Project Background

Biostime is committed to transitioning from traditional business to a "double+" strategy of "smart + internet" and "product + service," which also requires the group to undergo digital transformation. As a cross-border group, the finance department  involves a large amount of reconciliation work and needs close communication with its Hong Kong branch. Infodator launched a cross-border financial reconciliation system for Hesborn's finance department, realizing the integration of business and finance coordination, bridging the gap between business flow and financial flow. Through the automation of 50+ applications in the ERP system, it achieves integrated financial accounting management, combining accounts and budgets from both operational and financial accounting perspectives, thereby achieving consistency in accounting standards.

Project Description

Establishing CoE Excellence Center:

Hesborn integrates the data of the entire production, supply, sales, and financial systems into the data center through its ERP and SRM systems. Based on this, Infodator establishes the CoE Excellence Center to support the strategic planning and implementation of all finance functions. Through initiatives such as leading standardization, collecting market intelligence, and providing insightful data analysis reports, it stimulates business growth and achieves continuous improvement.

Building a Reporting Platform:

Infodator Insight builds a reporting platform for Hesborn, forming a virtual merger between mainland China and Hong Kong companies. It supports multiple currencies, multiple standards, organizational structure design, and merger process methods, enabling transaction offsetting, investment offsetting, cash flow offsetting, and forming a comprehensive closed-loop management system through intelligent monthly reconciliation, transaction coordination, direct data connection, merger optimization, and report analysis.

Application of OCR Technology:

Infodator's Smart Invoice uses OCR technology to help Hesborn verify and deduplicate various invoices, extract data, and share financial information. Financial sharing only requires some auditing or verification of attachments, creating a scenario-based financial solution through OCR technology.

Integration of RPA with Heterogeneous Systems:

RPA technology can quickly embed data from one system into another, used in various scenarios such as bank reconciliation, accounting processing, report generation, invoice verification, exchange rate assessment, and customer receipts and refunds. It effectively improves operational efficiency and reduces costs.

Project Results

In just a month and a half of close collaboration, both parties have successfully delivered projects for the group's headquarters and five municipal power supply bureaus. Leveraging the Hyper automation platform has enhanced the overall digitalization level of business operations, while implementing the "One Person, One Machine" strategy has facilitated the transformation of individual work patterns. This comprehensive approach strengthens the governance level of the group, explores solutions to the challenges of "dual highs" and "dual peaks" in the power system, and sets a practical and replicable example for digital demonstration construction in China. By improving operational efficiency and security in the industry, it further promotes the realization of a clean, efficient, and sustainable energy future, supporting the operation and innovative development of various industries such as manufacturing and services.