DB China partners with Yonyou for joint treasury offering
DB’s financial system will be connected to Yonyou’s ERP platform and TMS, which serves a group of state-backed enterprises in China. The first roll-out is expected in Q1, according to a DB spokesperson.
Deutsche Bank (DB) China has signed a strategic memorandum of understanding with Yonyou Network Technology, an enterprise resource planning (ERP) system provider in China, aiming to provide joint cross-border treasury offerings for Chinese corporate clients with global expansion plans.
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