China Tianchen Engineering (CNCEC-TCC)

China Tianchen Engineering (CNCEC-TCC) provides EPC (engineering, procurement, and construction) services for petrochemical plants, primarily serving SABIC in Saudi Arabia.

The Challenge

Lack of Cross-Region Financial Control

Multiple entities across different countries operated with inconsistent accounting practices, making it difficult to maintain centralized control.

Complex Consolidation and Compliance

Independent accounting requirements under IFRS and cross-region compliance created operational complexity.

The Solution

Multi-Organization Financial Governance

Yonyou enabled centralized control across multiple entities while supporting independent accounting for each region.

Efficient Group Consolidation

Automated consolidation processes ensure accurate, real-time financial reporting at the group level.

Cross-Region Compliance Management

Standardized workflows ensure consistent compliance across different jurisdictions.