Behind the core technological breakthroughs in fields such as new energy vehicles and light storage, the critical support of power chips is indispensable. They are an important force in promoting the independence of “Chinese chips” and breaking foreign monopolies. As a semiconductor company invested by top domestic wafer manufacturers and led by core teams from major European and American companies, Zhongjing New Source (Shanghai) Semiconductor has focused on the research and design of internationally leading power chips since its establishment in 2017, making it a recognized innovator in the field of chip design in China. However, during its development, issues such as manual handling of the supply chain, lack of financial autonomy, and fragmented business and financial data have gradually emerged, becoming bottlenecks that restrict efficient development. To address this, Zhongjing New Source has partnered with Yongyou YonSuite to initiate a digital transformation centered on “integrated production, supply, sales, finance, and taxation.”
Analysis of Management Dilemmas:
Three Key Obstacles in the Development of Semiconductor Enterprises
“Disconnected” Supply Chain: Manual Processing Slows Collaboration Efficiency
The supply chain relies entirely on manual data processing, making it impossible to share information on procurement, inventory, outsourcing, etc., in real-time. Collaboration across various stages requires repeated communication and confirmation. For example, the progress of purchase orders and the status of inventory materials need to be manually queried and reported back, which not only consumes a lot of time but also risks material supply disconnection due to information lag, affecting the pace of chip research and production.
“Out of Control” Finances: Agency Accounting Lacks Financial Autonomy
Financial work is handled by an agency accounting company, leaving the enterprise without financial autonomy. There are delays in daily accounting processing and data feedback, making it impossible to grasp the financial status of the enterprise in real-time. Additionally, financial data is disconnected from business data, making it difficult to support core decisions such as cost analysis and capital planning, thus restricting the refined development of financial management.
“Fragmented” Business and Finance: Data Incompatibility Hinders Detailed Analysis
Business and financial data are completely disconnected, with sales orders, production progress, cost consumption, and other business information unable to synchronize with the financial side. The finance department can only rely on manual data aggregation for accounting. This not only leads to rough cost calculations and inaccurate customer order delivery estimates but also fails to provide data support for the necessary “order-based and batch-based refined management” in the semiconductor industry.
YonSuite’s Solution for Integrated Production, Supply, Sales, Finance, and Taxation:
Connecting the Entire Management Chain of Semiconductors
In response to the three major management pain points of Zhongjing New Source, Yongyou YonSuite has tailored an integrated solution encompassing “finance + sales + procurement + inventory + outsourcing + cost accounting + tax management.” This solution comprehensively reconstructs the modern management system of semiconductor enterprises through three dimensions: deep data connectivity, intelligent autonomous processes, and high integration of business and finance.
Interconnected Supply Chain Data, Bidding Farewell to Manual Collaboration
Integrating data from all modules of the supply chain to achieve efficient collaboration. The system incorporates procurement, inventory, outsourcing, and other stages into a unified platform, with real-time data synchronization. After submitting a purchase order, the inventory module can view material requirements in real-time, and the outsourcing progress is synchronized to the production stage, eliminating the need for repeated manual communication and completely freeing the process from the inefficiencies and delays of manual handling.
Financial Autonomy, Regaining Control Over Accounts
Replacing the agency accounting model to achieve financial autonomy. The system supports enterprises in independently handling accounting, tax management, and other tasks, with the entire process from voucher generation to report issuance being online. Financial data is updated in real-time, allowing enterprises to grasp cash flow and cost composition at any time, no longer relying on external agents, making financial control more flexible and timely.
Deep Integration of Business and Finance, Supporting Detailed Analysis
Connecting the data chain of business and finance to achieve refined analysis. The system links front-end business data with back-end financial data, automatically synchronizing information such as sales orders, production consumption, and inventory changes to the financial module, supporting cost accounting refined to each order and each batch. Additionally, by integrating multi-domain data through the reporting platform, it accurately calculates customer order delivery times, providing data support for decision-making.
Breaking Through to New Life:
The Digital Transformation Path of Zhongjing Semiconductor
Operational Efficiency Increased by 60%: Leveraging the real-time data interaction platform and online process collaboration mechanism built on the integrated business and finance system effectively eliminates efficiency losses caused by information lag, approval delays, and poor communication in traditional business models, achieving significant optimization of overall process efficiency.
Cost Accounting Efficiency Increased by 80%: By deploying an intelligent cost accounting system and using automated convolution algorithms to replace manual accounting processes, it not only releases the labor costs of financial personnel but also establishes an error-checking mechanism based on system rules, achieving breakthroughs in both cost accounting efficiency and data quality.
Sales Forecast Accuracy Reaches 99.9%: Utilizing a self-developed multi-dimensional data processing model, the system formulates and deeply processes cross-departmental and cross-business document data through two core data forms, accurately generating detailed and summary data for customer sales forecasts, providing solid data support for the enterprise’s market strategy formulation.
Group Consolidated Report Preparation Cycle Reduced to 3 Days: By adopting an innovative consolidation method to complete the standardized mapping of general ledger accounts and consolidated accounts, combined with customized multi-dimensional offset rules, it automatically generates offset vouchers, achieving efficient processing of virtual consolidation levels and compressing the group consolidated report preparation cycle from the traditional model to 3 working days, significantly enhancing the timeliness of financial reporting.
Using Digital Intelligence to Promote the Independence of “Chinese Chips”
“In the context of a century of change, Zhongjing New Source remains true to its original intention, creating value with top supply chain partners through technological iteration, quality assurance, and market insight. We are deeply engaged in the independence of domestic chips, breaking through management bottlenecks through the Yongyou YonSuite digital platform to achieve integrated production, supply, sales, finance, and taxation, enhancing management efficiency and data analysis capabilities. In the future, we will deepen cooperation and promote the enterprise to a higher level,” said Mr. Peng, Director of Investment and Financing at Zhongjing New Source, reflecting the company’s recognition of Yongyou YonSuite and its determination to promote the independence of “Chinese chips.”
Through digital transformation, the enterprise has solved management challenges related to the supply chain, finance, and the integration of business and finance, establishing a refined management system suitable for the semiconductor industry, laying a solid digital foundation for innovation and development. Today, “Digital Zhongjing” has become an industry benchmark, providing a practical example for the digital transformation of semiconductors with efficient management and strong competitiveness.
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