PUBLIC SECTOR
A large Chinese state-owned energy enterprise, the company's main business covers coal mining, washing, processing and sales; production and sales of coal chemical products such as coal-to-liquids, coal-based olefins, methanol, and other products; as well as power generation, transportation services and other fields.
The client’s monthly output of bills and capital has been very high, accounting for 80% of the bills, in which paper bills take up the vast majority. The manual and decentralised collection of bills can no longer address the requirement of high-efficiency work, resulting in unclear approval procedures for bill receipt, release and processing, long circulation time, and inability to monitor the circulation of bills.
In accordance with the business characteristics of the client’s existing bill management practices, LPS implemented a unified bill management system, capable of standardising and upgrading the overall management model, its critical processes and framework of the bill business. The innovative solution integrated the online and offline management processes of acceptance bills, while the system regulates the online bill management processes, efficiently controlling the circulation of offline paper bills.
The solution enabled the client to standardise and systemise the bill management, enhance efficiency and reduce management costs and human errors. The solution not only strengthened the capital risk control, but also provided first-hand information for real-time decision making in capital management.
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