The overall expense rate of A-share main board enterprises has shown an upward trend since 2016, rising from 20.6% to 26.5% in 2020. Enterprises are facing the dilemma of high expense rate, and it is urgent to improve the fiscal and tax management ability through technical means to reduce the expense rate. At present, among the information technologies that affect accounting practitioners, financial cloud still ranks first in the support rate, followed by electronic invoice. At the same time, the support rate of electronic archives has increased the most over the previous year, and currently ranks fourth. These three technologies deserve special attention.
At present, the enterprise tax environment has been comprehensively shrouded by digital supervision. With the arrival of the fourth phase of golden tax, the supervision of business by regulators has been extended to "non tax" business, and the data communication with various ministries and commissions, the people's Bank of China and other institutions has been realized. If the digitalization of corporate financial governance fails to follow up the increasingly strict regulatory requirements, it may not meet the compliance of basic operations in the future.
From the perspective of key technologies, the promotion of e-invoices and E-archives policies has been strengthened. E-invoices have been in the implementation stage of national comprehensive development, and the construction of E-archives has also been strongly supported by policies. The planning requires all national archives above the municipal and prefecture level to have the ability to receive E-archives, Enterprises need to accelerate the electronic process of invoices and archives to meet policy requirements and regulatory trends.
Expense management is an important module of enterprise financial governance. The main reason for the problem of expense management lies in the lack of current digital management ability of the enterprise. When applying the expense management system, we need to deal with thorny problems such as long financial audit cycle, slow processing of reimbursement, scattered branches and difficult unified and standardized management of expenses.
