Chinese digital service providers are emerging internationally
Developing a global business has become an option for more and more Chinese companies, with purchasing being an important factor that must be considered. “How to procure sites, materials, office supplies and various local services? How to synergize procurement management between overseas and domestic headquarters?” At a recent seminar, the head of international business at ZHENYUN Technology, a provider of digital procurement management platform in China，raised this topic from a supply chain perspective, and it resonated with the companies in attendance. Behind this resonance is the urgent need for Chinese enterprises to upgrade their digitalization and provide the new engine for their global business.
At present, more and more Chinese digital service providers are gaining recognition in the global market with strong strength. Take ZHENYUN Technology as an example, as one of the leading digital service providers in China, ZHENYUN Technology has been selected in Gartner's “Source To- Pay” (S2P) Voice of the Customer Report, and has become the only Chinese firm on the list. With an overall score of 4.6 (out of 5) and 88% of customers' willingness to recommend it among all the reviews, ZHENYUN was recognized as an “Outstanding Performer”. This achievement not only fills the long-standing gap of Chinese procurement SaaS service providers in the list, but also fully demonstrates that Chinese digital service providers have the strength of global layout and can provide comprehensive and professional digital services for enterprises.
Nearly 10% of all valid evaluations in the S2P report involve ZHENYUN Technology, with 88% willingness to recommend, and industries spanning manufacturing, energy and utilities, healthcare, and retail, covering North America, Europe, the Middle East, Africa, Asia, Latin America, and other regions.
The global digital service market is undergoing profound changes, and competing on the same stage is no longer only the privilege of comprehensive big manufacturers, Chinese SaaS enterprises are also emerging in the global market by virtue of their accumulation and innovation of certain fields.
ZHENYUN Technology has been ploughing into the field of digital procurement for nearly 20 years, and has cumulatively served 1,000+ benchmark clients, covering more than 30 industries and 20 countries. Among them, it has worked with many international giants to successfully realize the latter's global procurement digital upgrade. As early as 2021, before the current round of Chinese enterprises going overseas, ZHENYUN Technology officially released its globalization strategy, and set up branches in Japan and other countries and regions to cultivate the local market, and constantly polished its products and optimized its service system to adapt to the needs and characteristics of each overseas market.
In each region of the world, ZHENYUN Technology has summed up a set of mature and effective delivery strategies that include language, currency, time zone, IT environment, usage habits, data transmission and other dimensions to help more and more local firms to carry out digital procurement transformation and upgrading, which is also the main reason why ZHENYUN Technology has gained much appraisal on Gartner Peer Insights platform, and also proves the continuous improvement of ZHENYUN Technology's service capabilities in the global market.
