Yonyou held Yonyou BIP Overseas and Globalization 2.0 Strategy Conference in Hong Kong on May 9th, 2023, which launched “New Products, New solutions, New Regions” Globalization 2.0 Strategy and promoted Yonyou BIP, a cloud service product, introduced global product solutions for financial management and human resources to serve global enterprises in their digital intelligence transformation. Moving from local expansion to global expansion, Yonyou goes global based in Asia Pacific, and will continue to expand our business in Hong Kong, Macau, Taiwan and Southeast Asia, and branch out into Europe, America, Japan and the Middle East.
Founded in 1988, Yonyou has always the enterprise software and service industry and is the only APAC vendor in the Top 10 of both the aPaaS market and ERP SaaS market. Yonyou keeps leading in the cloud service market of Chinese enterprises and has been the No. 1 in the SaaS market of Chinese enterprises and SaaS market of mega and large enterprises for years.
The conference started with a welcome speech by Stephen Philips, Director-General of Investment Promotion of Invest Hong Kong, to celebrate the 20th anniversary of Yonyou Hong Kong.
At the conference, Wang Wenjing, Chairman and CEO of Yonyou, said in his speech, in 2023, Yonyou upgraded its global business system from Globalization 1.0 to Globalization 2.0, and went global from Asia Pacific. Yonyou needs to branch out into markets in Europe, North America, Japan and the Middle East while expanding the business in Southeast Asia to further leverage the globalization of products. Yonyou also needs to cooperate with more ISVs, professional service providers and other eco-partners in global industries and fields, providing localized and personalized services in stationed countries for the globalized expansion of Chinese and global enterprise customers.
New Products
Globalized application, localized services and data safety and compliance are the 3 most concerned issues in the establishment and operation of digital intelligence system for global enterprises.
Based on 35 years of Know-how in the industry, cooperation with countless customers, as well as the new digital and intelligent technology, Yonyou has strategically invested in forming the largest R&D team among similar manufacturers in China, and has spent 7 years in R&D to create Yonyou BIP, a new main product to serve enterprises with digital intelligence, which has reached a global leading level in 3 aspects: platform technology and application architecture, field and industry application, and ecological system.
Yonyou BIP covers 10 areas: finance, human resources, supply chain, procurement, manufacturing, marketing, R&D, project, asset and collaboration, offering the integrated application that covers enterprise business and manages main areas. It is the largest enterprise application service group in the world, meeting the requirements of converged application as enterprise digital intelligence enters a new stage.
Capabilities such as multilingual, multi-time zone, multi-format, multi-currency, multi-criterion, localized access, etc. are supported in Yonyou BIP, which develops regionalized and localized application presets to further expand the use of localized application based on customers’ business application scenarios and globalized data models.
Yonyou Singapore IDC has been enabled since March 2022, greatly enhancing data security compliance and protecting users’ privacy to serve more overseas customers. In 2023, YonBIP, the main product of Yonyou Cloud Services, as well as YonSuite and Overseas IDC, were operated in scale and promoted to the world formally, marking Youyou Overseas’ official entry into 2.0 Development Stage.
New Solutions
Under Globalization 2.0 Strategy, Yonyou BIP released global product solutions in finance and human resources. For finance, based on “Events” Approach to Basic Accounting Theory, Yonyou BIP provides enterprises with digital intelligence solutions such as multi-data center deployment, data security, multi-criterion accounting, global treasury, global reporting and consolidation, etc., to address their needs for global financial management to realize the integration of business and finance.
For human resources, Yonyou BIP, with a global perspective, supports the globalization of human resources management by optimizing employee management platforms, leave management, payroll accounting and other application and business structures globally. It offers global talent services such as global management, overseas talent recruitment, global assignment, cross-regional collaboration, talent data governance, etc., which help enterprises realize global management of employee information and localization of payroll accounting and leave rules, making it easy for them to build talent supply chain globally.
New Regions
Yonyou has gone through Globalization 1.0 – based in Hong Kong, serving Asia Pacific which achieved excellent results. We have established 7 organizations in Hong Kong, Macau, Taiwan, Singapore, Malaysia, Thailand and Indonesia, covering more than 40 countries, serving more than 1,000 mid-to-high-end overseas customers and forming a professional overseas team of more than 400 people.
After entering Globalization 2.0 – based in Asia Pacific, serving the world, according to Bowen Guo, General Manager of Yonyou Overseas and General Manager of Yonyou Hong Kong, the goal is to complete deployment in main regions around the world within a year, branching out into Europe, North America, Japan and the Middle East to realize the implementation in more than 100 countries within 3 years. In the coming years, Yonyou will increase the market share globally and strengthen cooperation with global customers and eco-partners, in the meantime, promoting product globalization and optimizing R&D deployment to enhance Yonyou’s market competitiveness and product innovation capabilities.
During the 20 years of development, Yonyou Overseas has the best practice of cooperating with thousands of mid-to-high-end customers, serving large and growing overseas enterprises in key industries such as finance, retail, real estate, construction, and trade to carry out digital intelligence transformation. Yonyou Overseas supports cross-border management and empowers business innovation. For example, Yonyou helped a large traditional Chinese medicine group build a global digital operation platform with the integration of finance, supply chain, human resources and OA in Hong Kong to promote the internationalization of traditional Chinese medicine. Yonyou helped a famous auto distributor in Hong Kong to realize cross-border financial sharing between Mainland China and Hong Kong, building a network of 500 finance employees for more than 140 stores. And Yonyou helped a globally renowned telecommunications operator build a global human resources management platform to manage employee performance across 35 countries and regions around the world, connecting 25 sub-processes to achieve closed-loop human resources management.
With more and more Chinese enterprises leading the world in digital intelligence, Yonyou will accelerate its global development strategy to serve the world with innovative technologies and products, with the goal of building services covering more than 100 countries and regions within 3 years.
Yonyou will create a win-win cooperation ecosystem with the world’s top digital companies, ISVs in industries and fields, and professional service providers, and there will be greater cooperation in platforms introducing, applications developing, autonomy and control, cooperation and innovation, and marketing to provide global customers with better quality, more comprehensive and convenient enterprise application software and cloud service solutions. Breaking geographical boundaries and accelerating digital intelligence for enterprises.
