With rapid growth, especially in the express delivery sector, Kerry Logistics is always looking for solutions to improve operational efficiency. One of the top priorities is to improve cost management processes.
Kerry Logistics is currently experiencing a period of strong growth, especially in its freight division, which contributed 33% to the group's core net profit in 2020. In this context, the company decided to improve the efficiency of corporate cost management within its organization.
About Kerry Logistics
Kerry Logistics Network Limited and its group of companies (collectively “Kerry Logistics Network” or the “Group”) is a global logistics company headquartered in Asia, with a diverse service portfolio and the strongest network coverage in the region. The company provides a comprehensive range of supply chain solutions, from integrated logistics, international transport (air, sea, road, rail and multimodal), industrial project logistics, to cross-border e-commerce, last-mile fulfillment and infrastructure investment.
From manual process to full automation
Prior to implementing the Expense Management solution, Kerry Logistics outsourced its business expense management to a service provider. However, this process quite complicated, time consuming and untoward for employees. Employees must send invoices to the center for approval, then the invoices will be sent to the outsourcing service unit for document verification. Finally, it will be transferred to the financial accounting department to record the incurred expenses. This process lasts from 4 to 6 weeks and potentially error-prone.
Having experienced many inconveniences with this complex expense management system, Kerry Logistics decided to implement a comprehensive expense management solution that would make the process smoother, tailored to the needs of each branch, and improve the daily lives of employees. This solution not only helped automate processes but also provided a unified platform for tracking and analyzing expenses.
Outstanding benefits and positive results
The cost management solution has conquered entire groups thanks to its flexible customization capabilities to the specifics of each department. Currently, Kerry Logistics data is centralized in one complete interface and intuitive, allowing managers to monitor and Analyze all costs of groups in real time.
After implementing this solution, teams can track company expenses and adjust spending policies at any time. Finance departments can now Easier cost monitoring, detect duplicate expenses or any irregularities in the expenditures incurred.
The mobile app has become extremely useful for Kerry Logistics employees, especially during business trips. They can easily add travel expenses and submit them to their managers, no matter where they are.
In addition, This process is very quick., allowing employees to work abroad without worry. The ability of the cost management solution to effectively manage corporate expenses in a short period of time has been recognized by Kerry Logistics employees.
The expense management solution's expense reporting app allows them to instantly manage expenses, including travel expenses, and record all business trip invoices.
One of the main reasons Kerry Logistics chose cost management over its competitors is because module business expenses. The travel allowance module, used by Kerry Logistics staff, allows them to manage overseas travel allowances based on pre-defined rules. Calculations are automated and management is also automated.
Cost management solutions helped solve the inconvenience of managing company expense reports, providing a connected and intuitive solution that met Kerry Logistics' specific needs.
Implementing a cost management solution is a right move for Kerry Logistics. This solution not only helps optimize internal processes but also contributes to the overall success of the business.
Bizzi Expense Solution in Vietnam
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This solution is not only suitable for large enterprises but also flexibly adjusted for small and medium enterprises, bringing convenience to both employees and management. Bizzi Expense provides a platform to connect spending data from many different sources, making it easy for managers to Quickly track, control and analyze costs and accurate.
With the ability to manage business expenses, travel expenses and business expenses, Bizzi Expense also helps simplify the invoice approval and processing process, Reduce errors and inappropriate spendingThis solution not only improves work productivity but also helps businesses Budget optimization and ensure compliance financial and accounting regulations
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