Customer Profile

Industry: Logistics

Company Name: COSCO Shipping Group Co., Ltd. (hereinafter referred to as COSCO Shipping)

Company Introduction: COSCO Shipping was officially established in Shanghai on February 18th, 2016. It was reorganized by China Ocean Shipping (Group) Company and China Shipping (Group) Company. It is a super large central enterprise directly managed by State-owned Assets Supervision and Administration Commission, which involves the national economy and the people's livelihood and the lifeline of the national economy. COSCO Shipping is committed to building a multi industry cluster and world leading comprehensive logistics supply chain service group with shipping, integrated logistics and related finance services as the pillar.

Baiwang Products Application: COSCO Shipping is the most complex project that we have undertaken. Because its organization structure is extremely complex and involves multi-level management such as group - industrial cluster - business format - region - outlets. COSCO Shipping has high requirements for business understanding and system construction abilities. We allocate three independent implementation teams for the project to conduct demand research and structure sorting in many places, and has completed the requirements of COSCO Shipping in high quality and quantity, helping it upgrade its informatization.

Solutions

Break the information gap of business formats and build a unified platform: COSCO Shipping has an extremely complex business format and has dozens of business systems. We establish a unified service platform for COSCO Shipping’s group VAT management. Through the mode of centralized deployment, layered application and unified service, it realizes the life cycle VAT invoices process management integrated with business systems.

Open up the business system and realize efficient output invoices management: as a comprehensive service group, our business is spread all over the country, involving complex territorial management needs and comprehensive control needs. We integrate dozens of business systems and business scenarios of various industrial clusters with the output section of the tax management information system. By doing this, we get through all links involved in customer invoicing application and internal settlement invoicing application, such as invoice issuance, invoice printing, e-invoice delivery; we optimize invoicing process and reduce labor cost for manual invoices output; we realize the automated, procedural and collaborative management of output invoices.

Achieve full invoices coverage and improve the input invoices management efficiency: the Baiwang input solution covers enterprise VAT input special invoices, general invoices and e-invoices. Through invoice collection and validation to verification deduction and input tax transfer out of special invoices, we realize direct connection verification and input tax transfer out of business system, assist automated bookkeeping of business system, and form a complete VAT input invoice management process.

Full process invoice value-added service, highlighting data value: we realize tax related invoice data management and analysis, generate management reports, and conduct warning and prompt for tax related risks based on invoice information; we assist enterprises in tax declaration and improve the tax declaration efficiency.

Value Highlights

Unified deployment of multiple industrial clusters: COSCO Shipping has multiple industrial clusters, which need centralized planning and management to achieve the most efficient collaboration.

Concurrent launch in multiple cities: in order to meet the comprehensive management needs of group enterprises, Our technology team gives strong support to realize the concurrent launch of multi city and multi business systems.

Invoice life cycle management: the comprehensive service group is urgent to realize invoice life cycle management. We help COSCO Shipping achieve source control, ensure invoice compliance and authenticity, strengthen process monitoring, timely warn abnormal conditions. These meet enterprises’ needs for data collation and data analysis in the later stage.

Customer Testimony

In order to better understand COSCO's shipping needs and sort out its business processes, we launch three teams of centralized transportation, logistics and special transportation at the same time. They take 31 days to visit more than 30 cities and form more than 100 records and business interaction flow charts.

On the premise of sufficient preparation in the early stage, the project connection between our two sides is stable and controllable. We have completed the concurrent launch of more than 30 business systems of multi group businesses in more than 100 cities of over 20 provinces for COSCO Shipping, and have achieved good implementation results. This significantly reduces labor costs and improves operation efficiency, and meets the needs of the group's "13th Five-Year Plan" for the digital upgrading of finance and tax management.