Established in 1978, Yem Chio mainly provides BOPP thin films, OPP adhesive tapes and various package materials and is the largest among its Asian peers. Yem Chio has production facilities in Taiwan and China, with 50 distribution locations and over tens of thousands of clients. The Group oversees subsidiaries from various industries such as chemical, real estate and construction.
System transformation requirements bringing new ERP system purchase
The existing information system of Yem Chio only supports sales and inventory functions. While the system is based on DOS version with no connection among modules, Yem Chio’s accountants need to manually export data from the system and fill in accounting vouchers. With operational system change, consolidation of the provider of the system, requirement for a better costing system among growing sales scale of Yem Chio and needs to have instant control over subsidiary information, the group has decided to search for a more flexible and complete system that features more reports for decision-making and is easier to maintain.
With rapid growth, Yem Chio expects to manage its internal operations with a centralized database (three-tier structure) to enable cost-down, data accuracy and security and unlimited ERP access, so its database and application servers can be placed at its headquarter.
With much consideration, Yem Chio has decided to adopt Ares ArgoERP on professional and experienced Ares consultants, famous best practices and a competitive ERP pricing. Specifically, Yemo Chio is impressed with the friendly interface and flexible settings of ArgoERP.
ArgoERP can help improve the efficiency of accountants. Its multi-company setting saves the trouble of additional expenses. Most importantly, ArgoERP allows
transfer pricing for profit centers, facilitating report compilation of profit centers. Consequently, Yemo Chio has decided to have Ares introduce ArgoERP for its operations.
Professional introduction in no time; one-stop shopping solution
During the system introduction process, Ares consultants provide a series of educational trainings to facilitate understanding of ArgoERP modules, flexible settings and to enable improvements of its business processes.
Ares assists Yem Chio to add e-form document flows while the new system allows direct delivery of forms via Outlook mail software installed on PCs, without the need to send the forms as attachments.
Ares cooperates fully with Yem Chio during the implementation process, so that the system and HR module can be quickly and smoothly implemented.
With ArgoERP, Yem Chio can dramatically save account-closing time, quickening the speed of internal profit pricing, inter-department and profit center calculation. With reduced time and labor costs, Yem Chio can be better positioned in improving its competitiveness.
Striving for the best; introduce CRM and IFRS solutions
Since Yem Chio is very satisfied with the services of Ares consultants, it also requested that Ares introduce CRM and IFRS solutions for Yem Chio. The first IFRS solution-certified ERP company in Taiwan, Ares is equipped with the know-how for IFRS information system and can help Taiwanese customers to quickly meet the requirement of Taiwan IFRS policies.
Yem Chio noted that the CRM modules introduced by Ares help to track existing clients that have not kept in contact with Yem Chio for months. With the platform, Yem Chio can serve its existing clients with new products, creating much more business opportunities and value, the company explained.
The IFRS system introduction also helped Yemo Chio significantly. Taiwan-based public companies are required to conform to the IFRS policies by 2013 and Ares assisted Yem Chio to launch various ERP settings such as multi-structure, multi-ledger, functional currency, asset equipment, revenue recognition and transfer pricing.
Albert Liu, CFO of Yem Chio, stressed that with the introduction of ArgoERP IFRS modules, Yem Chio can dramatically improve the speed of financial report compilation, save the costs of making consolidated reports and lower labor costs. Additionally, Yem Chio can benefit from the introduction in terms of global competitiveness, as introducing IFRS solution enables more accurate analysis of its financial reports and better performance. Thereby, it would be easier to raise funds in the global market, Liu noted.
Yemo Chio is striving to become the world’s largest thin-film and tape group. With vertical integration, the group is sure to create an even better performance and remain highly competitive for the years to come.
Introduction of ArgoERP
ArgoERP provides global mainstream innovative technology, limitless information integration, complete and advanced system functions as well as a user-friendly interface. Therefore, ArgoERP can meet the needs of the multi-business and multi-product operational strategies of the enterprise, serving customers from various industries including construction, architecture, chemical engineering and service. Major customers include Advanced Optoelectronic Technology (AOT), Inc., Amkor Technology, Inc., AOpen Inc., Caremed Supply, Inc., China Engine Corporation, China Ryoden Co., Ltd, DaimlerChrysler AG. Taiwan, Famtech Inc., HannStar Display and Hitachi Taiwan.
Ares International Corp. is the first Taiwan-based ERP provider to receive acknowledgement from the Taiwan government for Taiwan's adoption of International Financial Reporting Standards (IFRS) with ArgoERP.
For more information about ArgoERP IFRS solution: http://www.ares.com.tw/
Introduction of Ares
Ares International Corp. is the first Taiwan-based software company to be listed on the Taiwan Stock Exchange (TSE). Established for nearly 30 years, Ares is a professional management information system software provider, with professional areas in product technical R&D and system integration. Ares provides products as well as total solutions for e-business, with major service fields mainly for the financial, government and enterprise segments. Ares has received CMMI L3 certification, has outstanding project integration ability, quality guarantee ability, development and maintenance ability and a professional consultancy team.
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Ares International Corp. is the first of its peers to be listed on the Taiwan Stock Exchange (TSE), has four branches in Taiwan and three in China and provides software integration service for enterprise, government and banking segments. The company has been established for over 30 years.