World-class Innovative Financial Management Matrix
Benchmarking the world’s leading systems, Kingdee Constellation – Financial Cloud supports large enterprises in building world-class financial management systems. Utilizing new technologies, extensive thinking, and innovative implementations, Kingdee Constellation – Financial Cloud aims to build a new world of financial management through collaborative efforts.
Applying new technologies such as digitization and intelligence to financial management creates immense value in releasing the potential of financial digital transformation, which makes an enterprise more competitive, innovative, influential, risk-resilient, and have better control over various scenarios.
Incorporating innovative technologies like AI, RPA, OCR, NLP, and physical robots, Kingdee Constellation – Financial Cloud introduces digitized workforce that can proactively perceive and interact in real-time, ushering financial management into the era of accounting automation.
Modular Accounting Engines
Building financial engines that can be quickly assembled with heterogeneous systems, such as accounting engines, enables flexible reuse of financial and business applications. Smart technologies enable standardized and efficient handling of financial and business integration, while ensuring agility for business innovation.
Smart algorithms and gadgets help fully mine business and financial data, such as smart audit based on big data and machine learning, model-based capital projection and financing recommendations, and model-based tax risk alerts.
● Kingdee has been ranked number one in SaaS EA (Enterprise Application Software Cloud Services), SaaS ERM (Enterprise Resource Management Cloud Services), and Financial Cloud Markets in the first half of 2021.
● Ranked first in the market share of enterprise-level application software SaaS ERM (cloud ERP) and financial cloud for 4 consecutive years
Kingdee Cloud Constellation is an EBC designed for large-scale enterprises. Kingdee Constellation – Financial Cloud is a key feature, and has been supporting in bringing enterprises into the world-class level, and forging the future-proof financial management model. Developed based on innovative concepts such as event-driven accounting, value co-creation, and real-time global holographic finance, we offered technological solutions, including digital workforce, modular accounting engines, and advanced analytics. The comprehensive solutions empower large-scale enterprises to transform to financial sharing, then further to financial centralization. New applications including the revamped EPM, Global Treasury, and Smart Tax Management are reshaping financial digitization, making your company more competitive and financially robust.
Combined business travel and invoice recognition services for easy reimbursement process. Multiple scenarios for full reimbursement are supported, covering projects, contracts and instalment payments. Budgeting and expense standardization can be streamlined to effectively control and monitor marketing, operational and management expenses.
Kingdee Constellation – Enterprise-bank Cloud integrates with thousands of global banks and third-party payment platforms, providing enterprises with smart collection and payment tools, electronic receipts, electronic invoices, letters of credit, and other direct banking solutions for scenarios throughout the lifecycle of a transaction.
Kingdee Cloud Constellation – a new generation of enterprise performance management (EPM), developed based on advanced multidimensional database and cloud-native technology. The ground-breaking application disrupts the foreign monology and has created an innovative pathway for enterprises to be empowered in world-class business management.
The financial middle office represents the future of shared development model. Leveraging advanced technologies like finance engines and digital workforce, tailored financial middle offices for enterprises can be quickly assembled and highly personalized. An agile integrated application system enables further competitive advantages for enterprises. While the platform is anchored by an accounting event library, a unified “one-book account” with a centralized database is available and accessible for a company group. This approach guarantees authentic business information and makes smart data accessible.
Smart Finance is a new financial management model that involves deep interaction between humans and machines. It is an information system platform that integrates “business activities, finance, taxation, and banking”. It represents the ultimate direction of financial transformation in the age of digitization. By integrating business activities, financial scenarios, and digital technologies, Smart Finance is reshaping corporate structure and workflow, and creating an innovative financial management model.
Smart Finance reshapes corporate structure and workflow, creating an innovative financial management model. Powered by Kingdee, many large-scale enterprises have actively explored the practical application of Smart Finance, and achieved extraordinary results:
Vanke Group introduced RPA financial robots, OCR image recognition, electronic files, credit management, and other technologies in its shared financial data center. 50% of the sales documents were vetted by the Smart Audit feature, resulting in reduced manpower and improved efficiency. 21 entities have registered for the Enterprise-bank Connect system and 85 online banking robots have been deployed. The 18,000+ accounts worldwide became 100% visible and accessible for centralized management.
Hisense Group constructed an “18 key capability center + 8 major business cycles” customized system by building a financial middle platform, which enables highly efficient collaborative efforts between sales and finance. Digitized business analyses were made possible, optimizing resource allocation and capability of new value creation. The capital projection accuracy rate reached >95%. Cashflow was also significantly improved with the accelerated fund collection turnaround of 40 seconds.
Front-office: Business scenarios, agility, and service are the primary focus. Prompt response to operational needs by communicating with the back-end is also essential.
Middle-office: Professionalism, sharing, accessibility and enabling are the primary focus. The ultimate outcome is to provide an end-to-end eco-system that integrates business activities and finance, allowing data sharing and consolidated management.
Back-office: Decision-making and innovation are the primary focus. Facilitate real-time dynamic decision-making processes, projections and proactively initiating innovative projects through algorithm and modular infrastructure, in response to constantly changing business scenarios and feedback from the front-end.
Our innovative middle platform architecture adopts a new distribution structure. It enhances front-end services, while steadily advancing the back-end. The consolidation, collaborative and data-sharing approach allows reusable and general capabilities to be centralized to the middle platform, enabling flexible and on-demand resource allocation. As a result, the business is empowered with agility, innovation and velocity. Overall financial efficiency and condition can therefore be enhanced, supporting new value creation, and an integrated system that is compatible with various business scenarios.
If you have any questions, please call us at (852) 2157 9390. Our consultant will give you the best solutions for Digital Transformation.