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Keyfunc assisted Damin International to build a digital consolidated report management platform
2023.06.12

Recently, Keyfunc and Damin  reached a cooperation to build a digital consolidated statement management platform for Damin, helping enterprises achieve complex environments, simple mergers, help enterprises complete consolidated statement business accurately, compliantly and automatically, and improve closing efficiency.

 

Founded in 1995, Damin is one of the core brand enterprises under Jiang's Holdings. So far, Damin has the world's advanced plant extraction, marine biological processing production line and diversified health food automatic production line, through independent research and development, has obtained nearly 80 patents, including more than 40 invention patents, and was selected as the fifth place among China's top 100 food OEM enterprises.

 

Focusing on the three major fields of natural plants (such as tea, coffee, herbs, etc.), marine organisms (such as microalgae, marine plants, marine microorganisms, etc.), and natural minerals (such as organic calcium, selenium, etc.), Damin  opens up the upstream and downstream industrial chain, and provides raw materials, products and one-stop solutions for many well-known food enterprises around the world. With the deepening of the  industrial chain of Damin, the traditional mode of relying on Excel to manually compile consolidated reports has brought huge workload to the financial department, and it is more difficult to avoid data errors caused by human reasons, which has affected the efficiency of enterprise closing. To this end, Damin  hopes to introduce digital power and build an intelligent consolidated statement management platform to automate and intelligentize the merger business, reduce the workload of the financial department, and improve the efficiency of closing accounts. After many investigations, Enterprise Cloud finally stood out with its strong data integration capabilities, voucher-level reconciliation platform, transparent and traceable compliance management and other capabilities, and reached cooperation with Damin .

 

Dr. Wang Hualin, CEO of Keyfunc, said: "Keyfunc will inject digital power into Damin , help Damin build an automatic, transparent, compliant and easy-to-use consolidated management reporting platform, reduce the duplication of low-value audit logarithmic work by 90% in finance, improve closing efficiency, and release financial energy, focus on value creation, and realize financial strategic transformation." 


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