Bubugao financial digital transformation in the new retail era

4. Response during the epidemic - Logistics distribution

Use 5A logistics enterprise Yugao Yuntong Logistics Park for emergency dispatch, and organize vehicles to work overtime to transfer and distribute materials; Ensure the store's daily quota of 1,000 tons of materials to provide a solid backing for expanding online business.

5. Response results during the epidemic

The epidemic has changed the way of popular consumption, from "Better purchase to home" to "POP mall" to "community operation", Bubugao is gradually deepening the correlation with customers and users, and the digital membership has increased rapidly by more than 20 million as of May.

6. Response and results of the Financial Sharing Center during the epidemic

During the epidemic period, the financial sharing service center also fully participated in and supported the "anti-epidemic, ensure supply" action of the store, and the employees supported the inspection and fulfillment of the home business in the supermarket, and opened the VPN home remote working mode for some employees who could not come to the post in the epidemic area.

In order to ensure the payment of procurement funds and ensure the timely arrival of livelihood materials and epidemic prevention materials, the store and employee funds and reimbursement applications are approved through the mobile bill of lading/approval, and more than 10,000 suppliers can complete the online reconciliation, online billing, settlement and payment process by logging in to the supply chain system at home.

The platform also supports T+1 quick payment, all POP mall merchants and small premium fresh commission settlement and payment in accordance with T+1-3 mode, all financial statements from January to April are normally issued without a day's delay, the account is closed on time on the 1st, and monthly/quarterly financial statements are issued.

Second, BBK shared digital transformation

In the new retail era, there are also some experiences in the face of digital transformation:

1. Financial accounting development history of BBK

The first stage: single store accounting from 1995 to 2000

Phase II: Regional accounting for 2001-2006

The third stage: 2007-2013 regional accounting + commodity management centralized settlement

Fourth stage: 2014 - present shared centralized accounting

2. Development history of the company's financial software

The development of financial accounting and the development of corporate financial software are closely related, and BBK has gone through 5 different stages from the establishment of the company.

The initial period of the company: 1995-2000, mainly manual accounting.

System module unification stage: In 2001, the accounting software of UFyou U8 LAN was used to open up with the business system, reducing the manual purchase, sales and inventory and vouchers. In 2004, the Kingdee K3 system was changed to the regional network mode to issue the ledger template mode to ensure the unity of accounting rules.

Business and financial integration stage: In 2007, UF NC system was upgraded and integrated with the business system. At the same time, UF capital system model was connected through the settlement statement of financing (supermarket) and Shangyou (department store), and payment was made through the bank-enterprise direct connection mode. In 2013, I applied ORACLE's EBS system, used financial ERP management mode for accounting and management, processed documents and automatically completed accounting and payment through USS, open interface platform, direct connection of various businesses and other modes; The concept of business and financial integration was strongly promoted

Financial digitization stage: In 2014, the financial sharing platform was established. From expense reimbursement to commodity and non-commodity settlement, to revenue audit and miscellaneous management, and then to general ledger, it was gradually improved and constructed, including the application of new concepts and technologies such as middle desk and microservices, and transformed into financial middle desk construction for the first time. In 2019, the financial ERP system has become more automatic, intelligent and efficient, and has been transformed into financial sharing intelligence for the second time.

2020 - Future: IT →DT to serve the public, stimulate productivity based technology development, by providing financial services to external service objects by digital financial transformation, smart finance.

3. Comparison of the business process before and after the establishment of BBK financial sharing

Bubugao has different stores and formats in five provinces and cities. Suppliers need to settle accounts in each region before sharing, and after the establishment and operation of the sharing center for one year, suppliers only need to log in the supply chain system at home to apply for reconciliation, issue invoices, submit applications, and then send invoices to the sharing service center for processing. Complete reconciliation applications, settle invoices and receive payments without leaving home.