Every moment of technology will help enterprises open a new generation of financial cloud sharing model, and finally create real-time digital accounting, in the modern accounting transformation and innovation, contribute Chinese wisdom, leading accounting reform. Every moment of technology Wei Meizhong said.
"In traditional accounting, China used to be the leader. Dayu is the ancestor of accounting and auditing, after the completion of water control, a unified management superstructure was established, and the princes and tribes had to pay management fees, so there was bookkeeping and auditing. "Strolling through the cultural wall of science and technology at every moment, from the knotted rope chronicle of the oracle bone era, to the first accounting and auditing work conference in Chinese history, to the change of bookkeeping methods in successive dynasties, the history of China's accounting development is presented one by one."
With the advent of commercial civilization in the Age of Discovery, modern accounting appeared, but China's voice gradually weakened. Wei Meizhong painted a beautiful picture for us: "I hope that the historical process of modern accounting in the future can leave our mark of Chinese, and China can return to the stage of the world accounting innovation center." ”
Prior to founding Moment Technology (hereinafter referred to as "Moment"), Wei Meizhong had been working in the field of finance and taxation for 30 years. In the first 15 years, he worked for supply and marketing cooperatives, township enterprises, state-owned enterprises, and foreign-funded enterprises, and for the last 15 years, he served as vice president and financial director of Dahua Co., Ltd. With the advancement of the manual era, the computerized era and the ERP era of the accounting industry, he has applied his thinking on the digitalization of accounting to the ground.
Established in 2015, it focuses on intelligent cloud financial products and solutions to help enterprises achieve data sharing, business and financial synergy. The word "every moment" condenses his simple vision of subverting the century-old accounting checkout cycle and realizing the checkout of every moment. 7 years of development, each moment has served more than 3,000 customers, the scale of users more than 2 million, covering more than 150 countries and regions around the world.
"In three to five years, China will be the first country in the world to take off the paper for accounting, and it will become the norm for accounting jobs to work from home." Recently, every moment held the Qunzhiyun Financial Summit Forum, and the participants communicated in the virtual world in the way of "meta-universe", just like the mapping of future finance.
Talk about the original intention of entrepreneurship
Every moment is my exploration of "real-time accounting", hoping to help enterprises achieve real-time checkout
Zhang Feng: Can the incubation of each moment be understood as a model of internal entrepreneurship?
Wei Meizhong: It can be counted. In 2009, I led a team at Dahua to develop an internal reimbursement platform that opened up bank card and Ctrip data. Later, I learned that Concur in the United States provides travel, expense and invoice management solutions in the form of SaaS, and I wanted to make the reimbursement platform a similar SaaS product, but I have not been able to practice it.
In 2014, recognized by the Group, I took a team to develop the product. After the demo (sample) came out, because it was too far away from Dahua's main business, I fell into the dilemma of giving up or continuing to choose. At that time, the team advised me: "Mr. Wei, everyone's enthusiasm for making products has risen, and we must always work hard." ”
I am also a more idealistic person, and I firmly believe that financial digital products will bring great value to the industry. In 2015, we got angel investment and set up a company, so at first it was considered "started".
Zhang Feng: Do you feel that you are the character of an entrepreneur? You may think that entrepreneurs with CFO backgrounds are more stable and more conservative in their decision-making.
Wei Meizhong: I like to constantly pursue the perfect landing and solve the problem fundamentally, which may also be an entrepreneurial personality. For example, during my time in Dahua, I promoted the inventory and accounting module ERP from scratch, launched within a month, and merged the two systems after half a year without any errors.
Many people think that finance is more rigorous and should not be innovative. On the contrary, financial personnel should become a very active group of innovators, thinking about innovation and improving labor productivity.
Zhang Feng: You are a finance major, what method did you use to obtain IT skills?
Wei Meizhong: Self-taught. When I was studying accounting in school, I also used an abacus to calculate accounts by hand, which was easy to make mistakes, and the process of checking errors was also very painful. At that time, computer classes taught basic language, and a graphic came out by typing in a few lines of code. I had two ideas: can the computer do the future accounting documents to the accounting statements? Can the accounting checkout cycle be changed from a single month to a single day, or even a real-time automatic checkout?
With the naïve idea that "finance must use software", I taught myself computers as soon as I had time. In 1998, I went to a foreign-funded enterprise, and with a working computer, I made the first fully automatic budget report with Excel, and the original data was entered into it, and the indicators were called out. After the rise of ERP, I often went to some promotional activities and collected books on ERP principles to read.
