How can enterprises in the finance · professional services industry implement output invoicing?

Invoice folder photo capture, authenticity verification, duplicate checking, and compliance verification; image capture, paper document comparison, receipt, and archiving; input certification, deduction statistics, input tax transfer-out, and status monitoring.

What problems existed at Sino-Ocean Yijia before the launch of input-output management?

Invoicing relies on standalone white disk/black disk/UK manual single-invoice issuance; employee reimbursement invoice collection and verification are scattered; imaging and input VAT management are disconnected.

How long was the implementation period for Sino-Ocean Yijia's input-output management project, and what were the results after launch?

Implementation cycle is about 90 working days. Four systems—output VAT invoicing, employee invoice folder, input VAT invoice receiving, and imaging management—are implemented, covering integrated management of receipt and payment invoices for 282 tax numbers.

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Finance · Professional ServicesInput and Output Management

Sino-Ocean Yijia · Sino-Ocean Service · 06677.HK

Sino-Ocean Yijia | Integrated revenue and expenditure invoices for 282 tax numbers

282Total number of tax numbers in the group

79.4 million ㎡Area under management

Enterprise overview

Sino-Ocean Service was founded in 1997 and listed on the Main Board of Hong Kong in December 2020 (06677.HK). As of June 2022, contracted area was 122 million ㎡, area under management was 79.4 million ㎡, and 392 projects under management, covering 24 provinces and 84 cities, with 282 tax numbers nationwide (235 general taxpayers, 47 small-scale).

Business pain points

Invoicing relies on standalone white disk/black disk/UK manual single-invoice issuance
Employee reimbursement invoice collection and validation are scattered
Images are disconnected from input invoice management

Solutions

Invoice folder photo capture, authenticity verification, duplicate checking, and compliance verification
Image capture, physical document comparison, receipt, and archiving
Input certification, deduction statistics, input VAT transfer-out, status monitoring
The group edition output VAT invoicing platform connects with business systems, initiates invoicing based on contracts, and automatically issues and pushes invoices

Results achieved

Four systems implemented: output invoicing, employee invoice folder, input invoice collection, and imaging management, covering integrated management of income and expense documents for 282 tax numbers