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Baihui Pharmaceutical Launches Compliance System Training for the Entire Value Chain in the Pharmaceutical Industry
Release date:
2021-09-11
On September 9, 2021, the Finance Department of Baihui Pharmaceutical organized a training session titled "Compliance System for the Entire Value Chain in the Pharmaceutical Industry" for its finance staff. The session was held in the training room on the second floor of Baihui Pharmaceutical, aiming to standardize expense reporting practices within the pharmaceutical sector, mitigate tax control risks, and enhance the professional capabilities of finance personnel.
This training session addressed key issues in Baihui Pharmaceutical's financial operations by focusing on three critical areas: the construction of a CSO company, stringent internal corporate controls, and the rational structuring of the evidence chain—each tailored to real-world scenarios. Throughout the training, finance department staff actively engaged in learning, enthusiastically discussing the company's current business model. They also delved deeply into procedural matters such as the existing expense reimbursement process for sales costs, the proper handling of expense documentation, and ensuring that invoice acquisition complies with legal and regulatory requirements.
Li Yulian, CFO of Baihui Pharmaceutical, stated that financial staff should strengthen their management skills, gain a thorough understanding of marketing business processes, fully and effectively utilize relevant policies, enhance sales personnel's comprehension of tax regulations, and further reduce the company's tax risks while boosting overall financial efficiency.
Through this training, Baihui Pharmaceutical's financial staff deepened their understanding of the operational processes within the pharmaceutical industry and gained insights into new fiscal and tax policies. This significantly enhanced their ability to interpret and apply the country's evolving financial policy directions.
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