About Shanda Group
Shanda Group is a private investment firm focused on identifying innovative technologies and business models that can change the world. Its investment strategies are primarily in two extreme ends of the spectrum – either truly disruptive technologies at their early developmental stage or undervalued publicly listed companies with significant turnaround potential.Â
Industry
Financial Services
Region
Multi-Region
Company Size
50+
The Challenge
Shanda Group Aims for Growth: Seeks Automation to Overcome Consolidation and Reporting Challenges
Shanda Group, a prominent enterprise boasting over 100 subsidiaries, currently faces challenges with its manual approach to group consolidation reporting and the absence of a standardized System of Accounts (SOA) across its entities. The finance team’s need to cross-check data among subsidiaries introduces risks of human error and inefficiencies. Aiming to lay a robust foundation for growth, the management team is keen on automating financial consolidation processes and boosting staff productivity, thereby streamlining operations and enhancing accuracy in financial management.
The Solution
Yonyou ERP Drastically Reduces Consolidation Time, Boosting Efficiency Across Shanda Group’s Subsidiaries
The Yonyou ERP solution successfully addressed the diverse business needs of Shanda Group’s subsidiaries while ensuring compliance with each subsidiary’s local financial regulations. Capable of supporting complex financial consolidation demands, the solution significantly streamlined large-scale operations. Prior to its implementation, the consolidation process took nearly 15 days each month. With Yonyou ERP, the process was dramatically reduced to less than 2 days, marking a substantial improvement in efficiency and operational speed.
