1. | Difficult to retrieve the budget availability online |
2. | Difficult to standardize the approval process with the rapid growth of the company |
3. | Unable to generate marketing analysis on budget allocation |
4. | High operation and administration costs to maintain the collaborated data between two isolated systems for workflow and accounting |
5. | Transaction delay between two isolated systems |
1. | Global Employees: 200,000+ |
2. | Global Revenue: US$3b+ |
3. | Country: Hong Kong |
4. | A leading global electronics brand |
1. | Workflow Management |
2. | Financial Management |
3. | Financial Query |
1. | Cyclical budgeting control (yearly, quarterly, or monthly) |
2. | Budget availability check for procurement requests involving budget-controlled accounts |
3. | Escalations in the approval process for exceeding budget availability |
4. | Supplementary work processes for budget adjustments, with approval for increasing the budget |
5. | Automatic update of accounting module with approved budget increases |
6. | Retrieval of updated budget balance through a financial query tool |
7. | Data exchange from accounting module including analysis, account codes, payment terms, etc. |
8. | Automated voucher generation based on different settlement scenarios after payment completion |
1. | Unify user experience across procurement systems |
2. | Improve control and monitoring of purchase requests |
3. | Reduce transaction delays by integrating with the accounting system |
4. | Enhance budgeting control for better management decisions |
5. | Improve resource utilization through analytical reports on department and category budget allocation |
6. | Streamline collaboration and boost productivity with tight accounting system integration |
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