Recently, the international authoritative research institution Forrester released its latest research report, "The AR Invoice Automation Landscape, Q1 2023," in the field of sales invoice automation. Among many other excellent vendors, Kingdee was successfully shortlisted as an outstanding supplier in the field of "sales invoice automation," thanks to the powerful professional technology, intelligent system, and "one-stop-shop" financial solutions of the Kingdee Constellation Financial Cloud, Tax Cloud, and Invoice Cloud products.
During the research process, Forrester mainly evaluated from the ambit of technical capabilities, usability, product functions, intelligent applications and solutions, customer areas of service, market size, and other aspects. It conducted in-depth discussions with Kingdee on the direction for the development of sales invoice automation and related opportunities, and challenges. The report shows that Kingdee Constellation's sales invoice automation has been widely used in various industries such as manufacturing, construction, and high technology.
Kingdee was selected in the "2023 AR Invoice Automation Landscape" report
Kingdee Constellation has always been committed to providing world-class, comprehensive, and secure pre-assembled digital capabilities for large enterprises, and is a platform for the co-creation of digitalization. Combining 30 years of experience in large enterprise management scenarios and models, Kingdee Constellation has completely reconstructed the financial and tax management system, HR management system, as well as supply chain, and manufacturing operation systems of the enterprises. It is the most comprehensive and leading new-generation enterprise management cloud service with core functions in the Chinese market. It has won many accolades and is the first choice of many world-class enterprises.
Since 2022, several European countries have launched pilot programs for electronic invoices and reports, and policies promoting and mandating the use of electronic invoices have been introduced. For example, French authorities plan to introduce electronic invoices at different stages over three years, requiring large, medium, and small enterprises to issue electronic invoices in the transaction process starting from the year 2024.
In fact, since December 1, 2015, China has implemented the issuance of VAT e-invoices through the VAT e-invoice system nationwide. Since December 1, 2021, a comprehensive digital e-invoice pilot has been launched in Shanghai, Guangdong, and Inner Mongolia.
Beginning with "sales invoice automation," Kingdee introduced to Forrester its solution in the field of sales and receipt collection. The entire business process from order to receipt is managed online, digitally, and in a process-oriented way, including credit management, sales orders, sales delivery, sales invoices, accounts receivable management, fund planning, receipt verification, etc. This selection also shows that Kingdee's star products, Kingdee Constellation Financial Cloud, Tax Cloud, and Invoice Cloud, have been fully recognized by competent authorities such as Forrester.
By virtue of nearly 30 years of experience in enterprise financial and tax management services, Kingdee provides cloud-based "declaration template + rule operation" services based on the Kingdee Constellation SaaS product, which helps enterprises transform to intelligent tax digitalization. Currently, enterprises such as Zhejiang Transportation Investment Group, ENN Energy Holdings Limited, Guangxi Beitou Chemical Industry Planning & Design Institute Co., Ltd., and Guangzhou Port have taken the lead in using Kingdee Constellation system functions such as automatic invoicing, automatic tax calculation, one-click declaration, and digital tax management to complete their group intelligent tax system development. On December 20, 2022, Guangdong issued a pilot case of electronic reimbursement, accounting, and archiving of VAT e-invoices. Guangzhou Port Group, as a national pilot unit, successfully passed the acceptance of electronic reimbursement, accounting, and archiving of VAT e-invoices, initiating a classical experience that can be promoted.
In the future, Kingdee Constellation will continue to make comprehensive efforts in technology, product, and service upgrades, and continue to create value for customers, present customers with a better product and service experience, and contribute "Kingdee strength" to the high-quality development of enterprises.
