How can enterprises in the high-end manufacturing industry implement an intelligent project input invoice matching management platform?

Launch the input VAT invoice intelligent matching management platform: OCR recognizes invoice information for all invoice types and automatically captures purchase order and goods receipt data from ERP; built-in matching rules engine automatically compares materials, quantities, amounts, and other information between invoices and orders/goods receipts, with real-time alerts for discrepancies; invoices that fail matching are automatically pushed to procurement for verification, supporting online price adjustment and supplementary orders to complete the closed loop.

What problems did Tongfu Microelectronics have before launching input and output invoice management?

Three-document matching is entirely manual; purchase orders, goods receipt notes, and input VAT invoices must be checked one by one manually by finance staff, taking over 15 minutes per invoice, with an average monthly backlog of over 20,000 documents awaiting matching; invoice returns and reissues caused by inconsistent three-document information (such as quantity and unit price discrepancies) extend the average settlement cycle to 45 days, affecting supplier cooperation stability; the ERP procurement module and the invoice system are not connected, making it impossible to obtain order status in real time and making abnormal document tracing difficult.

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

Implementation cycle is about 2 months. Three-way document verification shifts from manual item-by-item to automatic system matching, with abnormal items pushed in a targeted manner for closed-loop handling; the invoice pool and matching status are queryable in real time, and the settlement cycle and supplier collaboration efficiency improve simultaneously.

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High-end manufacturingInput and Output Management

Tongfu Microelectronics · Listed semiconductor packaging and testing enterprise (002156)

Tongfu Microelectronics | Intelligent three-document matching, eliminating 15 minutes of manual verification per document

20,000 transactions/monthDocuments pending matching

2 monthsImplementation cycle

Enterprise overview

Tongfu Microelectronics Co., Ltd. was founded in 1997 and listed on the Shenzhen Stock Exchange in 2007 (002156). It specializes in integrated circuit packaging and testing, is a national key high-tech enterprise and vice chairman unit of the China Semiconductor Industry Association, and ranks among China's top three integrated circuit packaging and testing enterprises. The company has seven major production bases in Nantong, Hefei, Xiamen, Suzhou, and Penang, Malaysia, with more than 18,000 employees, and masters advanced packaging and testing technologies such as Bumping, WLCSP, FC, BGA, and SiP. It was among the first domestic packaging and testing enterprises to achieve large-scale production of the full back-end process for 12-inch 28nm mobile phone processor chips.

Business pain points

Three-document matching is entirely manual; purchase orders, goods receipt notes, and input VAT invoices must be checked one by one manually by finance staff, taking over 15 minutes per invoice, with an average monthly backlog of over 20,000 documents awaiting matching
Invoice returns and reissuance caused by inconsistent information across the three documents (such as differences in quantity or unit price) extended the average settlement cycle to 45 days, affecting the stability of supplier cooperation
The ERP procurement module and the invoice system are not connected, so order status cannot be obtained in real time, and tracing abnormal documents is difficult.

Solutions

Launch the input VAT invoice intelligent matching management platform: OCR recognizes invoice information for all invoice types and automatically captures purchase order and goods receipt data from ERP
Built-in matching rule engine, automatically compares invoice information such as materials, quantity, and amount against orders and goods receipt notes, with real-time alerts for discrepancies
Invoices that fail to match are automatically pushed to the procurement end for verification, supporting online price adjustment and supplementary orders to complete the closed loop
Establish a unified invoice pool, with three-way matching status queryable in real time, supporting multi-dimensional analysis reports

Results achieved

Three-document checking shifts from manual item-by-item to automatic system matching, with anomalies pushed in a targeted manner for closed-loop handling
The invoice pool and matching status are visible in real time, and the settlement cycle and supplier collaboration efficiency improve simultaneously