What are the characteristics of the Intelligent Cost Control 4.0 model?

The Intelligent Expense Control 4.0 model is based on the expense control engine, overturning the management blind spots in the past where enterprises relied on systems and manpower to customize expense policies according to the different characteristics of different scenarios. It is deeply in line with the enterprise's management ideas and allows flexible configuration and personalization. The expense management model sets the expense management processes and standards in different scenarios in a linear manner, digitally simulates and presents complex and changeable expense management scenarios, and deeply integrates them with consumption scenarios to ensure the full process before, during and after consumption. Embed control nodes in the system to make forward-looking judgments and interventions on the authenticity, rationality, and compliance of expenses, thereby simplifying subsequent financial processing processes.

Eight subversive features of the Intelligent Cost Control 4.0 model:

The first open supply chain. Smart Cost Control 4.0 breaks away from the embarrassing situation of being bound and constrained by the substantial monopoly formed by a single supply channel, breaks the situation through competition, and creates an open supply chain. Enterprises can independently expand consumption scenarios according to their own needs without being restricted by platform service providers. Introduce various high-quality supplier resources and regain management autonomy.

The first consumer centralized purchasing mall. Employees' casual purchasing has always been the source of difficulty in managing expenses. The shift in consumption scenarios has transformed employees' scattered purchasing into centralized consumption, and private reimbursements have been transformed into public payments. In the centralized purchasing mall, employees can not only complete work-related consumption conveniently in one stop, but also do not need to advance funds or manage invoices generated by consumption, and the reimbursement experience has been greatly improved.

The first aggregated price comparison. Intelligent Cost Control 4.0 gives price comparison three meanings: same screen, multiple supplies of one product, and granularity. On the same screen, that is, employees do not need to jump to multiple platforms and can make price comparisons only on the same screen; the determination of "one product" between different suppliers is the basis for price comparison; the smaller the granularity of the same conditions at the same latitude, the higher the price. Transparency and price comparison are more valuable.

The first separation of supply and service. Intelligent expense control 4.0 subverts the traditional integration of supply and service. Suppliers focus on product and price optimization, and service providers focus on services, undertaking operational work such as funds, reconciliations, and settlements, and solving the financial settlement pressure caused by the shift from private reimbursement to corporate settlement. The crux of the problem that cannot be effectively released allows enterprises to aggregate multi-supplier price comparison procurement models to successfully and continuously operate.

Achieve full-process cost control. Traditional enterprise expense control is centered on the circulation of bills and money. Intelligent expense control 4.0 is based on scenario integration, integrating corporate consumption scenarios and expense control platforms to achieve refined management and control of the entire process before, during and after the event, and improve employee consumption. Compliance, reasonableness of expenses, and authenticity of business are completely synchronized, transparent and controllable.

Achieve refined cost control. Intelligent Expense Control 4.0 uses the expense control engine to completely simulate every scenario in which corporate expenses occur, and set the standards for various expenses in different scenarios, different forms corresponding to different processes, and corresponding expenses under different standards in a refined and linear manner. Many management and control parameters, such as the scope of application, realize software-based and process-based cost control policies, directly reaching the nerve endings of scene management.

Achieve intelligent cost control. The Intelligent Expense Control 4.0 model is based on RPA and uses NLP, OCR, ML and other auxiliary technologies to launch IPA robots in customer service, reimbursement form pre-review, invoice identification and signature comparison, payment, accounting, archiving and other aspects, reshaping The boundary of human-machine collaboration allows digital employees and intelligent assistants with powerful deep learning capabilities, computing power and response capabilities to move from behind the scenes to the front desk.

Achieve cost control for all employees. Intelligent Expense Control 4.0 proposes innovative consumption experience models such as savings that can be attributed to oneself, excesses that exceed the standard can be paid out of pocket, private matters can be resolved, credit can be reimbursed, benefits benefit family members, etc., all of which are based on human nature and activate employees to actively participate in the corporate expense control process. , effectively realizing the dual cost control performance of passive management and active control.

Extension:

The hair mask process of Intelligent Expense Control 4.0 model

Enterprise expense management arises from the continuous operation of the enterprise and evolves with the upgrading of enterprise management. Focusing on two core dimensions: whether consumption scenarios are included in the expense control platform and whether the financial expense control process is reshaped by intelligent technology, the evolution of the enterprise expense control model is clearly delineated:

In In the era of manual reimbursement 1.0, the management of employees’ spending behavior and transaction objects was extremely extensive, and the finance department could only manually review the bills afterwards.

In the 2.0 online reimbursement era, consumption scene management and control have not changed much. The online reporting system based on ERP transformation has improved financial efficiency, but it still focuses on post-event management and control.

Enter the 3.0 mobile reimbursement era, the rise of mobile reimbursement SaaS, and the application of intelligent technologies such as OCR and RPA have greatly improved the efficiency of financial reimbursement. However, in-process consumption can only be achieved by jumping to a third party, and in the case of business travel Scenarios are the main focus, and consumption scenarios are still outside the cost control system.

In the 4.0 era of intelligent expense control, we go beyond financial reimbursement and redefine platform and integration from a management perspective. Integrate consumption scenarios into the expense control platform, and complete the full coverage of consumption scenarios such as corporate travel, welfare, conference affairs, tourism, team building, and collective procurement, control the occurrence of expenses from the source of consumption, and finally form a comprehensive plan that covers before, during, and after the event. The closed loop of full-process expense control realizes the deep integration of the entire consumption scenario and the entire expense control process. At the same time, AI+RPA artificial intelligence is deeply applied to recreate scenarios with technology, break through data barriers in the three major fields of business, finance, and taxation, and then reshape the enterprise expense control process.

The hair mask process of the Intelligent Cost Control 4.0 model

Summary: The Intelligent Cost Control 4.0 model takes the lead in elevating humanized experience to the level of product design concept, targeting employees, department managers, Various functional roles such as administration, finance, procurement, system managers, and enterprise managers should be given full humanistic consideration in their respective process role positioning, while pursuing basic goals such as efficiency, convenience, rigor, and compliance. On top of that, the expense control platform has been turned into a tool and life-style, close to the values ????and behavioral performance of employees in the mobile Internet era, and innovative consumer experiences such as self-payment for excess standards, credit reimbursement, saving for oneself, and personal connections have been improved from efficiency improvements and consumption patterns. , reimbursement experience and other dimensions to seek a balanced development between enterprise expense management and employee humanization, promote and attract employees to actively participate in the enterprise expense control process, change the passive "must use" to the active "like to use", and use employees to actively participate in the enterprise expense control process. Experience activates employees' subjective motivation and strengthens cost reduction effects.

Reference materials: 1 Shengyi Technology's "White Paper on the Development of Expense Management of Chinese Enterprises" was released, Shengyi Technology reshapes expense management to a new level

2 Shengyi Technology? Highlights | Quick overview of the article "White Paper on the Development of China's Enterprise Expense Management in 2022"