Shiji is proving itself to be a dominant provider of solutions to the hospitality industry and is an ideal partner for Infor in China. Infor FMS SunSystems is already a leading financial system for hospitality companies globally and our affiliation with Shiji will expand our footprint to hotels across China's vast and growing market.
Past News ReleasesRSS
Beijing, China (PRWEB) August 27, 2008
Infor announced today that it has entered into a multi-million dollar agreement with Shiji Information Technology Co., Ltd , (SHE: 002153), in which Infor appoints Shiji as the exclusive agent of Infor's financial solution, Infor FMS SunSystems, to the hospitality industry in The People's Republic of China. Under the agreement, Shiji has guaranteed to sell licenses of Infor FMS SunSystems with a market value of at least $10 million in exchange for exclusive rights to provide the solution to hotels and other hospitality companies in mainland China for a term of five years.
Founded in 1998 and listed on the Shenzhen Stock Exchange, Shiji is the leading provider of IT solutions and services to China's hospitality industry. The company provides a full range of hospitality automation solutions and is the preferred vendor for many international hotel groups including InterContinental, Marriott, Accor, Peninsula, Hyatt International, Starwood, Hilton, Shangri-la, and others. The company is the exclusive agent of Micros-Fidelio in The People's Republic of China.
"Hotels are blossoming across China, due to the country's tremendous economic growth, its robust tourism industry, and its status as a premier destination for global events like the 2008 Beijing Olympics and the Shanghai World Expo in 2010," said Lawrence Chan, president, Asia-Pacific, Infor. "Shiji is proving itself to be a dominant provider of solutions to the hospitality industry and is an ideal partner for Infor in China. Infor FMS SunSystems is already a leading financial system for hospitality companies globally and our affiliation with Shiji will expand our footprint to hotels across China's vast and growing market."
Infor FMS SunSystems helps some of the world's most successful hotels and resorts integrate and streamline their financial processes to improve visibility and profitability across their enterprise. The solution includes pre-defined chart of accounts that adhere to hospitality standards, pre-defined analysis capabilities designed for hospitality companies' general ledger, management and department structures, and reports and key performance indicators that give in-depth insight into financial performance. The solution is also designed to integrate with point of sale (POS) and property management systems (PMS) used at hotels and resorts.
"Infor is a fast growing, global provider of software known for providing solutions that are built for specific industries, which reduces costs and complexities for the customer. Infor FMS SunSystems is an excellent fit for our product portfolio and provides hotels with a world-class financial solution that is localized for the China market," said Li Zhong Chu, president and CEO, Shiji. "Together, Infor and Shiji can serve the needs of China's hospitality industry, providing one-stop shopping to the sector in terms of products, delivery and support. We look forward to a successful partnership that benefits both parties and delivers tremendous value to our customers."
About Shiji Information Technology Co., Ltd
Shiji is the leading company providing total IT solutions to the hospitality industry and is serving more than 3000 hotel and 3000 restaurants in China. Solutions ranging from delivers software like PMS, Sales and Catering, Point of Sales, Accounting, Purchasing and Inventory, Human Resources and to the new CHINAonline which is a technology platform to provide the last mile to the hotels with real time information exchange between hotels and the reservation companies. For additional information, visit http://www.shijinet.com.cn.
Infor acquires and develops functionally rich software backed by thousands of domain experts and then makes it better through continuous innovation, faster implementation options, global enablement, and flexible buying options. In a few short years, Infor has become one of the largest providers of business software in the world. For additional information, visit http://www.infor.com.
+1 (678) 591-4706
wade.coleman @ infor.com
+86 21-5359 9666
joyce.zhu @ infor.com
# # #