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

From October 31 to November 2, Tong Peize, chief product architect of Hesi, shared the keynote speech of "Finance can also be object-oriented" at the "2023 Yunxi Conference" jointly sponsored by Hangzhou City Government, Economic and Information Department of Zhejiang Province and Alibaba Group.

He Si cooperates with PolarDB and other innovative technology products of Alibaba Cloud Database to jointly provide customers with "more efficient and economical" financial solutions by utilizing technology development dividends. Tong Peize said,"Based on the advantages of full-link products, Hesi has built a business-centered financial management solution for enterprises. Firstly, it helps financial personnel and business personnel to liberate themselves from complicated accounting and accounting work without reimbursement and accounting automation; Secondly, it realizes comprehensive compatibility with the mixed era of paper and electricity through the single-set system of combined thinking files, so as to make the transition period go more smoothly; Third, through various scenarios covering enterprise income and expenditure by changing business cards, payment and collection, optimize the whole financial process of enterprises in combination with the new characteristics and new situation of digital bills in the era of digital bills; Fourth, through object accounting and joint BI, the revenue and expenditure data precipitated in the whole process can be integrated, and the operation effect can be presented in real time on the micro and macro levels respectively, so that everyone is an operator and the consensus decision-making cost of the enterprise can be further reduced. "

The following is a record of Tong Peize's speech (abridged)

01

Object Accounting, Improving Enterprise Economic Benefit with Fine Management

In October this year, Future Financial Research Institute, Intelligent Finance Joint Laboratory of Peking University Information Research Institute and Hesi jointly released the white paper "Research on Object Accounting under AI New Paradigm," which put forward the theory of "Object Accounting" for the first time. For the digital transformation of enterprise finance, the value of object accounting is very important. It will not only improve the management efficiency, reduce risks, improve performance and enhance decision-making ability of enterprises in the field of future enterprise management, but also support enterprises to realize their strategic and operational objectives and contribute to the sustainable development and economic benefit promotion of enterprises.

What is an object? In our work, no matter facing a matter or a responsibility center, we can define it as an "object" and study the income, expenditure, profit and loss and value creation of this "object" through accounting methods. In object-oriented analysis, we take things and phenomena in the real world as research objects and abstract them into "objects" for modeling and research. In the field of accounting, the subject to be studied can also be regarded as an "object" and its income and expenditure gains and losses and value creation can be studied.

The core of object accounting is objectified description and analysis of enterprise economic activities and value movement. Through fine granularity decomposition and flexible combination association of economic activities, fine management of enterprise value movement can be realized. This process involves not only accounting, but also accounting analysis, accounting inspection, accounting forecasting, accounting decision-making and accounting control. These methods are independent of each other and cooperate with each other to form a unified method system. In order to better adapt to the development of market economy, we need to construct a brand-new management accounting theory-object accounting. Object accounting is a method to construct intelligent accounting platform by drawing lessons from object-oriented analysis method to abstract entity world. Through object accounting, enterprises can manage their economic activities and the value movement of the responsibility center better, and their economic benefits will be improved accordingly.

Enterprises need to apply the theory of object accounting to practical work. Through continuous exploration and practice, and constantly improve the theory and practice system of object accounting, we study the revenue and expenditure gains and losses of each action, behavior and transaction that create profits, and then summarize them to the revenue and expenditure gains and losses of each responsibility center that distributes profits. According to this set of theories, we construct the revenue and expenditure management platform of Hesi in a digital way, and empower each operator in the decentralized system of organization, so that their decision-making and management have sufficient data support and digital support, and become the future financial person who creates the second enterprise.

02

Think together on the "Save More" plan to make enterprises save more than they save

Digital tools with "object accounting" as the core make enterprise financial management really clear, transparent and controllable. In the view of Hesi, saving money must involve all staff; saving trouble must optimize the whole process; saving worry must be broken into pieces. As an agile financial revenue and expenditure management platform, Hesi helps enterprises save money, save trouble and worry through object accounting.

First of all, help enterprises save money by "full participation". Under the general environment of slowing economic growth, from the perspective of enterprise operators, cost minimization is the only way. Enterprises need to let every employee have such thinking and behavior, so that the profits of the enterprise and personal interests are related. "More economy" cannot rely solely on finance itself. Every member of the organization and every partner outside the organization are the forces that the enterprise can and should unite with. Based on this, on the basis of agile financial revenue and expenditure management solutions, Hesi "more savings" plan launched "joint efforts to save, buy expensive compensation, bank compensation".

● Heli Province: When purchasing any product of Hesi, Hesi Mall will set reward red envelope pool for enterprises according to proportion to encourage employees to actively reduce business consumption cost, and enterprises do not need to pay out of their own pockets;

● Buy expensive compensation: select products to buy expensive compensation, so that each consumption of the enterprise can be more assured;

● Bank supplement: Double subsidy rights of Hesi products and bank treasury products can be obtained through Hesi's bank ecological connection designated treasury system.

Second, it helps enterprises to optimize the whole process of "saving trouble." Take a business trip without reimbursement as an example. After filling in the application, employees can directly spend online in Hesi Mall. When placing an order, the system will check in real time whether the consumption exceeds the budget and whether it exceeds the cost standard; Hesi Mall also provides real-time price comparison on the same screen for employees and recommends similar services at lower prices; after the order is completed, employees can travel happily; after the travel, employees do not need to fill in bills, let alone paste invoices. While freeing employees without reimbursement, it also highly automates the most painful and time-consuming invoices, reconciliation, settlement, bookkeeping and other links of financial personnel. More than 90% of invoice work is saved, and the financial input in bookkeeping is almost zero. Invoice automation, automation, accounting automation, truly liberate hands, release people's creativity.

Third, help enterprises "break up into pieces" worry. Through the concept of object accounting and the analytical ability of Hesi BI, Hesi empowers each employee and the entire organization to flexibly track, account and control each business entity. Through the business object capabilities of Synthos, enterprises can easily build more complex and multi-layered accounting structures. On any level of objects, enterprises can set object-oriented control rules to ensure that the operation of each profit-creating entity or profit-distributing entity is on a reliable profit and loss line, thus realizing more detailed management.

From a macro perspective, these revenue and expenditure data will be automatically captured by Hesi BI to form a real-time financial data set. Then through low-code, drag and drop way, without programming can build a variety of data reports. Finance no longer needs to use Excel to move data between various systems, and there is no need to worry about the management report at the end of the month; from a micro level, we can help enterprises achieve ROI accounting through object accounting.

Create an organization-wide, real-time revenue and expenditure panorama through Think BI. At this point, from the front-line store manager, project manager, to the region, branch, to the senior management, CEO, the whole organization shares the same financial data. Everyone's contribution can be accounted for, can be transparent layer upon layer, everyone is an operator.

Based on object accounting, the "More Savings" program not only empowers every financial person, but also empowers everyone within the organization and every partner outside the organization, making everyone an operator and helping the enterprise truly achieve cost reduction and efficiency.

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