Interview With Zhang Minya, Co-Founder And President Of Gaodeng Technology: The Year 2020 Is The First Year Of Finance And Taxation Science And Technology

Zhang Minya, President of Gaodeng Technology

It all starts with an invoice.

This scene in life has been used to for many years. When you go to a restaurant to eat, you pay for 5 seconds, but you have to wait 10 minutes to make an invoice. When you check out at a hotel, it takes a minute to check out, but it takes half an hour to wait for the service staff to make an invoice. For a long time, people seem to be used to the inefficiency of the billing scenario. Why is it so difficult to transmit the information of invoice to the initial system?

In 2017, when the country is vigorously promoting e-invoice, wechat apps are also born. Zhang Minya, President of Gaodeng science and technology, said frankly that at the beginning of its establishment, Gaodeng wanted to solve the long-standing problem of issuing invoices and the collection of personal electronic invoices by making an electronic ticket folder based on wechat applet. Based on this idea, in May 2017, Gaodeng technology, a company focusing on invoice digitization, was established in Shenzhen.

In a twinkling of an eye, the time has come to 2020. New crown pneumonia is rampant all over the world. Online education, online office, online government affairs and other online life scenes are experiencing a blowout development. The scale of financial and taxation digital services of high light technology also ushers in an exponential turning point. Up to now, Gaodeng technology has served more than 100000 enterprise users, involving more than 40 million natural person users. It has collected more than 1 billion electronic invoices and nearly 80 billion yuan of transaction authentication scale.

In Zhang Minya's view, 2020 is the first year of China's finance and Taxation Science and technology. Similar to financial technology, finance and taxation technology enables fiscal and tax coordination by means of digital technology, which solves the separation problem of previous industrial invoice circulation efficiency and standardized operation of each node in the industry.

"In fact, we want to improve the efficiency of the enterprise by providing a high-tech service platform, rather than an open platform for enterprises to control the business environment and meet the needs of enterprises by providing them with high-tech services." Zhang Minya said in an interview with the 21st century economic reporter.

Traditional finance and taxation management based on science and technology

Nanfang finance and Economics: financial and tax management is a topic that enterprises can't get around. What are the common financial and tax management pain points faced by the majority of small and medium-sized enterprises? What problems can digital means solve?

Zhang Minya: at present, under the background of digital economy, a large number of transaction forms have some typical characteristics, such as small-scale, scattered, cross regional, high-frequency and low-volume. How to operate in accordance with the regulations and reduce the comprehensive cost of the whole industry through the technology platform is our concern. However, in the traditional collection and management mode, it is difficult to verify the authenticity of transactions in the digital economy through invoices. A typical example is social e-commerce. If a large number of social e-commerce accounts want to ensure the compliance of each transaction, they need a sound financial and taxation system to support the closed-loop management of manpower, contracts, funds, payment, settlement and invoice. This is also the problem that high light technology is solving.

Nanfang finance and Economics: only three years after its establishment, what is the key to the rapid growth of high light technology?

Zhang Minya: when a large number of aircraft carriers have appeared in traditional industries, a large number of Listed Companies in traditional industries will easily lose their grasp of innovation opportunities if they want to ensure continuous growth of revenue. The fundamental reason why the financial technology team has been able to stay high in the pure Internet industry within three years. We are always innovating, driving the change of the whole industry with technology, and promoting the interconnection data collaboration within the industry.

Nanfang finance and Economics: what challenges does Gaodeng technology face if it wants to grow into a unicorn enterprise?

The first is the external environment. With the continuous upgrading of the digital economy, the form of multilateral transactions will become more and more complex. For high light technology, whether it is computing power or risk control model, it is necessary to continuously improve its own infrastructure construction ability and maintain a leading position in technology. The second is internal. In just three years, the company has grown from 35 people to nearly 1000 people. Next, it may not only be the management of 1000 people, but also the management ability of our whole team needs to be adjusted.

Digital service is the future of multilateral Market

Nanfang finance and Economics: how to treat the business core of Gaodeng technology and the moat of enterprise development?

Zhang Minya: the core of Gaodeng's business lies in multilateral services. From the beginning, it was not only aimed at enterprise services, but also to solve the problem of how to realize efficient connection among individuals, enterprises and regulators. We are concerned about getting through the transaction flow data. The so-called unique advantage is that we cut into the track is very subdivided, positioning difference is obvious. General software companies focus on unilateral services, that is, customization and customer acquisition, while Gaodeng focuses on the synergy effect and the improvement of industrial efficiency. Therefore, Gaodeng focuses on the multilateral service market and solves the core issue of compliance in the transaction link, which is the biggest difference between us and some traditional players.

Nanfang finance and Economics: what is finance and taxation technology? How to understand its definition?

The so-called technology tax is similar to the technology tax. In the past, every node in the whole industry was fragmented from financial software, billing software to declaration software. Today, with the development of invoice digitization and data collaboration technology, all the original data can be got through. We are also responsible for the identification of both parties involved in the transaction to build an authentication platform. In this process, based on the digital invoice, we precipitate the capability of the underlying fiscal and taxation cloud, and then extend a large number of new scenarios based on the cloud architecture.

Nanfang finance and Economics: how to look at the future development trend of Finance and taxation technology track?

Zhang Minya: I believe 2020 is the first year of China's finance and Taxation Science and technology. In order to improve the efficiency of fiscal and taxation, the bottleneck of digital unilateral service has appeared. It is difficult for traditional enterprises to have a large number of digital procurement demand, and the unilateral service market will continue to shrink.

At the same time, with the digital reform of Finance and taxation, the enterprise's demand for compliance has gradually increased. On the contrary, the most important thing to improve the efficiency of the whole industry is to connect and realize the data in each stage.

Through this digital reform of Finance and taxation, we judge that the market space should be more and more large.