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Internet Technology

Cross-border logistics, overseas warehouses, travel technology, Software as a Service (SaaS), platform-based services, and Internet advertising are key components of modern service industries.

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Trends

1、Parallel replacement of international similar brands trend is obvious, the momentum of the main business is strong, value-added business development is rapid；
2、Better understanding of Chinese sellers and Chinese business circle, better service and lower cost；
3、Vigorously expanding China, Hong Kong, Taiwan and Southeast Asia markets, and reverse entry into the European and American markets.

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Key Challenges

There is no perfect master data management center and integrated master data: the middle and business backstage only consider the business attributes of master data such as products and customers, and the finance department considers the financial attributes of master data, which makes it difficult to understand and communicate with the middle and business departments.

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    The separation of business and finance

    The business middle office/product back office is not integrated with the finance system; there is no integrated business-finance process for accounts receivable/payable and intercompany transactions, and the integration of the middle and back offices is not the core of a business-finance integration.

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    The lack of internationalized group financial software

    Products developed domestically that are launched into the international market require the establishment of overseas subsidiaries. Domestic finance software often fails to meet the requirements for global tax and financial compliance as well as rapid business expansion.

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    The lack of perfect business center

    The core management of the business in the product back office, the business lines run independently.

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Solutions

    1、Ensure that business operations in the back office and NetSuite are synchronized in a timely manner with customer and supplier master data, exchange rates, and other essential master data. This includes the timely synchronization of sales orders, purchase orders, invoices, bills, reconciliation results, actual usage, costs, and other relevant documents.

    2、Design the integration of business and financial master data by considering the management needs of the business as well as the accounting and statistical analysis requirements of the financial system. This involves expanding the types of business documents and financial attributes in the system.

    3、Implement a closed-loop process for receivables, payables, reconciliation, and write-offs across multiple industries.

    4、Automate revenue recognition for SaaS services, focusing on key performance indicators such as ARR, MRR, LTV, and CAC management.

    5、Configure personalized transaction rules and establish automatic processing workflows.

    6、Automate financial processes and generate personalized financial analysis reports.


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