HONG KONG SAR – Media
For enterprises, financial management is the front-runner in the process
\u00a0<\/p>\n Mr. Bowen Guo, General Manager of Yonyou Hong Kong, pointed out
\u00a0<\/p>\n Yonyou is the transformational leader that rebuilds an innovated
\u00a0<\/p>\n Managing global treasury efficiently is hard not only for Chinese
\u00a0<\/p>\n Through TMS Cloud, multinational enterprises can obtain safe and
\u00a0<\/p>\n Founded in 2003, Yonyou Hong Kong is the headquarters of the
HONG KONG SAR – Media
OutReach – 18 October 2021 – Amid Covid-19
pandemic, cross-border trades fall sharply. In order to accelerate digital
transformation and achieve durable growth for multinational enterprises, in
2020 Yonyou Network Technology has released YonBIP, a brand new business
innovation platform. This year, Yonyou launches a global treasury management
product – …<\/p>\n","protected":false},"author":1,"featured_media":18202,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/18201"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=18201"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/18201\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/18202"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=18201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=18201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=18201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nOutReach<\/a> – 18 October 2021 – Amid Covid-19
\npandemic, cross-border trades fall sharply. In order to accelerate digital
\ntransformation and achieve durable growth for multinational enterprises, in
\n2020 Yonyou Network Technology<\/a> has released YonBIP, a brand new business
\ninnovation platform. This year, Yonyou launches a global treasury management
\nproduct – TMS Cloud in Yonyou Hong Kong, the headquarters of Overseas Business
\nUnit, aiming to provide treasury management solutions for multinational
\nenterprises with cross-border businesses.<\/p>\n![](\"https:\/\/images.media-outreach.com\/Thumb\/500x0\/187006\/YY005.JPG#image-187006\")
<\/p>\n
\nof the digital transformation, and the digitalization of treasury management
\ncontinues to gain importance in the business strategies of enterprises. As
\ntreasury management becomes more complex and professional, traditional tools
\nand services can barely meet the needs in the rapidly changing markets.<\/p>\n
\nthat Yonyou has been serving Chinese enterprises treasury management for over
\ntwo decades, connecting 1,700 domestic and foreign banks with enterprises and
\nhelping more than 10,000 conglomerates to operate treasury efficiently.
\nHowever, for Chinese enterprises going global, treasury management is
\nrestricted by local policies and regulations, derailing the globalization in
\nbusiness.<\/p>\n
\nand digitalized financial ecosystem, supporting Chinese enterprises to expand
\ninternationally. The newly launched TMS Cloud will help Chinese enterprises to
\nset up a global treasury center in Hong Kong, which takes advantage of the metropolitan’s
\nrole as a bridgehead of China’s ‘domestic-international dual circulation’ and
\naccelerates the development of ‘headquarters economy’ to achieve one-stop
\ntreasury management with real-time visibility. In terms of connectivity, TMS
\nCloud will adopt cutting-edge technologies like robotic process automation
\n(RPA), directly connecting banks and enterprises with open application program
\ninterfaces (API) of banks. With the broad network of Chinese banks, TMS Cloud assists
\nChinese enterprises to establish the global cash pool for easier cross-border
\ntransaction.<\/p>\n
\nenterprises ‘going out’ to other countries, but also for foreign-owned
\ncompanies ‘coming in’ China’s market. Today, a large number of overseas companies,
\nincluding local companies in Hong Kong, still adopt the ‘twin headquarters, twin
\ntreasury centers’ strategy for treasury management in mainland China. According
\nto Mr. Guo, when investing in mainland China, overseas companies are not
\nfamiliar with the products and services of domestic banks, creating the ‘last
\nmile’ of treasury management in China that most multinational enterprises
\ncannot go through. Meanwhile, TMS Cloud demonstrates strong multi-bank
\nconnectivity, empowering overseas enterprises to manage treasury inside and
\noutside China. Yonyou will also launch TMS-API for global treasury center to
\nmanage all bank accounts in China.<\/p>\n
\nreliable payment channels, optimize payment process, significantly reduce costs
\nof building IT system, and reconciliate global accounts and transactions in
\nreal time. TMS Cloud boosts the overseas business expansion for multinational
\nenterprises and makes global treasury management smart.<\/p>\n
\nOverseas Business Unit, providing software and cloud services to enterprises in
\nHong Kong, Macau, Taiwan, ASEAN countries, Australia, and other countries in
\nthe Asia-Pacific region. Based in Hong Kong, Yonyou Hong Kong leverages the
\ncity’s role as a gateway between the East and the West, boosting the process of
\nglobalization for enterprises. Yonyou’s subsidiary Chanjet Information
\nTechnology (1588.HK) is listed on Hong Kong Stock Exchange.<\/p>\n<\/p><\/div>\n\n
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