Integrate global and local finance to achieve centralized financial control

Yonyou NC6 offers multi-mode financial control solutions. It builds a multi-level group control system and integrated information management platform. Vertically it achieves business interaction and information exchange between group headquarters and subsidiary enterprises. Transversely, it achieves business collaboration between different business sectors and industry chains, promoting the development of the whole group.

• Accounting platforms for multi-group and multi-organization, supporting settlement at BU level
• Integration of finance and business realizes real-time finance control and business collaboration
• Documents and vouchers synergism, making it easy for internal reconciliation
• Fast, accurate, and real-time financial reports, supporting a better decision making process and employees’ performance appraisal
• Integrate global and local financial operation, complete settlement and reports under multi-policy, and separate internal reports from external

Integrate multi-level and multi-mode fund management mechanism to build up a holistic fund management platform

Diversified group enterprises with multiple levels have multi-level capital organizations and diversified fund management modes. Yonyou NC focuses on the stability of a group’s overall fund equilibrium and comes up with the platform, which maintains an advanced asset-liability structure and makes use of advanced IT technology and cutting-edge enterprise financial management mechanism. The comprehensive, real-time and effective fund management data provided by the platform enables companies to control fund risk, accelerate capital turnover rate, and improve the fund use efficiency.

• Payment scheduling
• Support for the payment of the employee reimbursement using commission payment the whole time
• Automated bank reconciliations
• Flexible and efficient settlement for multi-level business centers
• Support for setting proxy settlement accounts
• Support for sharing bank accounts across multiple business units within the enterprise
• Flexible funds plan
• Centralized management of bills
• Internal loan management

Build up a real-time monitoring system throughout the whole budgeting and executing process

yonyou NC6 is committed to build up a holistic budgeting and planning system, which integrates strategical objectives, annual budgeting as well as monthly business operations. It supports multi-level and multi-mode budgeting applications, satisfying the need of budget consolidation, a holistic and process-based budgeting evaluation mechanism.

• Automation of calculation, summary and decomposition
• Budgeting status enquiries for all items
• Improve budgeting data accuracy by prediction and simulation using historical data, management approval data, and collaborating BU budget data
• Integrate budgeting, monitoring, analysis and adjustment
• Integrate with BPM closely and ensure that the strategy is the core of budget management

Build up a comprehensive process of cross-organization expense budgeting, expense planning, expense application as well as expense reimbursement

yonyou NC takes advantage of the advantage of the reimbursement platform, focusing on the total cost control and principles of economics. Having access to the real-time budget status, employees can arrange business activities efficiently and effectively so that the capital turnover could be improved.

• Complete reimbursement process
• Shared Financial Service Center
• Cross-organizational reimbursement
• Prepaid expenses processing
• Cost inquiry and analysis

Provide a centralized profit center with a unified and flexible grouping methods for complex multi-group organizations

Taking the profit center as the core of accounting, Yonyou NC provides an information system based on the unified mechanism of responsibility, right, and benefit. This system can complete the internal accounting of the profit center according to the elements of management accounting, integrating the accounting system and business system closely so as to achieve a comprehensive, efficient and accurate management for group enterprises.

• Internal accounting system for the profit center of group enterprises
• Defining, collecting and recording business volume
• Process the internal settlement of enterprise
• Cost sharing between responsibility centers

Understand the profitability of products, projects and operations to determine and forecast the production capacity and the demand for resources

Yonyou NC supports the cost management of products, operations and projects in real-time, full-range, and the whole life-cycle process. The thinking idea is to provide enterprises with strategies and operational decisions in the state of best cost management, to prompt the corporate profit growth.

• Standard cost calculation
• Cost sharing
• Multi-organization cost calculation
• Outsourcing cost calculation

Support enterprise globalization and localization at the same time.

To fulfill the need for international and customized management, Yonyou NC supports the international application of basic technical classes and libraries, such as time format and log framework, offers multilingual interface, metadata as well as business data, and allows multiple roles and levels of personalized configuration.

• Multiple languages and data formats
• Multiple time zones
• Multi-currency environment
• Multiple accounting standards and policies
• Multiple roles and levels of personalized configuration