In recent years, the construction of digital China has become one of the greatest certainties in the future. From the broad to the micro, the country’s digital transformation series of policies have been promoted layer by layer, and a new pattern of digital finance has been gradually established.
The "14th Five-Year" Digital Economy Development Plan requires "vigorously promote the digital transformation of industries, encourage financial institutions to innovate products and services, and increase support for the core industries of the digital economy"; "Fintech Development Plan (2022-2025)" It is proposed that "the goal is to deepen the structural reform of the financial supply side, to accelerate the digital transformation of financial institutions and strengthen the prudential supervision of financial technology as the main line"; Comprehensively promote the digital transformation of the financial and insurance industry in terms of "business operations", "data capabilities", "scientific and technological capabilities", and "risk prevention".
In the new situation, new background, and new environment, the use of digital capabilities to transform the financial and insurance industry has become a key variable for financial and insurance institutions to win in the competitive landscape. With the innovation and breakthrough brought by the new generation of digital technology, the boundaries of products and services in the financial and insurance industry have begun to be continuously expanded, and more and more insurance companies have begun to carry out digital transformation.
As a leading provider of digital solutions for comprehensive enterprises in China, Baiwang Cloud continues to promote the digital transformation and upgrading of finance and taxation in the financial and insurance industry, follows the development trend of the financial and insurance industry, and implements innovative technologies in the digital field into actual business operation scenarios. Many financial and insurance group companies continue to innovate products and services to meet the digital upgrade needs of financial and insurance group companies in an all-round way, driving the overall improvement of their overall organizational efficiency and effective risk prevention and control.
In this context, Baiwang Cloud and Taikang Insurance Group (hereinafter referred to as "Taikang") have reached a cooperation to jointly promote the digital transformation and upgrading of the group - through the joint construction of an electronic accounting file system, online collection, archiving, viewing and retrieval of files will be realized Digital and intelligent management of the whole life cycle, such as file transfer, identification and destruction, helps the digital transition of the group's internal management.
Digital transformation follows the main business
Taikang Insurance Group is one of the leading companies in the domestic insurance industry. It has been on the Fortune Global 500 list for five consecutive years, ranking 346th.
In recent years, under the influence of multiple external unfavorable factors, Taikang still maintains a strong growth capability. According to the public data on Taikang’s official website: By the end of 2022, Taikang’s assets under management will exceed 2.8 trillion yuan, its core individual effective customers will exceed 62 million, and it will serve more than 490,000 corporate customers. Since its establishment, Taikang has settled a total of over 120 billion yuan in claims.
Baiwangyun believes that the strong growth of Taikang is not unrelated to the strategic upgrade of digital transformation. According to observations, in recent years, Taikang Group has actively embraced digital transformation, continued to promote digital strategy to empower business development, continuously innovated service methods, closely integrated advanced technology with insurance services, and accelerated the improvement of digital, online, and intelligent construction levels. Enhance the core competitiveness of enterprises in the insurance ecosystem.
Taking Taikang Online as an example, public data shows that Taikang Online has an average underwriting automation rate of 99%, an underwriting automation rate of 99%, and a claim settlement automation rate of over 97%, ranking among the top in the industry. Through the launch of the claim settlement intelligent review model 2.0, in the first half of 2022, the review efficiency will be increased by 30%, and the timeliness of claim settlement will be accelerated by 45%. The fastest claim settlement only takes 4 seconds, which effectively improves the user experience.
Make up for the shortcomings of internal operation and management
As the digital transformation process of Taikang's business continues to accelerate, the demand for management digital upgrades will follow.
This is also easy to understand: the results of enterprise digital transformation ultimately require a flexible and smart platform to undertake, manage, transfer and call. A parkour master with agility, but needs to carry a huge burden to compete? This is obviously unreasonable.
Baiwangyun believes that electronic accounting files are the magic that allows experts to unload their burdens and turn around more easily.
In order to improve the efficiency and accuracy of file management, Taikang Group and Baiwang Cloud jointly built an electronic accounting file system to realize the digital upgrade of internal management. After nine months, through the stages of project initiation, demand research, scheme design, development and testing, and pilot operation, Taikang Group's electronic accounting file system has been piloted online, realizing online collection, archiving, viewing, and file transfer of electronic accounting files , Identification and destruction of the whole life cycle management, to help the group efficiently and conveniently manage electronic accounting files.
Previously, Taikang Group had already launched Baiwang Cloud’s invoice management system for invoices, which realized the group’s multi-level, multi-format, cross-regional, full-process, and all-round invoicing/use management. Another testimony of further deepening cooperation and mutual benefit in the field of digital transformation of finance and taxation.
Before the electronic accounting file system was launched, the file management of Taikang Group had the following pain points:
Difficult to assemble, the workload of downloading and printing bank receipts, matching and binding is relatively large, and the original management method basically relies on manual work;
It is difficult to call, paper accounting files and financial system data cannot establish an effective index connection, the cost of access is high, and management risks are high.
Through the new electronic accounting file system, Taikang has realized three core values: linking, linking various financial data of the group, making the data an asset; unification, accumulating the group's business and financial data, and unifying the data language and standards; utilization, through the The production and operation data of the group are reconstructed into digital language to realize flexible circulation and systematic utilization.
·Smart filing
Automatic collection of accounting voucher metadata + format files + data detection files, automatic four-character detection of collected metadata and attachments, automatic matching of accounting vouchers and original vouchers, automatic file review, and accounting vouchers If there is a paper original certificate, the matching of paper and electronic files is supported, and the random review of the certificate becomes a simple matter.
·File life cycle management
Automatic collection of electronic accounting files, intelligent filing, query and retrieval, file transfer, identification and destruction, realize online, automated, and digital closed-loop management of accounting files.
·Data Cockpit
Support the statistical display of original voucher database data volume, accounting voucher data volume, accounting book data volume, financial report data volume, and other accounting data volume; support enterprise file cost analysis and calculation, save paper, site costs, and reduce carbon emissions, etc. Statistical display of data, enterprise archives data at a glance, help data value mining.
Breaking through the pain and difficulty of file management, Baiwang Cloud provides Taikang Group with a complete set of electronic accounting file management system from file data collection to filing and later use. Combined with the group's business model and business model, Baiwang Cloud will continue to serve Taikang Group has improved filing efficiency, optimized the filing process, and continuously improved the construction of the "Integration of Industry, Finance, and Tax Files" system to help the group's digital transformation and upgrading.