Since the outbreak of the epidemic, business operations in general have been seriously affected, and in this special period, enterprises need to find ways to "tighten their belts", in which the use of technology to reduce costs and increase efficiency is a wise choice.

Zheshang Bank closely follow the new development pattern, the external output technology, enhance internal management efficiency, and enterprises **** overcome the difficulties. Its independent research and development of a SaaS-based fee control software - minimal reimbursement, on the full use of blockchain technology in the data confidentiality and *** enjoyment of the advantages, to achieve a multi-dimensional simplification of the reimbursement process, which can reduce the financial reimbursement of about 20% of the enterprise reimbursement work, to shorten the reimbursement cycle by 30%, to help the enterprise to reduce costs and increase efficiency.

As we all know, blockchain technology is one of the most promising technologies in recent years, and this ****shared distributed database technology is mainly applied in the fields of finance, public ****services, information security, Internet of Things, supply chain, etc. Through smart contracts, it achieves the purpose of data openness and transparency, tamper-proof, and peer-to-peer transactions to enhance efficiency. During the epidemic, the gradual landing of the blockchain application, has been in the past on the basis of practical exploration, more in-depth penetration into all aspects of the work and life of enterprises and individuals.

For example, Zheshang Bank independently developed a SaaS-based expense control software - minimal reimbursement, and took the lead in trying blockchain technology in payment, successfully utilizing the advantages of blockchain technology in data confidentiality and **** enjoyment.

Specifically, the reimbursement business of Minimal Reimbursement automatically generates a payment list through document submission and approval, and registers the generated pending payment list data to the blockchain platform. The blockchain platform ensures the reliability, security, and non-tampering of the data to be paid through digital signatures, encryption algorithms, and *** knowledge mechanisms. At the same time, customers can obtain the payment list data directly from the blockchain platform and store it in the way of data signature to the direct connection system of banks and enterprises for payment, so as to realize the payment list data*** enjoyment between banks and enterprises.

Not only that, based on blockchain technology, Simple Reimbursement can subsequently build a business travel alliance chain with banks, enterprises, airlines, catering companies, etc. Through the blockchain distributed ledger features, it can realize the data*** enjoyment between different industries and enterprises, simplify the reimbursement process to a greater extent, and ultimately achieve the goal of helping customers to enhance their expense management capabilities and realize cost reduction and efficiency.

Enterprises in the process of expense management, more or less will encounter the process is not fluent, offline operation is cumbersome and other issues. The minimalist reimbursement allows employees, financial officers and enterprises to enjoy the efficiency and convenience of all three parties. It has a number of functional highlights, and listen to me one by one:

For employees, when traveling, using the car, purchasing, dining, no longer need to advance, invoicing, reimbursement of the trouble.

For financial staff, minimal reimbursement also maximizes the convenience of work for financial staff. It can be said that the full scanning and automatic invoice checking functions are the favorite of both employees and finance. Among them, the full scanning support staff reimbursement link directly uploaded invoices and other attachments, so that enterprises will not need to set up a special scanning staff or purchase scanning equipment, electronic material storage, access to the heart and convenient. At the same time, the system automatically checks that the financial staff no longer need to worry about the authenticity of the invoice.

For enterprises, Simple Reimbursement is a "data warehouse" that provides useful information for management decisions. As a large collection of enterprise expense data, SimpleReimbursement has a huge amount of data that can generate multi-dimensional expense analysis reports, advance booking statistics reports, input tax accounting detail reports, employee transaction reports, and so on, which can really help the enterprise to make management decisions.

Open banking has gradually become the direction of digital transformation of commercial banks. In recent years, Zheshang Bank has been actively promoting the platform service strategy to create a comprehensive service platform of "technology + finance + industry + customer", and internal management technology has been gradually exported to the outside world.

It is understood that the minimal reimbursement, as a free fee-control product provided by Zhejiang Commercial Bank for strategic customers, has hundreds of thousands of individual users, customers covering manufacturing, service industry, trade enterprises, financial industry, construction, Internet, hospitals and other industries, the use of the enterprise listed companies, central enterprises, city commercial banks and other large, medium and small enterprises.

From the customer feedback, the use of minimal reimbursement has been widely recognized. In the case of a city bank, for example, the original paper-based application model, irregular business travel booking channels, and offline flow of the approval process have all been enhanced in multiple ways by automation technology in the Simplified Reimbursement, which reduces reimbursement for the enterprise by more than 20%, shortens the reimbursement cycle by 30%, and significantly improves employee satisfaction. The system's budget management module supports multi-dimensional settings, controls the enterprise budget, automatically generates accounts, and provides more decision-making information for financial staff and managers.

Another example is a listed company that is plagued by cumbersome matters such as paper approvals, invoice checking, manual accounting, etc. Minimal reimbursement greatly enhances the leadership's approval efficiency through online mobile approvals, automatic invoice checking, and automatic generation of accounts by the system, etc. The system's automation and process reengineering reduces the workload of the basic financial work by about 40% or so. Finance can also report departmental expenses and reimbursement invoice exceptions to the leadership through data reports. ( Jinwen )