Kingdee

Picture Name

Jinjiang City Investment

Large enterprises

Products & Services: Integrated Group

Jinjiang City Investment: fine management, risk prevention, auxiliary decision-making

 

Customer Overview

 

Fujian Jinjiang Urban Construction Investment and Development Group Co., Ltd. was established in August 2009. It is a type of state-owned enterprise wholly-owned by Jinjiang State-owned Assets Operation Guarantee Center. It is responsible for the investment, construction, investment and financing of urban construction projects in Jinjiang City. The company's main business is urban infrastructure construction, regional transformation and policy housing investment and construction, land consolidation and development, real estate development and construction of major projects approved by the government, and urban public resource development and management. The registered capital of Urban Construction Group is 2001.36 million yuan, the company's asset scale exceeds 100 billion yuan, the main body and debt rating is AA, and the rating outlook is stable.

 

Jinjiang Urban Construction Group is the leader in the development of Jinjiang state-owned enterprises and the main force to promote the development and construction of Jinjiang city. It has a large goal and high positioning. In the process of rapid development, Jinjiang Urban Construction has established and merged many subordinate enterprises, but has not made unified information planning. As a result, the group's internal information islands are serious, data sharing and business collaboration are difficult, which brings certain challenges to the group's strategic landing.

 

Business challenges

 

As a newly established group company in 2020, Jinjiang Urban Construction Group has been highly expected by Jinjiang government and SASAC, and has developed rapidly in the past two years. However, there are many heterogeneous systems within the group, which has become a constraint to the development of the group to a certain extent. Therefore, the construction of a new unified group management and control platform is an urgent problem for Jinjiang Urban Construction Group to solve.

 

Not unified: 44 companies under Jinjiang Urban Construction Group were independent enterprises before the integration. The information systems of each subsidiary were selected by themselves. After the integration, there were many information systems in the group. Therefore, there were problems such as non-unified platform, non-unified system and non-unified main data. As a result, the data were not interoperable, the reimbursement system and approval process were inconsistent, and the group could not monitor in time and lacked standardization.

 

Low efficiency: Jinjiang Urban Construction Group's steel, coal and other bulk trade, financial accounting voucher production, consolidated statements, budgeting, control, analysis mainly rely on manual completion, resulting in heavy workload, low efficiency, can not meet the control requirements.

 

Weak wind controlInvestment and financing is an important activity of Jinjiang Urban Construction Group. Due to the imperfect risk control system, lack of investment and financing platform and the management of the whole process, Jinjiang Urban Construction can only rely on offline manual operation and management in investment and financing activities. The identification, prevention and control of risks are not timely and comprehensive, which has caused certain hidden risks to the group.

 

analysis difficult: Due to the numerous internal systems of Jinjiang Urban Construction Group, the data are not interoperable, the data caliber is inconsistent, and the problem of information isolated island is serious. Therefore, when the group management needs statements, it needs to spend a lot of labor and time to fetch numbers, and then manually make EXCEL tables, which is inefficient and inaccurate, which is not conducive to the group management to make business decisions.

 

Solution

 

According to the construction goal of "strong control and risk prevention" of Jinjiang urban construction, based on Kingdee EAS, a blueprint for the construction of an integrated financial management platform for Jinjiang urban construction industry was constructed, and the construction was carried out in stages in accordance with the principle of "overall planning and gradual advancement. At present, the construction of a unified accounting system and accounting platform, consolidated statements, fund management, supply chain management and financial integration, budget management, investment and financing management has been completed. The next step will be the construction of real estate sector, ecological link operation platform and asset management.

 

 

Building a multi-organization management and control platform to support the development of collectivization

 

"Unifying the platform and strengthening group control" is the main goal of Jinjiang Urban Construction Group to upgrade ERP. "In the past, there were various systems within the Group, with different accounting accounts, process systems and operating specifications, which was a great headache for the unified management of the Group. Now we have built a unified management platform based on the Kingdee EAS platform, which is promoted and applied by the Group to 44 subordinate enterprises, realizing the 'five unifications' and greatly improving the Group's control capabilities." Wang, manager of the group's financial center, said.

