
China National Tendering International Tendering | Compliant invoice issuance for bid evaluation expert services
Enterprise overview
China National Tendering International Tendering Co., Ltd. was formerly China National Tendering Corporation, registered and established in 1994, and was restructured into a state-controlled limited company in 2008. The company's business covers international and domestic tendering projects for various goods, works, and services, involving government procurement, energy, automobiles, transportation, metallurgy, nonferrous metals, light industry, petrochemicals, medical and pharmaceutical, finance, electronic information and communications, environmental protection and municipal infrastructure, World Bank, Asian Development Bank, and foreign-funded loans, and other industries. The company was among the first to obtain Grade A tendering agency qualifications in five categories: engineering construction projects, international tendering, government procurement, central investment projects, and communications construction projects. Its controlled subsidiaries hold Grade A cost consulting qualifications and a security confidentiality filing certificate for military confidential business consulting services. In recent years, its average annual winning bid amount has exceeded RMB 200 billion.
Business pain points
- Expense settlements occur with external experts, lecturers, channel referrers, and part-time personnel, who are scattered across various locations and mostly engage in one-time cooperation. After labor fee settlement is completed, the handler needs to contact each person one by one to collect invoices, gather identity information, confirm amounts, and guide the other party through invoice issuance for individuals. Labor remuneration involves individual income tax withholding and remittance, and policies and filing bases vary across regions, making manual determination of the tax calculation method prone to errors
- When a single event involves many people, the invoice collection cycle is prolonged, directly affecting expense settlement and project closure. Offline invoice chasing requires dedicated manpower, and both response speed and coverage capability are limited, becoming a bottleneck for business scale expansion. Regulatory requirements for cost expenditure vouchers are tightening; expenses without invoices affect pre-tax deductions and also pose hidden risks in audits and compliance inspections.
Solutions
- Provide each individual with a convenient self-service entry, completing identity authentication, amount confirmation, and invoice application in a few steps, eliminating paper forms and offline submission
- The system automatically completes compliance review, invoice issuance, and push; managers can monitor the issuance status of each invoice in real time
- Invoices, payment transaction records, and business vouchers are automatically linked to build a complete business evidence chain
- Ultimately eliminating the manpower input for offline invoice delivery, with expense settlement and project closure cycles shortened simultaneously
- And enabling the enterprise side to keep track of invoicing progress and quota usage at any time, so expense settlement and project closure are no longer held up by invoice collection
