Samsung China Investment Co., Ltd. (hereinafter referred to as Samsung China) recently signed a successful agreement with Baiwang Cloud to jointly build the "Digital E-Invoice Enterprise" project. This collaboration aims to accelerate the company's digital transformation process, implement ESG concepts, and build a localized digital ecosystem.

Established in 1996, Samsung China Investment Co., Ltd. serves as the headquarters of Samsung Group in China. It is a powerful sales company that adheres to the business philosophy of "becoming a company loved by the Chinese people and contributing to Chinese society," growing alongside China. Its business scope includes products such as mobile phones, home appliances, and storage devices. The company's outstanding sales performance and characteristics have played a crucial role in the international market.

Digital technology is key to winning in China. To better respond to market challenges and more flexibly meet market demands, Samsung China continuously promotes digital transformation and builds a localized digital ecosystem. The Golden Tax Phase IV reform is a significant fiscal and tax policy change in China, transitioning tax collection and management to digital and intelligent processes, crucial for the future compliance and development of enterprises. As the pilot implementation of digital invoices (e-invoices) spreads nationwide and the promotion of e-invoice services accelerates, the application and processing of digital invoices become urgent and an important part of advancing digital transformation.

Moreover, Samsung China has always integrated the concept of green operations into its business practices, actively fulfilling the environmental responsibilities of a multinational corporation, integrating into China's high-quality economic and social development, achieving a win-win situation for economic and social benefits, and contributing to China's "dual carbon" goals. The application of digital invoices makes the circulation and transmission process fully online, eliminating the limitations of paper invoices, saving the company a significant amount of paper annually, supporting energy conservation and emission reduction, lowering operating costs, implementing ESG concepts, and achieving sustainable development.

Baiwang Cloud is a leading provider of integrated invoice, financial, and tax solutions and a builder of a data element ecosystem platform in China. It can provide governments, enterprises, and public organizations with digital solutions and services such as compliant electronic invoice management, intelligent financial and tax management, intelligent supply chain collaboration, digital precision marketing, and intelligent risk control. Baiwang Cloud deeply understands the Golden Tax Phase IV policy, possesses extensive experience in implementing digital e-invoice enterprise projects and industry services, and can quickly help enterprises complete a series of tasks from e-invoice application, system docking, sandbox testing, system integration to e-invoice issuance, assisting pilot enterprises in achieving efficient application of digital e-invoices.

This collaboration between Samsung China and Baiwang Cloud will jointly promote the integrated construction of the digital e-invoice enterprise, reduce Samsung China's resource input, meet personalized needs, achieve automated e-invoice issuance at the fastest speed, promote efficient and compliant financial and tax management, and improve company service quality and customer experience. In the future, the two parties will explore new models of financial digital transformation based on digital invoices, continuously injecting new momentum into the high-quality development of enterprises.