management requirements.

Cost control management system platform

Focusing on the budget, application, consumption, control, settlement, analysis and other scenarios of various expenses incurred by enterprises on business, by aggregating many suppliers, building a price comparison platform, connecting an invoice platform, and connecting internal systems of enterprises, with the deep integration of scenarios and expense control, the intelligent management of enterprise consumption expenditure is heavily empowered, the new concept of refined management of enterprise expenses is reshaped, and business processes, consumption scenarios, centralized procurement and consumption platforms are realized. At the same time, the wide application of new technologies such as AI, RPA and OCR in the expense control management system has realized the intelligentization of expense reimbursement and the automation of financial accounting, effectively relieved the pain points such as long reimbursement process, low accounting efficiency, expense budget overrun, and difficulty in compliance control, and realized the integration of consumption and expense control, business and finance, and taxation, which truly saved the worries of employees, empowered finance, and reduced costs and increased efficiency for enterprises.

Highlights of cost control management system

0 1 one-stop enterprise consumption integration

Set enterprise travel, welfare, conference, office, labor insurance, entertainment, vacation, centralized procurement and other consumption scenarios in one, build a one-stop management platform for enterprise consumption and expenses, and solve all kinds of products and services needed for enterprise consumption in one stop.

02 whole process cost control

Integrated budget, application, approval, consumption, control, reimbursement, settlement, accounting vouchers, input tax deduction, electronic files and other complete business scenarios. To achieve one-stop closed-loop and efficient management and control of the whole process of employee consumption and financial processing.

03 open supply chain platform

Help enterprises to achieve a highly autonomous and open supply chain integration and optimization platform, and provide a standard open interface, so that enterprises can choose various types of suppliers independently and flexibly according to their needs, so as to conduct independent bidding and management for multi-suppliers and multi-service providers.

04 summary price comparison mode

Establish a professional price comparison mechanism with one product and multiple suppliers on the same screen from the bottom, without jumping back and forth from multiple platforms, realize scientific price comparison procurement with minimum granularity, avoid killing big data, and empower enterprises to greatly reduce costs.

05 intelligent financial reimbursement

AI intelligent technologies such as OCR and RPA are widely used, which systematize, program and intelligentize a large number of repetitive, simple and standardized financial auditing and accounting work, and improve employee reimbursement experience and financial processing efficiency by simplifying operations.

06 fine control

The travel management system is embedded in the platform, which sets various expense standards in different consumption scenarios in detail and supports the free combination of various control schemes. The control can be strong or weak, and one person, one thing and one standard can be achieved.

Flexible operation mode

Innovatively introduce the purchasing concept of "contracting for work but not materials" in the decoration field, and initiate the separation mode of supply and service. Enterprises can flexibly choose light operation, heavy operation or comprehensive operation according to actual demand and capital flow to ensure the efficient operation of the platform.

08 humanized experience

Innovative platform experience models, such as flexible standards, self-payment for exceeding the standard, self-saving, personal reasons, family benefits, credit reimbursement, etc., promote and attract employees to actively participate in the process of travel expenses control.

References:

Yi Sheng technology? A comprehensive cost control management system effectively empowers the digitalization of enterprise cost management.