How can enterprises in the finance · professional services industry implement an intranet privatized input-output invoice management platform?

Input VAT invoice management platform and OCR recognition service platform deployed privately on the intranet, integrated with Seeyon OA and Yonyou NC, optimizing the full process of corporate payments/employee reimbursements/financial bookkeeping; the output VAT invoice management platform and Hengsheng business platform use database intermediate tables to achieve invoice issuance/callback/push, automatically sending PDF/OFD/XML in three formats to customer emails and archiving locally.

What problems existed before Northern Trust launched input-output management?

After China Golden Tax Phase IV, all invoices received are fully digitalized e-invoices, and both corporate payments and employee reimbursements require system support for the full process of collection/verification/bookkeeping/archiving; regulated by the CBIRC and CSRC, data confidentiality requirements are extremely high, all systems must be deployed on the intranet, and the input VAT platform and OCR must be privatized on the intranet to avoid information leakage; Hengsheng has large transaction data and a large monthly invoicing volume, requiring the invoicing platform to be directly connected to Hengsheng for automatic issuance.

What results were achieved after Northern Trust's input-output management project went live?

Fully private intranet deployment of the business-finance-tax system, meeting financial regulatory confidentiality requirements; fully digitalized e-invoices are automatically issued, pushed in three formats, and archived locally.

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Finance · Professional ServicesInput and Output Management

Northern Trust · State-controlled financial institution

Northern Trust | Private deployment of business-finance-tax system on intranet

Intranet privatizationInput VAT platform

3 formatsPDF/OFD/XML

Enterprise overview

Northern International Trust Co., Ltd. was founded in 1987 and is a state-controlled non-bank financial institution mainly engaged in trust business, operating various trust, own-fund investment and financing, and financial advisory businesses. It is headquartered in Tianjin and uses Hengsheng asset trading system, Yonyou NCC, and Seeyon OA for informatization.

Business pain points

After China Golden Tax Phase IV, all invoices received are fully digitalized e-invoices, and both corporate payments and employee reimbursements require system support for the full process of collection/verification/bookkeeping/archiving
Supervised by the China Banking and Insurance Regulatory Commission and the China Securities Regulatory Commission, with extremely high data confidentiality requirements; all systems must be deployed on the intranet, and the input VAT platform and AI OCR must be privatized on the intranet to avoid information leakage
Hengsheng has large transaction data and a high monthly invoicing volume, requiring the invoicing platform to connect directly with Hengsheng for automatic issuance

Solutions

Input VAT invoice management platform and OCR recognition service platform deployed privately on the intranet, integrated with Seeyon OA and Yonyou NC, optimizing the full process of corporate payments/employee reimbursements/financial bookkeeping
The output VAT invoice management platform and Hengsheng business platform realize invoice issuance/return/push through database intermediate tables, automatically sending PDF/OFD/XML in three formats to customer emails and archiving locally

Results achieved

Fully private intranet deployment of the business-finance-tax system, meeting financial regulatory confidentiality requirements
Automatic issuance of fully digitalized e-invoices, three-format push and local archiving