Comprehensive IFS solution to provide transparency across UniTTEC’s diverse operations and robust support for complex project management

IFS, the global enterprise applications company, announces that UniTTEC Co., Ltd, China's leading supplier of integrated solutions for rail transit, energy saving, and environmental protection has decided to implement IFS Applications™. The solution will be implemented and supported by Beijing GuoZhiYunDing Software (GuoZhiYunDing), a member of the IFS Partner Network.

As a core member of Zhejiang Zheda Insigma Group Co., Ltd., which is known as a leading high-tech service group in China, UniTTEC (stock code: 000925) primarily focuses on safety and intelligent control of the rail transit sector. The company provides integrated signal systems for urban metro systems, tramcars, intercity lines, and heavy-haul railways. Its solutions have been implemented in more than 15 cities across China, with the main line spanning more than 800 kilometers.

The company’s rapid growth and evolving business scope as a provider and operator of energy saving and environmental protection solutions as well as a manufacturer of monocrystalline silicon materials, has greatly increased the complexity of its projects, bringing new challenges in cost, budget, assets and other aspects of management. To ensure transparency and control throughout its value chain, UniTTEC needed to replace its legacy business system, which could no longer fulfill the company’s requirements.

Following a rigorous evaluation process involving several leading ERP vendors, UniTTEC chose IFS Applications as its next-generation management platform. IFS Applications will support UniTTEC’s development through advanced and integrated capabilities for project management, project budgeting and forecasting, project reporting, project delivery, risk management, document management, HR, fixed assets, inventory, purchasing, costing, material planning, and customer orders.

“Over the past few years, UniTTEC has grown rapidly and entered new market segments. Therefore, we were in urgent need of a single, powerful platform that can manage all core business processes and ongoing projects in a transparent and unified way,” said Wang Yong, director of UniTTEC. “IFS Applications provides us with a fully integrated ERP solution with advanced project management capabilities to meet the complex needs of all departments, which will help us deliver greater value to our customers. In addition, its user-friendly interface and rapid scalability were also decisive factors for choosing IFS. We are looking forward to a quick and efficient implementation.”

Fu Yaqin, vice general manager of GuoZhiYundDing, added, “We are excited to carry out this project with IFS and UniTTEC. With the joint support of GuoZhiYundDing and IFS, UniTTEC will be empowered to strengthen its project management capabilities and interdepartmental collaboration to drive and accelerate business expansion and profitable growth.”

Peter Bornschein, general manager of IFS in China, said, “We are very pleased to welcome renowned companies like UniTTEC to our customer community. We are seeing an increasing demand among rail transit companies to digitalize their operations in order to gain a competitive edge. With its open and flexible architecture, IFS Applications empowers companies in the manufacturing or asset-intensive sectors to realize their digital transformation strategies and connect their business processes to a digital backbone.”

Ken Wang, Marketing manager for IFS in China. Phone: 86 21 6448 3398, [email protected]

About UniTTEC

UniTTEC Co., Ltd. is a corporate enterprise listed on Shenzhen Stock Exchange, with stock code 000925 and stock name “UniTTEC”. The company is originated from Zhejiang University and is a core member enterprise of Insigma Group Co., Ltd. UniTTEC has a wide range of business operations: In the field of rail transit, the company is a domestic leading supplier of integrated solution for global rail transit with the independent signal system as the core; In the field of energy saving and environmental protection, the company is the domestic famous provider and operator of energy saving and environmentally friendly integrated solution; In the field of semiconductor materials, the company is one of China’s major monocrystalline silicon material manufacturer. For more information, visit: www.unittec.com

About GuoZhiYunDing

Beijing GuoZhiYunDing Software Co., Ltd. is committed to providing comprehensive design and technology (DT) and cloud computing services for traditional industries, with 40% of its share invested by Beiming Software 38% by SDIC Intelligent Technology and 22% by Beijing HaoTianYunJing Technology. Beiming Software, which ranked top 50 of China's software business revenue in 2017 , has full fledged IT qualifications and a mature management team with more than 20 years of marketing experience. Moreover, the technical team based on Beiming Software has more than 15 years of experience in industry development and implementation, with technical backbone mainly composed of relevant industry experts having profound knowledge of helping traditional industries realize digital transformation.

About IFS

IFS™ develops and delivers enterprise software for customers around the world who manufacture and distribute goods, maintain assets, and manage service-focused operations. The industry expertise of our people and solutions, together with commitment to our customers, has made us a recognized leader and the most recommended supplier in our sector. Our team of 3,500 employees supports more than 10,000 customers worldwide from a network of local offices and through our growing ecosystem of partners. For more information, visit: IFSworld.com

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