Recently, China Automotive Engineering Co., Ltd. (CAE) and Tianjin Yonyou Software Technology Co., Ltd. (Yonyou Tianjin) have entered into a deep collaboration, successfully convening the kickoff meeting for CAE's Global Financial Digital Intelligence Project. Attendees included CAE's Financial Director Chen Meixia, Finance Department Head Zhang Yiwen and various deputy heads, Information Center Head Guo Keke, overseas regional financial heads, Yonyou Network's Super Edition Delivery Director Bai Jinyong and Technical Director Cai Pingxin, along with Yonyou Tianjin's Data and Intelligent Business Department General Manager Liu Junmin, Marketing Director Lu Jia, and the project teams from both domestic and international offices. As the first state-owned enterprise (SOE) from Tianjin to embark on such an overseas digitalization project, this initiative holds significant importance for CAE's internationalization and digital intelligence strategy, and is set to provide a benchmark model for local Tianjin enterprises in financial digitalization for overseas operations.
The meeting commenced with CAE Deputy Finance Head Sun Fengling extending a warm welcome to the Yonyou team. This was followed by introductions from both sides to clarify roles and responsibilities, laying a solid foundation for efficient future collaboration. Deputy Head Sun Fengling emphasized that the project aims to achieve a new breakthrough in localized overseas financial system construction. Upon the system's official launch, it will effectively take over basic overseas tasks currently handled by domestic staff, leveraging the BIP system to reduce operational burdens and enhance efficiency. The kickoff also served to familiarize all overseas financial heads with the project's content and implementation plan, fostering collaborative synergy to steadily advance the orderly digital transformation of overseas financial operations.
Project Manager Lin Yonggang stated that the collaboration with CAE aims to establish a new system of "global operations with integrated business and finance." The project will reclaim autonomous control over overseas accounting and bookkeeping, enabling unified group management. It will achieve parallel accounting under both Chinese and international standards, support multiple currencies and languages, integrate the data middle platform with the reporting platform, and form a closed loop for business and financial data. The initial phase will cover four overseas companies in Thailand, Indonesia, Malaysia, and Germany, with subsequent expansions in batches. Deployment will utilize a domestically centralized, dedicated cloud, with completion and acceptance targeted by year-end to support compliant and efficient overseas business operations and facilitate the implementation of a globalized strategy.
Leveraging Yonyou BIP, the project will connect with the data middle platform to source business data from a single origin, construct a multi-standard parallel accounting system, simultaneously generate accounts and reports under both Chinese and international standards, reclaim autonomous control over overseas accounting, automatically transmit PRC-standard vouchers to the reporting platform, achieve unified control over all overseas financial operations, ensure consistent and traceable business-financial data, meet dual compliance reporting requirements, and support standardized, digitalized overseas business operations. Key implementations include: adjusting accounting responsibilities by reclaiming overseas accounting authority for group management with overseas personnel handling local accounting under full-process group control, eliminating third-party dependencies; ensuring dual-book compliance with a globally capable overseas accounting system supporting parallel accounting under Chinese and international standards, generating multiple sets of accounts and reports from a single source, adapting to multiple languages and currencies to meet local compliance, internal management, and reporting needs; and achieving seamless data integration where the overseas accounting system integrates flawlessly with the data middle platform and reporting platform for single-source data extraction and automatic voucher transmission, enabling complete data flow and process closure.
CAE leaders including Chen Meixia, Zhang Yiwen, Guo Keke, and Sun Fengling expressed approval of the project plan, emphasizing the need to meticulously organize requirements and prioritize training and testing. By unifying data standards through the data middle platform to reduce process interruptions caused by data discrepancies, and leveraging mature outcomes from past overseas projects to minimize redundant梳理 work, the project also acknowledges the work pressures faced by overseas financial personnel, with both parties committed to enhancing communication to jointly address various project challenges.
Yonyou Network's Bai Jinyong and Cai Pingxin affirmed their commitment to coordinating headquarters resources, monitoring project progress, utilizing AI technology to reduce workloads, and establishing the project as a benchmark. They also proposed setting up a dedicated operations and maintenance group for 24/7 support and recommended early需求 assessment to avoid revisions. Liu Junmin and Lin Yonggang stated that the Yonyou team would implement headquarters' requirements, leverage the overseas experience of colleagues from the international business division, fully advance project construction, execute all work deployments, and ensure the project's timely launch.
CAE is a central enterprise headquartered in Nankai District, Tianjin, affiliated with the Fortune Global 500 company China National Machinery Industry Corporation Ltd. With over sixty years of development history, CAE is based in Tianjin and currently oversees 13 directly managed subsidiaries and 9 overseas wholly-owned subsidiaries and representative offices, with operations spanning more than 40 countries globally. Upholding the mission of "better serving automobile manufacturers," it serves over 80% of automotive industry clients, has undertaken more than 30,000 projects, and focuses on three core businesses: engineering technical services, engineering procurement construction (EPC), and equipment production line system solutions. It possesses full-cycle, full-industry-chain engineering technical service capabilities from consultation, survey, design, R&D, manufacturing, installation,调试, delivery, to operations and maintenance. Beyond the automotive sector, its business covers agricultural machinery, engineering machinery, light industry, home appliances, civil construction, and has diversified into rail transit, environmental protection, logistics, and intelligent operations.
Yonyou has been rooted in Tianjin for thirty years,始终 resonating and growing alongside Tianjin enterprises. It empowers various industries with digital intelligence, supports industrial upgrading with professional services, and has deeply participated in and witnessed Tianjin's economic transition from rapid growth to high-quality development and enterprises' shift from digitalization to AI-driven digital intelligence. Yonyou Tianjin has become a core partner for local enterprises in digital transformation. Moving forward, Yonyou will continue to leverage AI technology and the Yonyou BIP platform as engines, deepen collaboration among government, enterprises, universities, and industries, empower Tianjin enterprises to accelerate into the intelligent new era, and support the high-quality development of the regional digital economy.
The collaboration between CAE and Yonyou began in 2019, from NCC system construction to launch, with both parties accumulating rich cooperative experience. The information platform operation has become increasingly mature and stable. This deep strategic cooperation will precisely empower CAE to steadily expand into overseas markets and efficiently achieve the layout for Chinese enterprises going global. In the future, Yonyou Tianjin will continue to assist local enterprises in seizing global development opportunities, breaking through barriers in cross-border operations, and leveraging digital intelligence capabilities to escort本土 enterprises as they set sail and expand their international footprint.
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