How can enterprises in the energy and environmental protection industry implement the Ling Shui Tong input VAT invoice management system?

Move budget control forward to the pre-application stage, completing budget occupation upon application, with overspending intercepted at submission; after employees upload invoices on mobile, they are automatically recognized, verified, checked for duplicates, and bound to reimbursement forms, so finance only handles exceptions; connect the reimbursement, payment, and voucher generation chain, with expense data automatically collected by project and department.

What problems existed before State Grid International Financing Lease launched input and output invoice management?

Procurement along the business chain involves equipment, engineering construction, operation and maintenance services, energy and power, and professional outsourcing, with both large engineering contracts and high-frequency small operation and maintenance and consumables procurement, and invoice amounts and frequencies span widely; reimbursement processes and budget control each go their own way, and finance only discovers that expenses have exceeded the budget after employees submit; cost overruns can only be discovered after the fact, and the budget loses its ex-ante binding force.

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Energy and Environmental ProtectionInput and Output Management

State Grid International Financing Lease · A financing lease company under State Grid

State Grid International Financing Lease | Input VAT Invoice Risk Review Platform

Risk reviewBuild objectives

State GridShareholder Background

Enterprise overview

State Grid International Financing Lease Co., Ltd. was established in 2011 and registered in the Dongjiang Bonded Port Area of the Tianjin Pilot Free Trade Zone. It is a wholly owned enterprise of State Grid Corporation of China, formerly known as Yingda Huitong Financing Lease Co., Ltd. The company mainly provides financing lease and commercial factoring services to enterprises in the power grid construction and power energy industry chain, covering green finance projects such as direct leasing of wind power and energy storage equipment and distributed photovoltaics, with business covering major domestic and international power grid projects and the construction of "sand, gobi and desert" energy bases. In 2024, its asset scale exceeded 200 billion yuan, ranking fourth in the national financing lease industry and first in the energy and power sector.

Business pain points

Procurement along the business chain involves equipment, engineering construction, operation and maintenance services, energy and power, and professional outsourcing, with both large engineering contracts and high-frequency small operation and maintenance and consumables procurement, and invoice amounts and frequencies span widely. Reimbursement processes and budget control each go their own way, and finance only discovers that expenses have exceeded the budget after employees submit. Cost overruns can only be discovered after the fact, and the budget loses its ex-ante binding force
Invoice verification relies on manual experience, audit pressure is concentrated at month-end, and it is difficult to cover all items. Budget, application, reimbursement, and invoice data are scattered across different steps, and expense attribution and budget execution require manual assembly to see clearly. Regulatory requirements for expense expenditure vouchers are tightening, and invoice non-compliance directly affects pre-tax deduction

Solutions

Move budget control forward to the pre-application stage, completing budget occupation upon application, with overspending intercepted at submission
After employees upload receipts on mobile, they are automatically recognized, verified, checked for duplicates, and bound to the reimbursement form, so finance only needs to handle exceptions
Connect reimbursement, payment, and voucher generation links, with expense data automatically collected by project and department
Ultimately achieving linkage of four types of data—budget, application, reimbursement, and invoices—so that expense execution can be checked at any time
At the same time, expense data is accumulated into analyzable dimensions, providing a basis for budget preparation and execution review