Yonyou Strengths, Domain Expertise, and Key Differentiators
Established in 1988, Yonyou Software, previously known as UFIDA, has emerged as a prominent enterprise management software, solutions, and cloud service provider in China and the Asia Pacific region. Benefiting from early entry into the Chinese ERP market and strategic partnerships with private and public sector clients, as well as technology giants like Microsoft, Yonyou experienced rapid growth following its 2001 IPO, capitalizing on China's modernization initiatives.
Positioning itself as a leader in ERP services amid China's ascent as a global manufacturing hub, Yonyou became a preferred choice for manufacturers seeking automation-driven expansion. Notably, Yonyou became the first in China to offer ERP services via a SaaS platform, leveraging Azure as its foundational IaaS platform for cloud deployments. Specializing in ERP, SCM, CRM, HRM, BI, and OA solutions, Yonyou caters to small-to-large manufacturers across diverse manufacturing processes, including process, discrete, and mixed-mode manufacturing. Beyond Yonyou Software, the Yonyou Group encompasses ten additional enterprises providing specialized applications and services tailored to various industries and user needs, including Yonyou Chanjet Software, Yonyou Government Affairs Software, Shanghai Infoservice Technology, Yonyou Tobacco, Yonyou Healthcare Information System, Yonyou CellSoft Technology, Yonyou Audit Software, Yonyou LTP Management Consulting, Yonyou Education Investment, and Yonyou WECOO Information Technology.
Yonyou Recent Developments
In September 2022, Yonyou unveiled its latest business innovation platform, the Yonyou BIP (Business Innovation Platform), marking a significant stride in its cloud ERP solutions tailored for global users. Representing the company's next-generation cloud product platform, Yonyou BIP encompasses two distinct business lines: YonBIP, catering primarily to larger enterprises, and YonSuite, tailored for small and medium-sized businesses (SMBs). This strategic launch underscores Yonyou's commitment to providing innovative solutions tailored to diverse customer needs. Moreover, through collaboration with industry leader Huawei, Yonyou aims to deliver personalized and customized services, further enhancing its value proposition in the market.
In October 2021, Yonyou launched a global treasury management product – TMS Cloud in Yonyou Hong Kong, the headquarters of the Overseas Business Unit, aiming to provide treasury management solutions for multinational enterprises with cross-border businesses.
In August 2020 Yonyou launched Business Innovation Platform (YonBIP): leading the transformation from ERP to BIP. As the core products and services of yonyou 3.0, YonBIP will support and run the business innovation of enterprises and public organizations. The release of YonBIP marks the next stage of the implementation of yonyou’s 3.0 strategy. Cloud services have been upgraded from a product-service model to a platform service model. yonyou leads the transformation from ERP to BIP, bringing another level of technology-driven business revolution.
YonBIP is developed base on mobile Internet, big data, cloud computing, artificial intelligence, Internet of Things, 5G, and blockchain. It adopts cloud-native, microservices, and platform in accordance with the idea of ​​openness and ecology. It provides marketing, procurement, manufacturing, supply chain, finance, human resources, collaboration, and other core areas of cloud services. Besides, yonuou has continuously cooperated with ecological partners to serve more segmented fields and industries.
YonBIP supports a low-code development platform. YonBuilder is oriented to the entire ecosystem including ISV development, localized development, enterprise self-built, and individual developers. It provides visual development capabilities without code and low code and combines development asset, to achieve fast and simple application construction. In the future, enterprise business innovation will face a more complex IT environment, such as multi-cloud, multi-terminal, etc. YonBIP integrated different platforms’ API link, which can connect any application, data, and equipment in the public cloud, hybrid cloud, and private cloud environments to achieve low-cost, fast, and convenient application connection and integration. At the same time, it can easily connect enterprise applications in production, supply, fully assist business innovation.
Yonyou remains entrenched among China's small and mid-sized enterprises as well as public sector vertical.
Yonyou Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Yonyou applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Yonyou and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified YonBIP, NC Cloud, YonSuite, U8 Cloud, yonyou TMS, yonyou SCM, yonyou HRM, yonyou CRM customers.
