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China LocalizationDEMO

 China Finance Localization SuiteApp

The Hitpoint China Finance App is the built-in NetSuite version of our well-known financial and localization solution: Hitpoint Finance PLUS. Since 2005, our solution has helped more than 300 multinationals avoid potential policy risks, and resolve taxation localization and compliance issues.Regardless of which accounting standards you report to, our China Finance App converts PRC GAAP data without a need to make any changes to the existing NetSuite data. Our apps meets the tax, audit and management requirements of the various Chinese statutory reports, while maintaing the integrity of the original data in your system. Simply by implementing the China Finance App, you are able to add China-compliant reports to your financial reporting repertoire.

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 China Tax Localization SuiteAppHitpoint China Tax SuiteApp

The Hitpoint China Tax App is the built-in NetSuite version of our well-known financial and localization solution: Hitpoint Tax PLUS. The app provides businesses with a streamlined, automated invoice management platform, efficient maintenance of disparate billing information, and support for internal and external use.Hitpoint Tax PLUS invoice management solution is based on the local tax invoice best practice management system. Our innovative solution incorporates all invoice-related matters, streamlines invoice automation, and provides process-driven, collaborative management across accounts – effectively reducing the time cost of the financial sector and the labor costs of routine invoice transaction processing. With the App, you will improve management efficiency and accuracy of decision-making and reduce financial staff workload, providing visibility, optimization and control of invoicing, and ultimately enhancing the level of corporate tax management information which you possess – and, therefore, your management capabilities.

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 Hitpoint MRP product package

Hitpoint combines production industry business experience and NetSuite technical experience, minimum order quantity, substitute materials, factory (multiple locations) and other parameters, re-parallel calculation, multiple calculation methods, calculation result traceability, request purchase the traceability source, difference analysis, etc. To form a product package that meets the typical MRP needs of Chinese companies.

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 Hitpoint tax-included unit price product package

A large number of Chinese customers are used to quoting and placing orders at tax-included prices. This product enhances NetSuite‘s price entry method, automatically calculates untaxed prices, and improves the efficiency of customer entry orders.

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 Hitpoint purchase ladder price product package/span>

The purchasing department of many customers in China maintains a set of purchase ladder price lists, which automatically bring the appropriate price according to the supplier, materials, order quantity and price validity of the current purchase order. This product improves the universality and applicability of NetSuite purchase ladder pricing, enhances the time management of ladder pricing, and improves the price archiving function.

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 Hitpoint shipping cost carry-over product package product package

Many manufacturing companies in China often divide the responsibilities of purchasers according to the category of goods, assign several categories of goods to an employee, and restrict the purchasing authority and maintenance authority of purchasers according to the category of goods. In addition, there will be job rotation system in the enterprise to let employees contact with new fields or other positions. Therefore, in the management of employees‘ purchasing authority, it is necessary to consider the situation of job rotation.
This product strengthens the control of purchasing responsibility scope, solves the concern of department leaders about data security, reduces the risk of purchasing personnel recording wrong orders, improves the accuracy, optimizes the staff rotation process, and improves the allocation efficiency.

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 Hitpoint manufacturing cost sharing product package

Manufacturing companies will incur various direct and indirect costs when producing products, including direct materials, direct labor, and manufacturing costs. Direct materials will be carried forward directly in production, while labor costs and manufacturing costs need to be apportioned to production costs in proportion at the end of the month, so that product costs can be more accurately collected. Hitpoint‘s newly developed manufacturing cost sharing package enhances NetSuite’s cost sharing function and makes it easier to share labor and manufacturing costs.

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 Hitpoint manufacturing cost sharing product package

Due to the principle of accounting matching,  some companies only confirm the cost of sales when issuing invoices, and before that, for the goods issued, the financial staff debit them to the commodity subject.
After the invoice is issued, the issued goods will be carried forward to the main business cost. Hitpoint‘s new manufacturing cost sharing product package is a great addition to NetSuite’s cost sharing function, enabling labor and manufacturing cost sharing.

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