Inventel × Oracle NetSuite's globalization has reached a new level

Founded on September 5, 2007, Inventronics is a high-tech enterprise engaged in the research and development, production, sales and technical services of LED drive power. The sales scale of LED drive power ranks among the top in the world. The company made an initial public offering of shares in December 2016 and was listed on the Growth Enterprise Market.

The company is headquartered in Hangzhou, Zhejiang Province, with subsidiaries in Europe, the United States, India, and Mexico, and offices in Southeast Asia, South Korea, Brazil, Shenzhen and other places, and has established an independent marketing and service network covering the world. Its products are sold to more than 80 countries and regions around the world, and enjoy high brand awareness and reputation at home and abroad.

Since its establishment, Inventronics has focused on globalization and has a global operation team. In order to promote the corporate globalization strategy and accelerate the industrial layout, Inventronics urgently needs a management system that can support global business. The original management system of the enterprise cannot meet the challenges brought about by the higher requirements of globalized coordinated operations, such as faster consolidation of subsidiary reports, and real-time follow-up of the business execution of each subsidiary. The management system is upgraded within the enterprise to adapt to the development of transnational trade.

Oracle NetSuite has excellent globalization capabilities, supports more than 20 languages, built-in tax systems of more than 100 countries, supports fiscal and taxation localization solutions in the United States, Europe, Australia and other countries and regions, and provides strong international support for enterprises.

After careful evaluation by Inventronics's management, Oracle NetSuite fully meets Inventronics's development management needs and provides all-round support for the rapid development of the business. Inventronics ultimately chose to work with Hitpoint, which has extensive experience in implementing Oracle NetSuite, to achieve the goal. The management of the enterprise mentioned that Hitpoint's excellent Oracle NetSuite overseas project implementation experience and excellent implementation and development consultants were the key factors for choosing Hitpoint as a partner.

After the successful deployment of Oracle NetSuite, Inventronics has a full-featured, integrated enterprise management system that supports the enterprise's global business anytime, anywhere with only one system:

1. Manage the business of overseas companies on a unified platform to easily see the business execution of each overseas subsidiary;

2. Financial personnel of overseas subsidiaries can use the same set of subject system management in the same system;

3. ERP system deployed by SaaS cloud;

4. Use the native functions of Oracle NetSuite platform and localization packages provided by partners in SDN to promote the launch of overseas ERP systems.

Thank you for your strong support for the project. After 5 months of cooperation, the two subsidiary systems in the United States and Europe have been successfully launched. Throughout the project, the Hitpoint implementation team broke through layers of difficulties with very professional knowledge, strong learning ability and perseverance. Not afraid of hardship, not afraid of tired spirit is admirable. What is more worthy of recognition is their professional skills and confidence in the system.

It is believed that with the help of Oracle NetSuite and Hitpoint, Inventronics will be able to respond to customer needs more quickly and contribute to the continuous progress of the global LED lighting industry!