Elephant Huiyun

The company's core business revolves around providing a comprehensive, one-stop platform for the full lifecycle management of invoices. Its product offerings cater to a diverse client base, ranging from large enterprise groups to small and medium-sized enterprises. For large corporations, the "Daxiang Zhishui (I-Tax)" system offers a suite of solutions including management of both paper and electronic invoices, handling input and output VAT invoices, tax declaration management, and maintaining electronic accounting archives. For smaller businesses, the "Daxiang Youshui" product line provides accessible tax service solutions. The business model is centered on delivering these Software-as-a-Service (SaaS) platforms, which help clients streamline tax-related workflows, from invoice issuance and verification to expense reimbursement and risk control. Revenue is generated through subscriptions to these cloud-based services and potentially from value-added data services.

Key milestones include securing an angel round from its parent companies in March 2016, a strategic investment from a Tencent affiliate in 2018, and multiple subsequent funding rounds, including a Series C of over 100 million RMB in September 2023. The company has been an active participant in the development of national electronic invoice standards in China. As of late 2023, Elephant Huiyun served over 3,000 large enterprise clients and more than 300,000 SMEs, having processed over 15 billion electronic invoices. The management team includes Chairman Chen Yi, who has a background with Aisino, and Vice Chairman Cai Lei, a former JD.com executive known for his role in promoting electronic invoicing in China.