How can enterprises in the finance · professional services industry implement fully digitalized e-invoice technology development services?

Achieve centralized management and full lifecycle tracking of input invoices, with the status of each invoice from entry to archiving queryable at any time; move authenticity verification, deduplication, and compliance checks forward to the invoice receipt stage, intercepting anomalies before booking to avoid subsequent input tax transfers; establish multi-dimensional aggregation capabilities by project, department, and supplier, so cost accounting and expense attribution no longer rely on manual splitting.

What problems existed before Cheche Technology launched input and output invoice management?

Costs mainly occur in professional service procurement, travel and entertainment, premises and office, and technical systems and outsourced consulting, with many expense entries, a wide range of single amounts, and the need to be collected separately by project and entity; input VAT invoices are scattered among departments and handlers, uniformly submitted to finance at month-end, and finance centrally completes entry, authenticity verification, duplicate checking, and certification within the closing window, with the processing pace entirely driven by the invoice arrival pace; manual entry itself is a source of errors, and one entry error propagates along certification, deduction, and vouchers.

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Finance · Professional ServicesInput and Output Management

Cheche Technology · listed insurtech company

Cheche Technology | Fully digitalized e-invoice transformation for insurance transaction scenarios

28 provincesCoverage scope

InsurtechIndustry attributes

Enterprise overview

Founded in 2014 and headquartered in Beijing, Cheche Technology is a technology company focused on R&D of insurance digital intelligence technology. With an intelligent connected vehicle insurance platform as its core, it provides end-to-end full-cycle insurance digital intelligence solutions for new energy vehicle manufacturers, internet companies, insurance companies, automotive aftermarket groups, and insurance agencies, and can connect to thousands of insurance products such as auto insurance, health insurance, and accident insurance. The company has established 130 service institutions in 28 provinces, autonomous regions, and municipalities, with R&D centers in Beijing and Guangzhou, and listed on the Nasdaq in the United States through a SPAC merger in September 2023 (CCG).

Business pain points

Costs mainly occur in professional service procurement, travel and entertainment, premises and office, and technical systems and outsourced consulting, with many expense entries, a wide range of single amounts, and the need to be collected separately by project and entity. Input VAT invoices are scattered among departments and handlers, uniformly submitted to finance at month-end, and finance centrally completes entry, authenticity verification, duplicate checking, and certification within the closing window, with the processing pace entirely driven by the invoice arrival pace. Manual entry itself is a source of errors, and one entry error propagates along certification, deduction, and vouchers
Supplier invoicing status cannot be grasped in real time, and enterprises can only passively receive notifications after risks occur. Invoice arrival times are disconnected from business occurrence times, erupting in a concentrated way before month-end closing
Whether an invoice is voided, red-ink reversed, or already reimbursed repeatedly can only be compared by manually checking records, and cannot cover the full volume
Anomalous invoices often only surface at the certification stage, by which time payment has been made and the business is closed, making recovery difficult. After China Golden Tax Phase IV, tax comparison tends toward full quantification; once the authenticity and compliance of input invoices have problems, they directly affect deduction and cost recognition, and the frequency of enterprises being questioned by tax authorities increases noticeably

Solutions

Achieve centralized management and full lifecycle tracking of input invoices, with the status of each invoice from entry to archiving queryable at any time
Move authenticity verification, duplicate checking, and compliance validation forward to the invoice collection stage, intercepting anomalies before booking to avoid subsequent input tax transfers
Establish multi-dimensional collection capability by project, department, and supplier, so cost accounting and expense attribution no longer rely on manual splitting
Ultimately forms an auditable input VAT data foundation, enabling instant retrieval during tax inspections and internal audits
And enabling business, finance, and tax to work on the same set of data, so business initiation, financial review, and tax compliance no longer each use their own standards