On May 9, as the world’s leading enterprise digital intelligence software and cloud service provider, Yonyou held a globalization 2.0 strategy conference in Hong Kong. Based on the new generation of digital intelligence business innovation platform – Yonyou BIP, Yonyou upgraded its global business system, and while further deepening the Southeast Asian market, it launched to expand the European, North American, Japan, and Middle Eastern markets, and provided localized services for the global expansion of enterprises.
The pace of globalization of Chinese enterprises has accelerated
Digital intelligence, greening, and globalization are the three major development trends of contemporary enterprises. Among them, globalization is one of the important strategic directions for the development of Chinese enterprises. In the new international environment, in order to adapt to changes and further expand a wider market space, many industry-leading Chinese companies have accelerated their overseas expansion and accelerated the pace of global business development. In the process of going overseas, Chinese enterprises need more powerful enterprise digital intelligence software and service support, so as to improve global operational efficiency and control capabilities, enhance global competitiveness, and support leading enterprises to accelerate their journey to world-class enterprises. At the same time, on the soil of more and more Chinese enterprises leading global peers in digital intelligence innovation, the global competitiveness of the products and services of enterprise software and service manufacturers growing in China has also been significantly improved, not only to serve Chinese enterprises going overseas, but also to serve more and more overseas local enterprises.
From the Asia-Pacific region to the world, Yonyou upgrades its global business system
Founded in 1988, Yonyou has always focused on the enterprise software and service industry, according to Gartner data, Yonyou is the only Asia-Pacific manufacturer in the top 10 of the global ERP SaaS market, the only Chinese manufacturer in the top 10 of the global application platform software, and the top 10 manufacturers in the global finance (FMS) market. At the same time, according to IDC reports, in China’s aPaaS market, enterprise application SaaS market, and ultra-large and large-scale enterprise application SaaS market, Yonyou has ranked first in market share for many years.
At the press conference, Wang Wenjing, chairman and CEO of Yonyou Network, said in his speech that in 2023, Yonyou will upgrade its global business system, from Globalization 1.0 to Globalization 2.0, from Asia-Pacific to the world, and while deepening its business in the Southeast Asian market, it will start to expand the European, North American, Japan, and Middle Eastern markets, further leverage the advantages of product globalization, and cooperate with more ecological partners such as ISVs and professional service providers in more global industries and fields to expand globalization for Chinese and global enterprise customers. Provide localized personal services in the host country.
Yonyou’s global business began in 2003 with an overseas headquarters in Hong Kong. So far, Yonyou has been rooted in overseas markets for 20 years, with branches and localized service teams in Singapore, Malaysia, Thailand, Indonesia and other places, covering more than 40 countries and regions, and the number of overseas ERP customers and revenue scale ranking first among domestic peers. In the past 20 years, Yonyou has delivered thousands of projects for local enterprises and institutions in Chinese enterprises going overseas, cross-border, and overseas, covering many fields such as finance, human resources, marketing, manufacturing, procurement, and collaboration, as well as finance, retail, real estate, construction, and trade. Including China Harbor, Power Construction International, China Local Group, China Metallurgical International, China Cotton Group and many other central enterprises, as well as a number of well-known local enterprises such as J&T J&T Express, Tong Rentang, Weihai International, DCH Group, AAMI, AECOM Hong Kong, UAF Hong Kong, BNPP Hong Kong, Chow Sang Sang, Henderson, New World, Electric Power Macau, Macau Water Supply, Shun Tak Group, Wynn, Walsin Lihua, Xunwei, Wistron, SK Jewelry, Kepple, CHS, MCC, Overseas local companies such as Raffles, Elken, INTI, Evergreen, and HRC have chosen Yonyou’s products and services to promote the global development of enterprises, information construction and digital intelligence transformation and upgrading.
The world’s leading Yonyou BIP provides digital intelligence empowerment for enterprises to globalize
Global applications, localized services, data security and compliance are the three most concerned issues of global enterprises in the construction and operation of digital intelligent systems. In recent years, Yonyou has strategically invested in the development of a new generation of platform and application service group to serve the digital intelligence of enterprises – Yonyou BIP, which has reached the world’s leading level in three aspects: platform technology and application architecture, field and industry application, and ecosystem.
Through the “three middle platforms + three platforms”, that is, the business middle platform, the data middle platform, the intelligent middle platform and technology platform, the low-code development platform and the connection integration platform, as well as the two major systems of digital intelligence engineering and sustainable operation, it creates a digital intelligence base that understands business better, is technologically leading, and has a complete system, and has become the preferred choice for many leading enterprises in the industry to upgrade the digital intelligence base.
Yonyou BIP covers ten major fields: finance, human resources, supply chain, procurement, manufacturing, marketing, R, projects, assets, and collaboration, providing integrated applications covering the main fields of enterprise business and management. Yonyou BIP supports multi-language, multi-time zone, multi-format, multi-currency, multi-criterion, localized access and other capabilities, and carries out regionalized and localized application presets based on customer business application scenarios, relying on global data models to further expand the scope of localized applications. Openness and integration, ecological co-prosperity, and jointly creating value for customers are one of the development policies of Yonyou BIP. The Yonyou BIP ecosystem is growing rapidly, with 521 professional service partners and nearly 2,500 ISV partners, connecting more than 2,100 domestic and foreign banks, and establishing in-depth cooperation with various partners such as telecom operators and cloud computing service providers to continue to develop global delivery capabilities to serve the global and high-quality development of many enterprise customers. The Singapore data center was put into use in March 2022, completely isolated from domestic data centers, ensuring data security, solving data security compliance issues, and supporting more Chinese companies to go overseas.
At the meeting, Yonyou BIP released global product solutions in the field of finance and human resources. Facing the financial field, based on the accounting theory of the matter method, Yonyou BIP provides enterprises with digital intelligence solutions such as multi-data center deployment, data security, multi-standard accounting, global treasury, global reporting and merger, etc., to solve the global financial management demands of enterprises and help enterprises achieve global business and financial integration. Facing the field of human resources, Yonyou BIP supports the globalization of enterprise human resource management by optimizing applications and business structures such as global employee management platform, global leave and attendance management, and global payroll accounting from a global perspective, and provides global talent services such as global control, overseas talent recruitment, global dispatch, cross-regional collaboration, and talent data governance, helping enterprises achieve global management of employee information, localization of salary accounting, and localization of leave and attendance rules, and better support enterprises to build a global talent supply chain. JT Express, a global integrated logistics service operator, also brought a leading practice sharing of joining hands with Yonyou to jointly build a global digital and intelligent operation and management platform. JT Express has nearly 35 employees around the world, with an express delivery network covering 13 countries and international logistics business covering 86 countries and regions. The person in charge of J Express said that through working with Yonyou, J Express has built a digital and intelligent logistics operation and management network, sorting out more than 2,400 business scenarios, and implementing more than 200 companies in 15 countries, covering more than 3,000 financial and business users, providing global customers with full-scenario, efficient and sustainable logistics solutions, and providing the ultimate logistics experience for more than 2 billion people around the world.
Popularize Yonyou BIP to make digital intelligence successful in more enterprises
As more and more Chinese enterprises take the digital and intelligent construction to the forefront of the world, Yonyou will accelerate its global development strategy and serve the world with innovative technologies and products, with the goal of achieving service coverage in more than 100 countries and regions within three years. Yonyou is committed to using creativity and technology to promote business and social progress. In the new era, under the guidance of this mission, Yonyou will enable the innovation and progress of digital intelligence business innovation and progress of customers in China and around the world by popularizing Yonyou BIP, so that digital intelligence can succeed in more enterprises!
