Counting the major trends in the current financial management of enterprises, fund management is hot out of the circle.
At the beginning of this year, the State-owned Assets Supervision and Administration Commission issued a notice on "Opinions on Promoting Central Enterprises to Accelerate the Construction of the Treasury System and Further Strengthen Fund Management.". The notice emphasizes that with the rapid evolution of technology and the updating and iteration of financial payment methods, traditional capital management has been difficult to adapt to the new requirements of enterprise modernization management and digitalization of state-owned assets supervision. To this end, the use of digital intelligence to empower the construction of the treasury system and strengthen fund management has become an urgent task for state-owned medium- and large enterprises.
Under the guidance of such policies, based on years of market insight and customer practice, Yonyou takes the opportunity of the digital and intelligent transformation of treasury management to provide a "transaction-level treasury cloud" for enterprises of all sizes to promote the establishment of a sound treasury management system.
So, what is a transactional-grade treasury cloud? What are its advantages and capabilities? And what kind of customer value and industrial value is created? Find out below.
The logic and advantages behind "transactional grade"
In layman's terms, the transaction-level treasury cloud is to integrate the business-side information of the enterprise and the bank transaction information, integrate the core trading system with other systems, help the enterprise manage each transaction, and achieve safer, smoother and more convenient transaction processing.
Different from the traditional ledger-based treasury system, the data of the transaction-level treasury cloud is real-time and dynamic, and the transaction can be activated with the help of direct bank-enterprise connection, which can support the occurrence of real-time transactions of enterprises.
For example, in the enterprise payment scenario, the original financial personnel must first go to the bank to handle business. Now, the Yonyou transaction-level treasury cloud can be directly embedded in the bank's financial services, opening the bank counter into the enterprise scenario, and the financial personnel can complete the processing in the enterprise capital system.
It's easy to say, but there's a deeper value behind it. By integrating data, it can help managers locate the pain points of funds throughout the business process in order to solve problems in a timely manner. Banks can also provide more accurate financial services based on this pain point.
So, how to correctly understand the "transaction level"?
From the perspective of financial personnel, this is equivalent to moving super online banking into the treasury cloud. They can directly access the bank's core system with the touch of a button to complete cash settlement, bill settlement, non-cash transactions, etc., making the treasury cloud tradable and processable.
From the perspective of IT personnel, based on big data technology, transaction-level treasury cloud records and accounts for the raw data of business occurrence in real time, making it possible for enterprises to record accounting, real-time budgeting, real-time costs, and business reconciliation.
Today's market environment is fraught with uncertainty, and perhaps because of a problem with a loan, the company loses its vitality. The biggest advantage of Yonyou's transaction-grade treasury cloud is to manage the liquidity of corporate funds in real time and control capital risks. Yonyou said that the "transaction level" not only reflects the relationship between the layers of funds, but also promotes the revolutionary change of corporate capital management from extensive to refined.
In addition to the "transaction level", Treasury Cloud has a second advantage that other products cannot match, that is, the underlying support platform - Yonyou BIP.
As an industrial chain-level business innovation platform, Yonyou BIP's "platform + ecology" service model weaves the business and management of enterprises into a network to meet the various digital and intelligent transformation demands of enterprises from horizontal to edge and vertical to the end. In the integrated model, treasury management can be extended to all levels of the enterprise, whether it is front-end business or back-end banking.
However, for businesses of different sizes and types of operations, their needs for treasury management vary.
Large central state-owned enterprises are based on the rigid needs of policies and reshape operations and management with the help of the construction of digital warehouses of enterprises; listed companies hope to achieve real-time capital management based on the demand for capital hedging; growing enterprises combine the trend of online business to cloudize treasury management; and small and micro enterprises realize cash management through the lightest mobile online banking.
In order to meet all of the above demands, Yonyou has created the third advantage of the transaction-grade treasury cloud, that is, to empower enterprise treasury management with three solutions.
For large and medium-sized group enterprises, Yonyou provides TMS solutions with the goal of resource sharing and strategic synergy, helping enterprises to manage the group's financial resources such as credit, guarantee, and bill pools, and internally allocate and price these resources. At the same time, a variety of financial instruments are used to avoid capital risks and promote enterprises to build a global capital management system.
For high-growth growth group enterprises, fast capital turnover and tight capital chain are their typical characteristics. To this end, based on the MBS solution, Yonyou helps enterprises to timely understand the capital position of the whole group, adjust funds within the group, reduce the cost of funds, control business development with funds with the help of centralized receipt and payment forms, and in addition, Yonyou will assist enterprises to expand investment and financing channels to help them grow rapidly and innovate and develop.
For independent enterprises, simple and convenient cash management and settlement transactions are their core demands. Yonyou CMS solution takes lightweight mobile terminal products as the entry point to help enterprises instantly grasp the balance of funds, monitor key transactions, effectively reduce payment risks, and timely collect and record accounts to ensure the normal operation of enterprises.
At present, there are countless treasury management products on the market, and financial institutions, traditional software vendors, and cloud service providers are veteran players in this track. However, only Yonyou with the "transaction-grade" trend, so that the treasury cloud is more pragmatic, pure and sexy!
