How can enterprises in the high-end manufacturing industry implement the Leqi output VAT invoice platform?

① The Kailing output VAT invoice platform connects with mall sales information, allowing business personnel to apply for invoicing within preset system rules, and finance to review online and automate invoicing; ② The Kailing input VAT invoice platform connects with mall purchase information, completing automatic reconciliation of input VAT invoices with purchase orders and automatically generating payable vouchers after financial confirmation; ③ Complete matching and compliance checks of output and input VAT invoices, building an integrated business-finance-tax service platform.

What problems existed before CRRC launched input and output invoice management?

① The workload of output VAT invoice reconciliation is heavy, and there is no effective management and monitoring mechanism, creating tax and management risks; ② The workload of input VAT invoice write-off is heavy, and invoice details need to be manually matched and written off line by line with purchase order data, resulting in low efficiency; ③ Input and output VAT invoices cannot be interrelated with the business-finance system for integrated data management.

How long was the implementation cycle of CRRC's input and output invoice management project, and what were the results after launch?

Implementation cycle is about 60 working days. System go-live is completed within 60 working days; automatic output VAT invoicing, automatic input VAT write-off and generation of payable vouchers, automatic matching of input and output invoices, compliance detection, eliminating tax and management risks from reconciliation, and achieving business-finance-tax integrated data management.

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High-end manufacturingInput and Output Management

CRRC · Rail transit equipment

CRRC | Business-finance-tax integrated collaboration for 170,000 employees

60 working daysLaunch cycle

46 companiesSubsidiary

Enterprise overview

CRRC was formed by the merger of China CNR and CSR on a reciprocal basis, is listed on both A and H shares, has 46 wholly owned and controlled subsidiaries and more than 170,000 employees, and is headquartered in Beijing. Informatization status: ZTE financial sharing system, self-developed mall system, electronic tax bureau/black disk/white disk invoicing software.

Business pain points

Output invoicing reconciliation workload is heavy, with no effective management and monitoring mechanism, creating tax and management risks;
Heavy workload for input VAT invoice write-off; invoice details need to be manually matched and written off line by line against purchase order data, resulting in low efficiency;
Input and output VAT invoices cannot be linked with business-finance systems for integrated data management.

Solutions

Kailing output VAT platform connects with mall sales information, allowing business personnel to apply for invoicing within preset system rules, and finance to review online and automatically issue invoices;
Kailing input platform connects with mall purchase information to complete automatic reconciliation of input VAT invoices with purchase orders, and automatically generates accounts payable vouchers after financial confirmation;
Complete input-output VAT invoice matching and compliance detection, building a comprehensive business-finance-tax integration service platform.

Results achieved

Complete system go-live within 60 working days
Output automatic invoicing, input automatic write-off and generation of payable vouchers, automatic matching of output and input, compliance detection, eliminating tax and management risks brought by reconciliation, and achieving integrated business-finance-tax data management