Is your financial system holding you back from realizing the full potential of your business data? In today’s digital landscape, traditional ERP systems are struggling to keep pace with the complexities of high-volume, multi-channel operations, especially in industries like the food and beverage sector.
In our new white paper, we explore how leading catering enterprises are breaking free from the limitations of heavy ERP and transforming their financial functions into strategic assets.
The Problem:
Many restaurants, even those with thousands of locations, find themselves drowning in a “data swamp.” Disconnected systems, delayed reporting, and manual processes lead to inefficiencies, errors, and missed opportunities. Traditional ERP systems, designed for an earlier era, often lack the flexibility and data capacity to handle the demands of modern, data-rich businesses.
The Solution:
Leading catering enterprises are adopting a phased approach to financial transformation, centered on data integration and intelligent automation:
• Step 1-Small Breakthroughs:
Using RPA and lightweight tools to quickly connect daily sales data with financial reconciliation, enabling rapid verification and anomaly detection.
• Step 2-Omni-Channel Integration:
Building a unified data platform to aggregate orders from all channels (online delivery, dine-in, membership programs), leveraging AI to identify fraud and automate cross-platform write-offs and tax compliance.
• Step 3-Ecological Integration:
Connecting order data to supply chain, membership system and other functions, using AI to simulate the impact of cost fluctuations on profits and drive intelligent decision-making across the enterprise.
The Impact:
Real-time Cost Control: Dynamic profit estimation and proactive identification of financial risks.
Improved Efficiency: Automation of tasks like order verification, expense management, and tax compliance, reducing manual effort and operational risks.
Enhanced Decision-Making: Data-driven insights that inform pricing, promotions, supply chain optimization, and store expansion strategies.
Stronger Compliance: Robust systems for tax management, internal control auditing, and data governance.
Featured Solutions Powered by Hengtian:
Intelligent Verification and Accounting System: Automating reconciliation of receivables and payables across all channels.
Refined Expense Control System: Streamlining reimbursement processes and ensuring compliance.
Group-wide Asset Lifecycle Management Platform: Tracking assets from procurement to disposal, ensuring consistency between physical assets and financial records.
Global Tax Compliance and Intelligent Management System: Automating tax data collection, declaration, and risk management.
Digital Internal Control Audit and Dynamic Supervision Platform: Ensuring data integrity and compliance through automated monitoring and evidence preservation.
Financial Shared Platform for Task Intelligent Scheduling and Execution: Unifying control over automated tasks across various business platforms, breaking down data barriers and providing full-chain data support for data analysis and decision support.
The Future of Finance: Ecological Connectors
The future of financial systems lies in becoming an “ecological connector,” enabling a culture of data equality where everyone in the organization can leverage real-time insights to drive better decisions. This “all-staff digital intelligence co-governance” model is pushing enterprises from mechanical execution to a new era of value symbiosis.
Ready to learn more?
Contact us today to access the full version and explore how Hengtian can help transform your financial systems from a “value guardian” to a “value creator.”
