Kingdee has once again secured the top spot in China's enterprise performance management (EPM) market, according to the latest IDC China Semiannual Enterprise Application Software Market Tracker (2023H2). This marks the second consecutive year Kingdee has led the field, following its leading position in 2022.

The repeated top ranking underscores Kingdee EPM's industry-leading capabilities and growing recognition as a preferred choice for large enterprises aiming to build world-class management systems.

In December 2023, the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) convened a central finance meeting, urging state-owned enterprises (SOEs) to build world-class financial control systems, grounded in value-based management and guided by comprehensive budgeting, to ensure effective execution of development strategies. Earlier, in March 2022, SASAC issued the Guiding Opinions on Accelerating the Development of World-Class Financial Management Systems for Central SOEs (the "Guiding Opinions"), which identified strengthening accounting and reporting as a top priority among five core functions. The Guiding Opinions called for optimizing accounting and reporting systems to achieve intelligent accounting and automated report generation.

Kingdee Cloud Constellation EPM is purpose-built to align strategy with execution. By integrating budgeting, financial consolidation, and reporting, it enables business-finance synergy and has become a key enabler for enterprises seeking to optimize and innovate their management frameworks.

The next-gen Kingdee Cloud Constellation EPM platform

For years, global vendors dominated China's high-end EPM market, presenting challenges for domestic enterprises striving for autonomy and resilience. Kingdee Cloud Constellation EPM breaks through those barriers, with capabilities of consolidated reporting, budget management, and performance analysis. It has delivered strong results in enhancing comprehensive budget management, business forecasting, and financial analysis

Comprehensive Budget Management

The platform's budgeting module is designed around agility, simplicity, and empowerment. It simulates diverse operational scenarios and uses AI and big data to mine historical data and generate forward-looking forecasts. A unified budgeting control hub enables flexible registration of documents across homogeneous and heterogeneous systems, proactive alerts, and dynamic governance. These features echo the national directive to build a comprehensive budget management system.

Fortune 500 companies are turning to Kingdee Cloud Constellation EPM to build comprehensive budget management systems and intelligent, high-efficiency, and fully integrated performance management systems. Among them: Xiamen ITG Holding Group, which deployed a diversified, multi-tier budget control system; Yixintang, the largest pharmaceutical retail chain in Yunnan, which implemented a unified budgeting platform covering over 9,000 stores.

Consolidated Reporting

Kingdee Cloud Constellation EPM's consolidated reporting module, powered by proprietary technologies, offers flexible architectures, intelligent data sharing, visual rule configuration, and quick consolidation, enabling agile response to changes. It offers visual access to working papers and full traceability of consolidation processes for greater transparency. The module also supports real-time consolidation, fast validation, and on-the-fly adjustments, speeding up disclosures. By integrating finance, management, and business data with AI-powered analytics, it enables more informed decisions.

A prime example is China Merchants Port, a member company of China Merchants Group. It undertook the pilot project of the group's digital finance transformation. With guidance from the group's finance department and in collaboration with Kingdee and PwC, the company built a cutting-edge, AI-powered consolidated reporting platform featuring China's independently developed technologies. The platform supports multi-system, multi-architecture, multi-standard, multi-level, multi-currency, and multi-language capabilities, meeting both internal decision-making and external disclosure requirements. It strongly supports the company's goal of becoming a world-class integrated port service provider and serves as a benchmark for digital finance transformation in SOEs. With the successful implementation of the consolidated reporting system at China Merchants Port, China Merchants Group launched a group-wide consolidation initiative, with the first phase going live in 2023. Other leading adopters include Genertec, Shagang Group, and Zhejiang Communications Investment Group, further cementing Kingdee's reputation as a trusted EPM provider to China's Fortune 500 companies.

Kingdee's widespread market recognition stems from its relentless focus on innovation and R&D. Kingdee Cloud Constellation EPM is built on Kingdee Cloud Cosmic, a modular enterprise-grade PaaS, and powered by its proprietary "Multi-Dimensional+" database. This database has been widely used in EPM systems for large companies in China. Protected by 12 patents, it delivers performance five times that of global competitors and has been validated across more than 600 large enterprise deployments. It offers robust data security, reliability, and consistency.

Looking ahead, Kingdee will double down on intelligent solutions. By integrating AI technologies like machine learning and ChatGPT into the Kingdee Cloud Constellation EPM platform, we aim to strengthen intelligent financial analysis, smart forecasting, and dynamic scenario simulation, accelerating the development of world-class enterprise performance management systems.