 

Strengthen digital applications and promote the transformation of financial functions.

 

Between the launch of the project, Jinjiang Urban Construction Group mainly relied on manual completion of consolidated statements, budgets, funds, and supply chains. On the one hand, it led to heavy workload and low efficiency; on the other hand, it caused waste of resources and lack of management. With the help of Kingdee EAS consolidated report, budget, capital and supply chain management functions, Jinjiang Urban Construction Group has fully realized digital management and achieved the goal of industrial and financial integration. This frees financial personnel from the original large number of financial affairs work, looks at their work from the perspective of operation and management, changes from accounting to management accounting, actively pays attention to the business, promotes the business to more standardized development, reduces risks from the source of the business, and truly achieves the purpose of prior control.

 

Construction of investment and financing platform, to achieve the whole process management

 

In terms of EAS investment and financing function, according to the actual business and management mode of Jinjiang Urban Construction, it has carried out customized development and constructed an investment and financing platform in line with the characteristics of Jinjiang Urban Construction. "We have a lot of investment and financing business. In the past, it was basically manual management. It often occurred to what point a certain financing reached, or when a certain investment could be recovered, and whether there were risks. These problems could not be quickly and accurately known, which brought great trouble to the group's investment and financing work. Kingdee helped us sort out all kinds of investment and financing business needs, build an investment and financing platform, realize the whole process management of investment and financing, make the investment and financing business more standardized and transparent, and improve the ability of risk prevention." Manager Wang of the Group Finance Center said.

 

Construction of data analysis platform, data visualization management

 

Based on Jinjiang Urban Construction's unified management and control platform for industry and finance, information chimneys are eliminated and data sharing is realized. Through visual billboards, the overall financial situation, capital stock, capital flow, financial early warning, financial indicators and other data of Jinjiang Urban Construction Group are displayed intuitively and accurately, providing data support for the group's senior management to make management decisions.

 

Project Value

 

 

Unified platform to achieve group control

 

Eliminating information islands and building an information continent, the 44 subordinate enterprises of the Urban Construction Group have unified data centers, unified accounting systems and unified management and control platforms, realizing the sharing of data within the group, the standardization of systems and the landing of management.

 

Systematic application, improve work efficiency

 

Farewell to the manual management of commodity supply chain, financial accounting, consolidated statements and budgets, through the integration of EAS industry and finance, and the use of systematic tools such as consolidated statements and budget management, the overall financial efficiency has been improved by about 30%.

 

Comprehensive wind control to prevent risks before they occur.

 

For the overall investment and financing platform of the Urban Construction Group, it meets the three major businesses of financing, financial leasing and guarantee, realizes the whole process management, and combs 10 wind control nodes, improves the wind control system, and prevents investment and financing risks before they occur.

 

Digital analysis to help business decision-making

 

Through Kingdee light analysis tools, a digital analysis platform for urban construction is built, outputting 6 digital billboards and 43 data analysis reports, so that the group's senior management can timely grasp the group's total assets, total operating income, asset-liability ratio, total profit, participating holding enterprises, capital collection rate, financing term structure, financing cost and other data to help make business decisions.

 

Digital Transformation Value

 

We will build a unified management platform and data analysis platform for the group, empower Jinjiang Urban Construction Group, realize the transformation from ERP to EBC, and strengthen the ability to connect employees, partners and data analysis.

 

Through a unified integrated management platform for industry and finance, financial accounting, consolidated statements, budget management, fund management, supply chain management, investment and financing have been transformed from semi-manual management to digital management, improving management and work efficiency, and strengthening group management and control Ability to prevent risks before they happen.

 

To break the current situation of numerous internal systems and serious information islands in Jinjiang Urban Construction Group, to realize cross-organizational and cross-departmental data interconnection and sharing, and to conduct data analysis on the overall financial situation, capital stock, capital flow, financial early warning, financial indicators and macro-economy through a unified data analysis platform to provide data support for business decisions.