Customer value and industrial value are both received
In the field of money management, Yonyou has been working hard for many years and launched the Treasury Cloud in 2018. As the management perspective of enterprises has shifted to the front end, many enterprises have begun to realize the importance of capital management. At the same time, Yonyou accelerated the expansion of banking channels, actively promoted the integration of financial services, and improved the capabilities of products.
This year, riding on the express train of "enterprise digital four-library construction", Yonyou will comprehensively upgrade the treasury cloud and take the lead in launching a "transaction-grade treasury cloud" with real-time transaction characteristics in the market, which has won high recognition from banks and customers.
As one of the eight core SaaS services on Yonyou BIP, transaction-level treasury cloud advocates "one body and two wings", one end is directly connected to the financial services of the bank, and the other end is connected to the business scenario of the enterprise, which can ensure that all transactions are online and correspond to the business one by one. More importantly, in the business chain of the transaction-grade treasury cloud, all parties are mutually beneficial.
For banks, on the one hand, they can provide personalized financial services for enterprises and increase intermediate business income, on the other hand, they can also get more high-quality customers; for Yonyou, on the one hand, it opens up the direct connection channel between banks and enterprises to enhance product competitiveness, on the other hand, it can jointly operate the treasury management platform of enterprises with banks to better empower customers; and for enterprises, with this platform, it will get more accurate services and strengthen capital control.
It has to be said that the emergence of the Yonyou transaction-level treasury cloud not only represents the latest development trend in the field of treasury management, but also it will break the existing competitive pattern, and it is just around the corner to lead the development of the industry on the track in the future.
In addition to industrial value, transaction-grade treasury clouds also create immeasurable customer value. How powerful is it? As early as a few years ago, Conch Cement built a treasury management module based on the digital platform, embedding services such as bill management. This directly brought an average of 10 billion yuan in daily deposits to a secondary branch in Wuhu, which not only greatly reduced the financial management expenses of Conch Cement in that year, but also brought practical benefits to the bank.
Since 2003, Yonyou Transaction-grade Treasury Cloud has docked with 1,700 banks, serving 10,000 large enterprises, 50,000 growth enterprises and more than 100,000 small and micro enterprises. Based on the right direction and good customer service, they have won the favor of many large enterprises, and have accumulated a lot of practical experience in the pharmaceutical, automotive and other industries.
From project-based, modular to truly productized, Yonyou's transactional-grade treasury cloud is sublimated in the process of meeting customer needs!
Sifang shares and treasury cloud "two-way rush"
Sifang co., Ltd. is a leader in the energy and industrial automation industry. With the rapid development of smart grids, enterprises have encountered unprecedented challenges in financial management, especially in capital management.
On the one hand, the large number of documents and heavy work often plague grass-roots employees. The fund management department checks the data of nearly 200 payments every day and enters them in the bank's online banking system. This is not only a waste of manpower, but also a risk of error.
What is more headache for financial personnel is that for each receipt data of the bank transaction, the financial personnel need to manually download, print and submit it to the business personnel for confirmation to ensure the progress of the next work; for each receipt data of the bank, the fund management department needs to upload it to the internal platform of the enterprise in time to ensure the smooth progress of the next step of the delivery and other business.
Combined with the above pain points, Sifang Plans to take the transformation of financial digital intelligence as a breakthrough, take the capital receipt and payment platform as the anchor point, and realize the dual innovation of management and business with the help of the UFIDA transaction-level treasury cloud. Through the bank-enterprise cloud service, Sifang co., Ltd. has built a data bridge between banks and businesses, and realized the point-to-point real-time sharing of data.
At present, after the electronic flow of sifang shares payment is approved in the internal business system of the enterprise, the payment instruction is automatically transmitted to the Yonyou payment workbench, and the fund management department conducts centralized approval, and then realizes automatic payment through the bank-enterprise union.
At the same time, after the banking system completes the payment, the status of successful payment is returned to the business system of Sifang Shares in real time. The bank transaction receipt generated by the revenue and expenditure business can be automatically downloaded and transmitted to the internal electronic stream of the enterprise on T+1, which is convenient for business personnel to download.
Through the UFIDA transaction-level treasury cloud, Sifang co., Ltd. has innovated the financial control model, which has brought tangible effects to the company's capital risk control, cost reduction and efficiency increase.
Comments: The social value of the treasury cloud will eventually be released
From transaction processing and centralized control to optimizing services and customer operations, Yonyou promotes the reform of enterprise capital management with transaction-level treasury cloud, realizes value creation with digital, intelligent and ecological treasury management services, and becomes a strong guarantee to support the landing of corporate strategies and deal with financial risks!
In recent years, the UFIDA transaction-grade treasury cloud has developed at a rapid pace of tripling its annual growth, especially in 2021, which has continuously broken the ice in the trillion-level enterprise market, boosting internal confidence. In the future, they will continue to improve the capabilities of products, optimize product experience, accelerate ecological construction, and carry out deeper cooperation with various banks to better serve enterprises.
But is that all? Its practical friends also released their ultimate goal, that is, to build the treasury cloud into a social-level financial infrastructure, empowering the real economy and industry!