Talking about the "horizontal, vertical and vertical" development trend of domestic ERP

According to Gartner research, UFIDA is the only Asia-Pacific vendor in the global enterprise application software (ERP) TOP10, ranking first among Asia-Pacific vendors in the global ERP SaaS market, and the only one selected in the Gartner Global Cloud ERP Market Guide,Comprehensive Human Resource Services Market Guide for Chinese Manufacturers;

At the same time, IDC data shows that UFIDA continues to lead the Chinese enterprise cloud service market, with the largest market share in China's application platform cloud service APaaS and China's enterprise application SaaS market share, and won the 2021 Global Financial SaaS MarketCustomer Satisfaction Award, is a leading brand of Chinese enterprises' digital and intelligent services and software localization independent innovation;

Therefore, it is relatively reasonable to analyze the development trend of domestic ERP by taking UFIDA as the representative of domestic ERP manufacturers, and it has more reference for conclusions;

Then the development of UFIDA has gone through three important stages. Since its establishment in 1988, from financial software to ERP, to cloud service transformation and deep cultivation in the industry in recent years, it can be found from these stages that the threeproceed in each direction:

I. Horizontal Development

Product Boundary Expansion

In addition to the development of its own ERP/financial field, continuously improve the underlying expansion capabilities, from a single enterprise back-end management product, gradually realize the middle platform PaaS platform as a service, already has MES, PLM, SRM, OA, CRM, etc.A series of products are designed to meet the needs of more medium and large customers with rich scenarios and increase the unit price of customers;

Image source: UFIDA official website

Second, vertical development

Industry Solutions Capability Breakdown

After having standard ERP product solution capabilities, enter into the research of unique solutions suitable for sub-sectors, involving government affairs, medical care, catering, energy, etc., to improve their solution capabilities. This is also the case for many domestic ERP manufacturers., especially where SaaS vendors are worth learning;

Image source: UFIDA official website

ISV Cloud Ecosystem Construction

Yonyou adheres to the "integration" ecological strategy, actively promotes "integration" and "integrated", including technology/platform/solution strategic partners (GTP), industry strategic partners (ISP), professional service partners (SSP),Independent software vendors (ISVs), value-added resellers (VARs), etc., cooperate with the upstream and downstream of the industry chain to achieve symbiosis, co-prosperity and win-win with partners;

Platformization is the key word in the enterprise software service market in recent years. Just like the Qing Dynasty in Chinese history, it neglected the criticality of opening to the outside world. From the prosperity of Kangxi-Qianlong to the decline of national fortunes and backward technology after the closing of the country in the late Qing Dynasty,Therefore, the pattern of external development must be opened;

Three, vertical development

Cloud Transformation

In 2016, UFIDA focused on the three major businesses of "software, cloud services, and finance", and divided cloud businesses into cloud platforms, domain clouds, industry clouds, and Chanjet Cloud. The company has successively released U8 Cloud and NC Cloud., Yonsuite and other cloud ERP products, from 2016-2019, the revenue increased from 5 billion to 8.5 billion, with an average annual compound growth rate of 18.5%;

In 2020, Yonyou will release a platform-level product, YonBIP, a business innovation platform. Its business scope will move from the ERP field to the digital interconnection platform of enterprises and groups, and will more closely support and connect the value creation and cloud transformation and upgrading process of enterprises;

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Many experts in the industry have mixed reviews on cloud services, mainly around security issues, but it is undeniable that the value of cloud services is undeniable. Even the international ERP leader SAP is also exploring the cloud field;