What factors affect the progress of enterprise Leqi construction, and how should they be addressed?

Most finance professionals are already familiar with the benefits and importance of Leqi (if you are not yet familiar, you can click our profile picture to visit our homepage and read related articles to learn more~). Although Leqi is beneficial, many enterprises have still not applied for it. What key factors influence enterprise decisions and prevent enterprises from quickly connecting to the system and fully enjoying the convenience of fully digitalized e-invoices?

First，The enterprise has not done a good job in planning the timeline for going live on Leqi.

Fully digitalized e-invoices began piloting in Inner Mongolia, Guangdong, and Shanghai in December 2021, and then rolled out nationwide, taking more than 2 years and giving enterprises a relatively long preparation period. But in fact, from policy clarification to successful selection, and from system integration to realizing the application of fully digitalized e-invoices, the timeline is still relatively long. If enterprises do not prepare early, they may find themselves stretched when the time comes. At the same time, those enterprises that have already launched fully digitalized e-invoices and Leqi can enjoy the convenience of fully digitalized e-invoices early.

Second, the available options are unclear.

Overall, Leqi is a new thing, so what exactly should enterprises do? Although the tax bureau has issued the Leqi self-use service specification guidelines, giving detailed guidance, in actual operation there are still many details requiring technical integration and system integration. Whether enterprises self-build or jointly build with third parties, what preparations are needed during the construction process, and which parts need to cooperate during construction all involve many variables to consider. Enterprises also hope to see more successful experiences to reduce trial-and-error costs.

Third, the enterprise digitalization path is unclear.

Unlike partial tax reforms, this round of fully digitalized e-invoice and Leqi reform is closely related to the development of the digital economy and closely tied to enterprises' own informatization construction. It is not as simple as just deploying a fully digitalized e-invoice system or Leqi system; it involves integration with enterprise ERP systems, financial systems, management systems, and other multiple systems, and involves collaboration across various business segments of group enterprises, truly affecting the whole system with one move.

In the great tide of digital transformation, how enterprises plan their future direction, determine business segments and business goals, and thereby formulate competitive strategies and match team resources are all in a state of exploration and change. A tax system must both match current business and integrate with future business, while maintaining data continuity, stability, and security. This requires the enterprise's financial head and top leader to work together on top-level planning.

It is precisely against this background that choosing an experienced third-party service provider is very necessary.

As a completely new undertaking, enabling enterprises across all industries to quickly go live in a short period and achieve full-domain data go-live and flow requires comprehensive coordination across all dimensions. For enterprises with certain experience, strong IT capabilities, and continuous operational capacity, under the premise of a solid overall digital layout, they can choose to build their own platform to use fully digitalized e-invoices and Leqi.

For enterprises still in the digital selection stage and unclear about the path of financial digitalization and overall digitalization, if an experienced service provider intervenes, it can provide comprehensive and actionable solutions based on the provider's accumulated experience across industries. On one hand, this can help enterprises reduce costs and quickly adopt and make good use of fully digitalized e-invoices; on the other hand, because of its holistic thinking, it can also reserve interfaces for future long-term digital upgrades, effectively reducing repetitive digital construction and enabling enterprises to concentrate efforts on growth in key businesses.

Kailing Technology is exactly such a service provider with leading technology, rich products, multi-scenario implementation practice, and continuous operation and maintenance capabilities. Kailing's agile product iteration and operation and maintenance capabilities can ensure uninterrupted service for enterprises during the upgrade period and provide all-dimensional support for future transition, helping enterprises smoothly connect and transition. It is the ideal choice for large enterprises selecting fully digitalized Leqi upgrades.

Kailing complies with the regulatory requirements of the State Taxation Administration, the Ministry of Finance, the Archives Bureau, and other departments, comprehensively reducing business-finance-tax risks and the cost of archiving financial and accounting materials, improving the efficiency of digital voucher and document utilization, helping enterprises connect their business-finance-tax systems, and solidifying the foundation of the digital economy, enabling enterprises to achieve digital application of vouchers and documents in multiple scenarios under the premise of security and compliance, and comprehensively improving efficiency.

At the same time, based on the access requirements of the Leqi platform, customers able to apply for Leqi are all group customers, with characteristics such as numerous subsidiaries, complex business, and complex systems, which also poses higher challenges to service providers' comprehensive capabilities.

As of now, Kailing Technology has established long-term stable cooperative relationships with many well-known enterprises, with business coverage including: state-owned and central enterprises, internet, high-tech, commercial services, etc.

Overall, through Kailing's fully digitalized e-invoice Leqi solution, development efficiency can be improved, development personnel input reduced, response waiting time shortened, and upgrade response speed improved. On the premise of ensuring information security, it helps enterprises achieve intelligent invoicing and intelligent invoice use, meets various compliance and risk control requirements, and comprehensively promotes enterprise digital transformation.

Beijing Kailing Technology Co., Ltd.——an enterprise business-finance-tax digitalization solution service provider.

Kailing Technology provides solutions for sales management systems, procurement management systems, output invoicing systems, input invoice collection systems, imaging management systems, financial posting systems, electronic accounting archives, fully digitalized e-invoice and Leqi interfaces and other businesses according to enterprise needs, professionally and efficiently helping enterprises transform and upgrade their business-finance-tax digital management.

If you have any business-finance-tax digital transformation needs, welcome to contact us. Beijing Kailing Technology will serve you wholeheartedly.