Page 29 - USI Newsletter No.94

Finance & 理財與法律
Law NO.94

Supporting Cost Reduction Procurement and Supply Chain Management extended to data entry, report generation, data
organization, and other workflow tasks. RPA robots
and Efficiency Improvement Optimize procurement strategies and supply chain can execute tasks according to predefined rules and
management to achieve better cost control and
processes, improving data processing speed and
efficiency. Actively engage in effective negotiations
from a Financial Perspective with suppliers to secure more favorable prices and accuracy while saving on human resource costs. We
believe that in the future, there will be more
terms. Furthermore, establish a supplier evaluation
system to analyze product quality, delivery extensive application of RPA within the organization,
allowing financial personnel to transition from
Author: Shanghai Zhangjiang Site / ADM / Finance / capabilities, and costs of each supplier, selecting the accounting functions to analytical functions,
Finance Center I / Rogan Hsu, Delin Xia best suppliers for collaboration. utilizing the value of finance to generate more
Performance Management and Incentive Mechanisms revenue for the company.

At the end of 2022, we established a Shared Service
Establish an effective performance management
system that aligns performance goals with cost Center (SSC) at our Suzhou Site to achieve cost
reduction and efficiency improvement objectives. Set reduction and efficiency improvement through
clear targets and metrics and engage in effective standardization and process optimization. By
communication and feedback with employees. Also, ensuring that all departments and business units
implement incentive mechanisms such as bonuses, follow the same standardized processes, the SSC
commissions, or equity incentives to motivate eliminates redundant steps and resource waste. As a
centralized service provider, the SSC offers consistent
ver the past three years, the persistent As a result, enhancing and perfecting internal employees' proactiveness and creativity. service quality and process execution for all
management, coordinat ing upst ream and
impact of the pandemic has undoubtedly Technological and Automation Applications stakeholders, avoiding duplicate efforts and resource
d o w n s t r e a m op e r a t i o n s, a n d i mpr o v i n g
O resulted in inevitable losses for most waste.
competitiveness have become essential challenges Leverage information technology and automation
businesses, hindering further development. To Furthermore, the integration of RPA technology and
that companies must face. Cost-cutting and tools to enhance the efficiency and accuracy of
find breakthrough points to maintain business the Shared Service Center (SSC) enables USI to achieve
efficiency improvement are effective measures to business processes. Additionally, investing in
vitality, an increasing number of companies cope with the pandemic's impact and activate the appropriate technology systems and software, such process automation and centralized management,
have shifted their focus inwards, expecting to intrinsic driving force for sustainable development. as financial management systems and supply chain optimizing resource allocation, reducing labor costs
achieve cost reduction, quality improvement, and For USI, cost reduction and efficiency improvement management software, can improve the accuracy and and error rates, and improving work efficiency and
are also critical tasks during the course of our processing efficiency of financial data, automate quality, thereby achieving the goal of cost reduction
efficiency enhancement through the promotion
business operations and development. In this regard, repetitive tasks, reduce labor costs, and error rates. and efficiency improvement.
of refined management. To sustain long-term
we will discuss how to support cost reduction and Currently, USI has made various attempts and
competitiveness, companies need to lower USI is adapting to the changes of the current era and
efficiency improvement from a financial perspective, investments in technological and automation
operating costs, reduce unnecessary expenses, is currently using the Huilianyi for expense
which can mainly be achieved through the following reimbursement processes. Electronic expense applications, integrating business operations with
and implement scientifically sound cost control aspects:
reimbursement reduces employees' manual finance, enabling various departments and the
strategies. Simultaneously, by conducting in- finance department to share and interact with data
Financial Budgeting and Expense Control processes, eliminates the need for physical receipts,
depth analysis of various financial management resources, enhancing the company's ability to
and reduces the workload of financial auditing.
metrics, companies can identify weak points in Develop reasonable financial budgets and ensure that Additionally, the shift towards paperless processes respond rapidly to market changes. It provides
each department adheres to the budget. Strictly decision-makers with accurate decision-making data
their operations, propose optimization measures, contributes to environmental sustainability and has
control expenditure, review and optimize various for more precise market predictions, thereby
and fill the gaps. Strengthening cost management become a crucial indicator of measuring the
expenses, such as reducing non-essential spending, company's commitment to sustainable development. enhancing the company's core competitiveness.
allows for obtaining equivalent or higher returns
lowering operational costs, and optimizing supply Before the formal implementation of new policies, we Through these financial measures, the company's
with lower expenditure, thus overall enhancing
chain management. Additionally, implement cost also started applying Robotic Process Automation cost reduction and efficiency improvement goals can
corporate performance. control policies to encourage resource-saving (RPA) technology for issuing digital invoices, receive effective support, and its profitability and
behavior among employees and increase work automating repetitive and rule-based tasks, reducing competitiveness can be significantly enhanced.
efficiency. manual work, and error rates. This technology can be

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