Zhang Feng: So you are "learning by doing", and when you go to Dahua, you apply what you have learned to practice.
Wei Meizhong: Yes, the first 15 years of my career were accumulated with experience and professional theories. After entering Dahua in 2004, I formally contacted IT, and in practice, I built a financial, IT, and HR system, realizing my first idea of applying computer software to finance. The birth of each moment is my exploration of the second idea of "real-time accounting", hoping to help enterprises achieve real-time checkout.
Talk about fiscal and tax SaaS
Break the accounting boundary of the ERP system, data circulation, multi-span collaboration
Product matrix per moment
In 2015, a wave of financial digitalization triggered by electronic invoicing swept in. Every moment to see the first major pain point of enterprise financial management "cost control reimbursement", the first product "per moment reimbursement" was launched, providing expense reimbursement management, travel booking, and whole-process cost control services to improve human efficiency. In 2020, the process of electronic accounting vouchers will be accelerated, and the "per-moment file" will be launched in line with the trend, realizing that enterprise electronic tickets are not printed and paper tickets are electronic. Since then, the era of electronic special tickets has begun, and "cloud tickets at every moment" focus on solving the difficulties of related business operations brought by electronic invoices to finance, helping enterprises, financial ends, and business ends to achieve cost reduction and efficiency increase.
Feng Zhang: In the post-ERP era, how to empower corporate financial management through SaaS products at every moment?
Wei Meizhong: Usually the understanding of ERP is an enterprise resource planning system, I think it is actually a bookkeeping system. In addition to internal collaboration, enterprises also involve business collaboration of external ecosystems, such as suppliers, customers, banks, and taxes. ERP is a product of the LAN era, lacking external collaboration and data interaction. What to do at every moment is to break the accounting boundary of the ERP system, from data collection and data processing, to bookkeeping, tax declaration, report analysis, and open up the ecological chain of industry and tax data.
Taking the reimbursement scenario as an example, due to business consumption, including food, housing and travel, there are electronic invoices or paper invoices from different channels, and enterprises should collect various flow data, go to the tax system to identify the authenticity of invoices, and pay employees after the audit is completed. The seemingly simple reimbursement process involves the docking of a large amount of data and systems.
In the SaaS module of expense management, the travel platform, credit payment, invoice platform, etc. are opened up at each moment, the consumption and invoice data are collected synchronously, the invoice base account database of the State Administration of Taxation is opened, and the intelligent identification and verification of bills is carried out; the application system such as enterprise ERP, OA, and capital platform is opened internally to realize automatic bookkeeping, batch payment, budget control and other functions.
Per-moment cost management ecological platform
Data connection based on ecological data links is the foundation of digital finance. Starting from the typical scenarios and pain points of reimbursement of enterprise financial management, each moment around the financial scene, a product system including archives and cloud tickets has been formed, opening up all aspects of the data outside the ERP of the enterprise, so that the data can be collected, filtered and bookkeeped in real time, so that the "historian" of the accounting enterprise can record the more real history of the enterprise.
Zhang Feng: The fiscal and taxation sector is highly sensitive to policy. The wave of digital reform in the past two years is also an environmental driving force to promote financial digitization and intelligence.
Wei Meizhong: First of all, let me talk about my understanding of digital reform. "Reform" means starting from the top-level design, breaking the original mechanism, and building a new system, which is one step further than digital transformation, reflecting the determination of the country to fully digitize. In the future, simple and repetitive mental work will be replaced by technology, and the efficiency of social operation will be unprecedentedly improved, liberating more manpower. Many industries will undergo earth-shaking changes, especially in the field of finance and taxation, where basic positions can release 80% of the effective labor force.
At present, the difficulty of digitalization of corporate finance lies in the electronicization of invoices. In the basic vouchers of financial accounting, invoices account for a large proportion, but enterprises have inertia in the electronicization of invoices, taking Zhejiang Province as an example, there are currently 3 million taxpayers who are still using paper invoices. The policy is promoting the process of full electronicization of invoices, which can realize the digitization of taxation within three years, and the digitization of corporate finances will also be a natural success.
The innovative transformation of the integration of our industry, finance and taxation data is precisely the "small incision" in the "big scene" of digital reform. Through this "small incision", the "multi-span collaboration" of the enterprise is realized, that is, the business and data collaboration with the company's partners, upstream and downstream enterprises, banks, taxation, etc., and the overall data chain is opened.