Yonyou Overview
Ownership: - SSE : 600588
Number of Employees: 25231
Functional Market: Absence and Leave Management, Workforce Analytics, Core HR, Payroll, Benefits Administration, Recruiting, Performance Management, Learning and Development,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Yonyou Key Cloud and HCM Applications
YonBIP, NC Cloud, YonSuite, U8 Cloud, yonyou TMS, yonyou SCM, yonyou HRM, yonyou CRM
Yonyou HCM and Cloud HCM Applications Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| HCM Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Yonyou Revenue Breakdown by Type:
Yonyou HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % of HCM Revenue in the HR Segment | 2023 HCM Revenues, By HR Segment, $M | |
Yonyou HCM Applications Revenues By Verticals, $M:
Yonyou Total and HCM Applications Revenues by Region:
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 HCM Applications Revenues, $M |
|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe |
Yonyou Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Yonyou Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Yonyou Customers
No. of Yonyou Customers: 5400000
No. of Yonyou HCM Applications Customers: x
No. of Yonyou Cloud HCM Customers: x
No. of Yonyou Cloud HCM Subscribers: x
Yonyou boasts a substantial customer base of 5.4 million across the Asia Pacific region, comprising notable entities such as Chungwai Corporate, CNQC, Bank of Beijing, and China Telecom. In addition, Yunano caters to prominent clients including Synnex Corporation, Finixx, Deli Stationery, Bank of China, NEC, Toshiba, Magna, John Deere, Mahle, ABB, Brother, Colgate, Pepsi, TOTO, and Yamaha.
/br> In Southeast Asia, Yonyou serves esteemed clients such as Hengbao, Hong Leong Asia Ltd, Qingjian Group Co., Ltd from Singapore, CP Kelco from the Philippines, Finixx New Technology Co., Ltd from Thailand, and Rex Group of companies from Malaysia. Moreover, its global clientele includes renowned corporations like Dow Chemical Company, PepsiCo, Inc, DuPont, Daikin Industries Ltd, Yamaha Corporation in Japan, L'Oreal, Coca-Cola, Valeo, Lear Corporation, Saes Getters, Volvo, GE, Toshiba, Toyota, Epson, Ricoh, Mitsui&Co, Ltd, Panasonic, Canon, Hitachi, and many others.
Yonyou Market Opportunities, M&A and Geo Expansions
In October 2021, Huawei expanded its partner network during the virtual APAC Partner Summit 2021, collaborating with various industry leaders including YonYou. This partnership aims to drive digital transformation in brick-and-mortar stores through a smart retail initiative, which serves as a catalyst for Singapore's retail industry revolution. By participating in this initiative, retailers gain access to a sandbox environment for testing intelligent retail solutions, positioning YonYou as a key player in fostering innovation in the retail sector.
Furthermore, YonYou's global ambitions are evident with the establishment of Yunano, a joint venture with Atos, to extend its software solutions worldwide. With a focus on cloud applications, Yunano is poised to facilitate the adoption of YonYou's Cloud ERP and Cloud CRM offerings in the Asia Pacific region through collaborations with leading cloud service providers like Canopy.
YonYou's recent launch of a Microsoft-based cloud platform underscores its commitment to delivering innovative enterprise applications and management software. With an anticipated user base of 10 million, this platform offers a diverse ecosystem of over 1,000 apps, expected to grow to 1,500, enhancing YonYou's presence in the cloud software market.
Moreover, the strategic collaboration between YonYou and Aliyun, the largest software vendor in China, presents a significant opportunity for both parties to expand their business footprint in cloud computing, big data, digital marketing, and e-commerce. Through this partnership, YonYou can leverage Aliyun's extensive resources to accelerate its journey into cloud and big data solutions, further solidifying its position as a leading enterprise software provider in the Asia Pacific region and beyond.
Yonyou Risks and Challenges
Yonyou's Cloud migration strategy seems heavily reliant on partnerships, exemplified by its collaboration with Atos. This partnership includes an investment in Yunano, a Cloud CRM company jointly owned by both entities. While partnerships can offer opportunities for growth and innovation, over-reliance on external collaborations could potentially expose Yonyou to risks such as dependency on partner performance, conflicts of interest, or loss of control over strategic initiatives. Therefore, careful management and diversification of partnerships are essential to mitigate these risks and ensure the success of Yonyou's Cloud migration endeavors.
Yonyou Ecosystem, Partners, Resellers and SI
Yonyou boasts a robust global presence with more than 230 branches and a vast network of 10,000 ecosystem partners worldwide. This extensive partnership ecosystem enables Yonyou to offer comprehensive support and best practices tailored for cross-border enterprises, enhancing their operational efficiency and success on a global scale.
IBM and Yonyou Software partnered to accelerate the adoption of IBM Big Data&Analytics technologies to help customers gain business insight and run their applications more efficiently and at a much lower cost. Yonyou also partnered with Felda Prodata Systems to distribute its ERP applications in Malaysia and Southeast Asia.
Yonyou Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- Yonyou Public Cloud and Infrastructure (IaaS)
- Yonyou Platform (PaaS)
- Yonyou Application Delivery
- Yonyou Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/taxonomy
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