Shulou(Shulou.com)11/24 Report--

Recently, the special forum of Huawei full connection Conference 2023 "WeLink + Huawei Cloud Travel, start a New Journey of Digital Intelligence connection" was solemnly held at the Shanghai World Expo Center. Hesi founder and CEO Ma Chunquan was invited to share the theme of "cost control + deep integration of travel to open up a new situation for enterprises to reduce costs and increase efficiency".

Ma Chunquan said that the "2023 expense Control and Travel trend Analysis report" jointly released by the Future Financial personnel Research Institute and Hesi shows that real economic activity has increased significantly after the end of the epidemic, and business and travel transactions have shown a blowout trend. " Behind the rise in volume and price, enterprises are caught in an infinite entanglement of business development and cost control. Huawei Cloud and Hesi jointly launched the "Huawei Cloud Travel Management and expense Control Integration solution", which provides full-dimensional support for enterprises in the aspects of safety compliance, lean management, cost reduction, efficiency and smart travel-- helping the financial staff of the enterprise. business staff are liberated from the complicated work of reporting and bookkeeping, and all participate in the 'joint effort and saving' mode, so that enterprises can save more money. Let the whole process control beforehand, during and after the event, make it easier for the enterprise; establish a more agile and efficient organization, real-time data feedback, manage and operate under a finer granularity, so that business managers can worry more easily. "

The following is an on-site sharing record (streamlined):

01

Enterprises are caught in the "entanglement" of business development and cost control.

According to the 2023 expense Control and Travel trend Analysis report (hereinafter referred to as "the report"), from January to July 2023, total travel consumption increased by 220.11% year-on-year, 95.49% month-on-month (June 1, 2022-December 31, 2022), 160.40% year-on-year in terms of transaction volume, and 61.36% month-on-month (June 1, 2022-December 31, 2022). The increase of consumption amount is also significantly higher than that of single consumption, reflecting that the amount of single consumption is also increasing significantly. In addition, after the end of the epidemic, real economic activity increased significantly, with air tickets and trains growing at more than 260%, and meals at restaurants growing by more than 200% compared with the same period last year.

For most enterprises, the rising consumption price of travel brings more challenges to the internal control management. According to the report data, from January to July in 2023, whether compared with the same period last year or month-on-month, the number of over-standard orders of business consumption is significantly higher than that of consumer orders, which indicates that in the case of soaring prices, the over-standard phenomenon of enterprises is very obvious, and the risk of cost control is more prominent. In addition, in the management of travel or expense standards, 51.79% of enterprises have lowered their corresponding travel or expense standards, while only 13.69% have raised their corresponding travel or expense standards. On the question of "what is the change in the pressure on reducing costs and increasing efficiency compared with last year", as many as 68.07% of enterprises choose to be "bigger than last year", thus it can be seen that enterprises are generally facing the pressure of cost control and efficiency improvement.

An in-depth survey found that the biggest pain point for enterprises in the cost control scenario is the problem of efficiency. The report data show that "too many invoices and documents, and manual processing is too time-consuming" accounts for the highest proportion of feedback, reaching 32.49%; "lack of automatic control system". The feedback of low efficiency of manual verification accounts for 22.02%, with a total of 54.51%. In spite of this, the vast majority of enterprises are not lying flat, are actively looking for, trying to reduce costs and efficiency "physical fitness" of various tools or methods.

02

"Huawei Cloud Travel + Hesi" to create an integrated solution

How do enterprises make the "province" the king? In Ma Chunquan's view, Hesi uses cost control to enable enterprise travel and create an integrated solution, which can help enterprises truly achieve "province".

Entering the era of digital economy, digital intelligence is not only the change of technology, but also the upgrading of a way of thinking and management ideas. "Huawei Cloud Travel Management and expense Control Integrated solution" is based on the advantages of both sides to help enterprises realize full-link digital closed-loop from application, ordering, ticket inspection, reimbursement, payment, bookkeeping and archiving. to provide enterprises with one-stop travel management and "consumption is compliance, purchase is reimbursement" financial digital cost control, one click to place an order to enjoy the whole process of travel without reimbursement. Let employees achieve no advance for public consumption, no invoice, no bill of lading, so that the financial pressure can be released to the extreme.

The application of this scheme will help enterprises break the isolated islands of multi-system data such as travel booking, expense control reimbursement management and voucher management, and realize data interconnection; from the point of view of process optimization, enterprises can realize the whole process integrated closed loop from travel booking, ticket inspection, expense reimbursement, intelligent examination and approval, unified payment, financial accounting and data archiving. From the perspective of construction effect, it will reduce 75% of staff reimbursement time, 90% financial entry time, 100% legal compliance management of electronic invoices, and significantly reduce costs and efficiency, saving about 35% of the costs and expenses of enterprises.

03

80% increase in efficiency and 20% reduction in travel costs

Take a national 5A state-owned comprehensive logistics enterprise in Hesi East China region as an example, which is an innovative and project-based company focusing on transportation and operation safety technology research, product development and sales, with operations all over the country. part of the business is in remote areas. Therefore, it is more difficult to order hotel when employees travel, and it is more cumbersome to reimburse them afterwards.

Aiming at the pain control point of the enterprise, we seamlessly integrate Welink and Huawei Cloud Travel, and establish a digital system with "intelligent reimbursement as the core" to replace the traditional paper reimbursement mode, so as to realize the whole scene of business consumption without reimbursement. At the same time, Hesi can effectively avoid repeated reimbursement of electronic invoices and significantly improve the efficiency of reimbursement. Through the cost control of the whole process in advance, the compliance of enterprise financial management has been improved, and the reconciliation of enterprise financial personnel is more easy and efficient. In the financial accounting stage, Hesi also relies on its own strong connection ability, seamlessly docking with the enterprise's own ERP system, and automatically generates vouchers with one click, which greatly saves the workload of financial work. After the application of Huawei Cloud Travel Management and expense Control Integrated solution, the overall efficiency of the enterprise's overall travel, expense control reimbursement and project income and expenditure statistics has been greatly improved, with an 80% increase in overall efficiency and a 20% reduction in travel costs.

In the future, Hesi will continue to deepen cooperation with Huawei Cloud to jointly promote the high-quality development of industrial ecology. At the same time, in the era when the "province" is the king, it helps the enterprise to take the lead in the word "province", to be born to "number", to be "wise" and strong, to protect the healthy operation and development of enterprises, and to provide high-quality financial digital services for enterprise customers.

On October 12, you are cordially invited to attend the 2023 Future Finance Conference and fall product launch.

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