Talk about the next generation of cloud sharing
In the future, it will test the strategic decision-making ability of enterprises and the ability to judge trends
Zhang Feng: How to understand the concept of "cloud sharing" that is promoted at every moment?
Wei Meizhong: Every moment is the first financial cloud sharing platform to launch a SaaS cloud architecture. The traditional customized sharing platform has high costs to open up ecological data links, secondary customization for upgrades after delivery, and high hardware maintenance costs. Cloud services provide a civilian shared platform that meets the personalized needs of customers with more flexible configuration and more flexible billing methods.
The way of cloud architecture can be charged according to the amount of storage, documentation, user or frequency of use, etc., or it can be rented, so that small and medium-sized enterprises can use less investment, and can also sit on an equal footing with large enterprises in the choice of system platform. Just like it was necessary to buy a Mercedes-Benz to use, now Mercedes-Benz can be rented, and different consumer groups can afford it.
Therefore, the new generation of digital, cloud-based and product-based sharing will gradually replace the traditional sharing of localization and customization.
Zhang Feng: This is also the charm of SaaS products in the cloud era. Looking beyond the product form, what impact will cloud sharing have on future finances?
Wei Meizhong: At present, the traditional financial sharing in China is still in the stage of converting paper data and electronic data. I think the next generation of cloud sharing is divided into two levels:
Scene-based sharing. Sharing related to daily financial work, such as expense sharing, payable sharing, receivables sharing, file sharing, tax sharing, etc., data can be shared and updated in real time.
Big data sharing. When the degree of digitalization of the enterprise is high enough, all the business, financial, human resources and other data can be collected into several warehouses and displayed through BI. Not limited to finance, positions in the company that need data to assist decision-making can customize BI analysis reports.
Per-moment BI is applied to the Expense Management example
Traditional financial sharing is still in the stage of scenario sharing, and only part of it has been done. When cloud sharing achieves the second level, enterprises will face greater challenges, not only testing basic business and management capabilities, but also testing strategic decision-making capabilities and judgment of trends.
Zhang Feng: So cloud sharing is a kind of enterprise service direction advocated by every moment from a longer-term perspective.
Wei Meizhong: Right. The comprehensive digitization and paperlessness of finance can support enterprises to build a virtual cloud sharing center, and sharing is no longer limited to a physical office point, and financial personnel no longer need to concentrate on the field. You can even visualize the sharing center in the form of a meta-universe, you can see colleagues at any time, and working from home is like working in a company.
Every moment, the Qunzhiyun Financial Summit Forum Meta-Universe special session explores the feasibility of future financial home office
Under the impact of the epidemic, working from home has become the norm. On the one hand, working from home saves commuting time and improves work efficiency, while reducing traffic congestion makes the burden of urban management less and more environmentally friendly; on the other hand, solving social problems, educating children, taking care of the elderly and other problems will be solved, and society will be more harmonious.
Talk about Qunzhi
The more customers you face, the more wisdom you absorb, driving product growth
Each moment of technology has served more than 300 listed companies, 3000+ enterprise customers, covering 12 industries. After the universal integration of the functional services of the product, the anchor point of each moment came to the ecology, and put forward the "group wisdom · The concept of "symbiosis": group wisdom, the core is to gather the wisdom of the group in the field of finance. Symbiosis is to learn from each other's strengths and deeply integrate with ecological partners.
Zhang Feng: The word "Qunzhi" condenses the thinking of exploring in the field of finance at every moment?
Wei Meizhong: In fact, Qunzhi is not unique at every moment, this world is originally the world of Qunzhi. Based on the SaaS platform, the management ideas, concepts and experiences of many successful enterprises are highly abstracted into standard schemes and models, and the platform is shared and co-created.
Zhang Feng: Co-creation with customers is, in a certain sense, the core methodology for the success of SaaS products.
Wei Meizhong: Of course, "group wisdom" is not only the wisdom of people's groups, but also the intelligence of technology in the digital age. Artificial intelligence 1.0 is like an expert, what kind of invoice can be identified, but the contract template of each enterprise is different, and centralized artificial intelligence is difficult to solve. In the 2.0 era, the solution model is decentralized. Through the output of our technology, each enterprise can train itself according to its own business needs, the characteristics of documents and the characteristics of contract templates.
Advance from ARTIFICIAL INTELLIGENCE 1.0 to AI 2.0
Just like building a house, the planning and basic decoration of the entire park is provided by us, and the interior decoration requires the participation of different customers in different industries. In the face of the various personalized needs of B-end customers, we explore reasonable, abstracted into configurable and flexible product functions. The more customers, the more wisdom to absorb, driving product growth, which is "group wisdom".
