Digital Intelligence boosts global operations, Cloud ERP polishes “Thousands of Miles of Molybdenum” Luoyang Molybdenum
Instant Tax rebate cycle upgraded from monthly to instant
Accounting voucher auto- generation rate increased from 23% to 89% %
89
Industry
No. of Employees Revenue
Solution
Industrial Manufacturing
150
4.9million RMB SAP S/4HANA Cloud Public Edition
Business Challenges
• Business, finance, and compliance capabilities : Comes with integrated business and finance functions and has accumulated practical experience under different accounting standards, fitting cross-regional financial needs. • Performance and integration advantages : Data compression capabilities are suitable for massive data, strong stability, and can be connected to customs and supplier systems in many countries. • Deployment efficiency match : The deployment solution based on AWS can meet Luoyang Molybdenum's need for one-click rapid deployment of overseas business.
• Company Profile : Founded in 1969, listed on the Shanghai Stock Exchange in 2012, with operations spanning five continents. A leading global producer of tungsten, cobalt, niobium, and molybdenum, a significant copper producer, and among the top three global metal traders. • Systems and data fragmentation : Uneven levels of digitalization among overseas acquired companies, with internal systems being discrete and fragmented. • Inefficient financial consolidation : Different accounting standards across entities, making statement consolidation difficult and slow, relying on manual operations. • Business processes are complex : The chain from mining to trading is long, customs declaration and tax refunds are cumbersome, and reconciliation of related-party transactions is difficult. • Compliance deployment conflicts : Regional compliance requirements vary, requiring a balance between rapid system deployment and local regulations.
Implementing Digital Transformation to Unlock Full-Chain Value
• Building a unified digital intelligence base : Integrates more than 10 peripheral systems such as finance, taxation, and shared systems to achieve global operational data connectivity. • Optimizing business process efficiency : End-to-end online processing from procurement to export tax rebates, changing monthly tax rebates to instant tax rebates, reducing capital costs; launching a digital centralized procurement platform to shorten the procurement cycle and achieve cross-ocean collaboration. • Enhance financial and management level : Establish a global unified reporting system to accelerate report issuance; streamline and standardize global financial and operational processes, support rapid replication of operating systems in new overseas regions, and help overseas expansion.
Anchored in Global Demand, SAP Becomes a Key Choice
• Globalization business adaptation : Highly internationalized with a good reputation, it can support Luoyang Molybdenum's multi-regional business layout and is the preferred choice among similar solutions.
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