DataPost Pte. Ltd. and Kingdee Software (CHN) Co. Ltd. collaborate to promote Shenzhen and Singapore

(Photo Credit: Infocomm Media Development Authority [IMDA].)

With reference to the 2020 Memorandum of Understanding on digital cross-border trade and trade financing between the Infocomm Media Development Authority (IMDA) and the Commerce Bureau of Shenzhen Municipality. DataPost Pte. Ltd. (Singapore) has recently collaborated with Kingdee Software Co., Ltd. (China) to carry out a project on connectivity to the international Peppol e-invoicing network to promote and demonstrate the value of trade digitalization.

On 18 October 2021, DataPost Pte. Ltd. signed a MOU with Kingdee Software Co. Ltd. to improve the level of digital interconnection of a "Smart City" and promote the establishment of a comprehensive digital trade channel between Shenzhen and Singapore.

(Photo Credit: Infocomm Media Development Authority [IMDA].)

"This MOU collaboration represents a key milestone for DataPost to extend its recognition and expertise in the area of Peppol E-Invoicing internationally, allowing us to be diverse in our presence in today's global digital market.

We thank IMDA for allowing us to be part of the Singapore-China (Shenzhen) Smart City Initiative.

We also like to thank Kingdee for their interest and enthusiasm in our collaboration to introduce Peppol E-Invoicing on a wider international scale. This will create opportunities for companies to digitalise, and will also promote and demonstrate the value of trade digitalization. This will enable a comprehensive digital trade channel between Shenzhen and Singapore.

We are looking forward to working closely together." Quoted by: - Mr. Reynold SEAH, CEO, Secured Data Handling Group, Adera Global.

Established in 1994, DataPost is the region's market leader in handling secured data services and the largest entity of this industry in Singapore with the capacity and capability to process data into various digital and physical output. DataPost is also one of the first companies in Singapore to be certified by Singapore's Peppol authority, the Infocomm Media Development Authority (IMDA) as a Peppol e-invoicing Access Point (AP) Provider, successfully helping more than 50 different ERP solution providers to integrate Peppol capabilities into their digital solutions, and also assisting more than 7,500 businesses to connect to Peppol.

Founded in 1993, Kingdee International Software Group Co., Ltd. ("Kingdee International" or "Kingdee") is a company listed on the Main Board of the Hong Kong Stock Exchange (Stock Code: 0268.HK), headquartered in Shenzhen, China. From ERP resource planning capability to EBC digital combat capability, Kingdee continues to explore the field of cloud services. Being recognised by well-known research institutions at home and abroad, and has won multiple awards such as, being the only Chinese enterprise SaaS manufacturer ranking among the top five of Gartner's application platform software in 2020, and being the only Chinese enterprise SaaS manufacturer selected in the Gartner cloud ERP global market guide.

With this MOU collaboration, DataPost will promote Peppol e-invoicing's key benefits to China and build strong international connections and relationships in terms of digital partnerships, collaboration, and extending the exposure of its branding. Kingdee will enable businesses connected to their ERP system to communicate e-invoicing with other businesses locally and internationally and government agencies in the procurement process. Not only will there be digital interconnection between Singapore and China, and this will also extend to a global scale, where businesses will be able to connect in the same network digitally. The two will help businesses improve their efficiency, reduce costs, increase payment processes and at the same time be sustainable.