Zhang Feng: Distinguishing the reasonable needs of customers and abstracting them into general functions tests the team's ability to combine business and IT. Finance is a highly specialized industry, how to deal with this problem every moment?
Wei Meizhong: We are a company with a deep background in financial and IT practices, and our products are designed from the perspective of financial practices. At the product design level, we will develop product modules, and business people like me will guide the product and technical teams to understand the functions of the corresponding modules. For example, the cloud reimbursement module, I only need to clarify the reimbursement logic and framework, the product out of the product plan, the technology into code functions, the first version of polishing to the internal satisfaction, first find a typical customer to communicate and try, repeated demonstration, and constantly iterate the program.
Zhang Feng: Every moment, the current benchmark customers are mainly large enterprises?
Wei Meizhong: Our customers are mainly medium and large enterprises, they often need more professional services, so they will pay more attention to the ability and professionalism of suppliers to provide services. Because there is a degree of professionalism, there is a division of labor, in the small and medium-sized enterprise market there is an integrated demand, but in the market of medium and large customers repeatedly demonstrated, is the real desirable way.
Talk about the transformation of modern accounting
Real-time accounting, international accounting, management accounting, contribute chinese wisdom
Zhang Feng: There are many exhibitions on the cultural wall of each engraving about the history of the accounting industry, and Chinese accounting has a long history, but it is in decline in the modern accounting system. What Chinese wisdom do you expect to contribute to modern accounting?
Wei Meizhong: China can contribute in three areas: real-time accounting, international accounting, and management accounting.
Real-time accounting is to synchronize data in real time and settle accounts on a daily basis, so that accounting and financial reports can keep up with the pace of business development of enterprises. The memory delay of traditional accounting is very long, and under the transformation of enterprise digital intelligence, real-time accounting is an important part of the intelligent upgrading of enterprises.
How to understand international accounting? For microeconomic communication, accounting is the best international language. In the future, China will develop into the world's largest economy and become the standard-bearer of globalization, at this time the most far-reaching impact on international standards, China's accounting will inevitably need to be internationalized.
International accounting, on the one hand, China applies the theoretical innovation explored under the new economic model to the international standards of accounting; on the other hand, China's leading position in accounting innovation will also lead to the convergence of international standards to us.
For example, the cross-standard translation problem faced by enterprise globalization, the financial standards of different countries are different, and the consolidation of accounting statements of group companies is very painful, but to realize the digitization of corporate finances, no matter which country you are accounting, you can automatically generate a unified statement.
Zhang Feng: The innovative integration of technical capabilities and business capabilities has brought a more efficient new model to international standards.
Wei Meizhong: Management accounting is to guide the business of enterprises by analyzing a large amount of data, which requires not only financial accounting data, but also business data. After the financial data is shared, the data analysis is standardized and real-time, so as to achieve more timely, efficient and accurate decision-making analysis and risk early warning for the enterprise. When the fiscal and taxation SaaS realizes the integration of industry, finance and taxation, management accounting will come to fruition.
Zhang Feng: Management accounting is to describe the territory of intelligent decision-making of enterprises from the perspective of accounting, and it is also the part that is helping enterprises to improve at every moment.
Wei Meizhong: I hope to become a fiscal and taxation SaaS platform that provides resource sharing every moment, help enterprises achieve all-round data sharing and industry-finance and tax collaboration, and truly achieve autonomy and control in financial software and catch up with Europe and the United States. Each moment will also help enterprises open a new generation of fiscal and tax data cloud sharing model, and ultimately achieve real-time accounting. In the transformation and innovation of modern accounting, contribute Chinese wisdom and lead the accounting reform.
Quick questions and quick answers
Once you've achieved your goal, how do you treat yourself?
Spend time with your family.
Choosing a partner, the quality you value most?
Talk about rules and have a business approach.
A tip for entrepreneurs?
Careful. Entrepreneurship is a lifelong ordeal process that consumes intelligence, physical strength, endurance, leadership, and it is difficult to find like-minded people.
The one thing you want to change the world the most?
Real-time accounting, so that financial personnel do not work overtime.
How to define "digital new Zhejiang businessman"?
One is the people who embrace digitalization and fully apply digitalization to corporate governance; the other is the people who challenge digitalization and subvert the industry with digital transformation.