Oracle NetSuite helps Yongqiang to expand overseas business across borders and strengthen the domestic market!

The Yongqiang cross-border team is relatively young, and needs some customized support for cross-border sectors such as procurement and customs declaration. It is hoped that after the system is launched, the employees of the enterprise can be freed from manual bookkeeping, so that everyone's work efficiency can be seen at a glance, the business can be more compliant, and the operation can be truly refined.

——Mr. Xie, CEO of Yongqiang Cross-border

Founded in 1992, Zhejiang Yongqiang Group Co., Ltd. (hereinafter referred to as "Yingqiang Group") is a world-leading manufacturer of outdoor leisure furniture. As a furniture manufacturer that integrates design, development, production and sales, Yongqiang Group is committed to providing users with quality, comfortable and beautiful new leisure garden experience, so that millions of families can enjoy a better and more comfortable sunny home life.

As digital technology increasingly penetrates into the entire process of product development, design, and manufacturing, the output of furniture companies is changing from single products to services and solutions. Today's furniture industry requires simultaneous processing of products, information and knowledge. For Yongqiang, which is in the process of rapid development, information processing capability is an essential ability to grasp the opportunities of the times and follow the trend of the industry. At the same time, with the vigorous development of Yongqiang's overseas business, it needs an intelligent tool to break through the pain points of enterprise management at that time, help improve the quality and efficiency of enterprise operations, and expand the brand overseas.

Yongqiang Group has been making unremitting efforts to become "the world's largest home furnishing service provider"and pursuing excellence in brand building, enterprise management, and product manufacturing. In the first half of 2022, Yongqiang Group ushered in the successful launch of the first phase of the Oracle NetSuite project. Moreover, with the cooperation of Oracle NetSuite, Hitpoint Cloud, and Yongqiang Group, the second phase of the project has also been successfully implemented. Oracle NetSuite & Hitpoint Cloud accompanied Yongqiang Group through a critical period of informatization journey. With the help of Oracle NetSuite cloud platform, Yongqiang cross-border team has taken a big step towards real fine operation, cost reduction and efficiency increase.

1. Order management: Integrate relevant orders from all e-commerce platforms such as Amazon, Wayfair, Walmart, and Home Depot, and update them in real time to realize data interaction between multiple platforms and multiple accounts.

2. FBA head-end management: Amazon's background automatically pulls the FBA shipping plan and creates a transfer order. After the product enters the warehouse, the ERP system needs to automatically pull the storage information from the overseas warehouse.

3. Return and exchange management: The corresponding platform automatically generates a return form and collects a refund. At the same time, the timely update of the financial module is realized according to the Amazon business.

4. Distribution business management: Realize automatic generation of purchase orders, automatic delivery, automatic generation of purchase/sales invoices, and real-time update of financial data based on distribution business.

5. Warehouse management: Realize real-time capture and summary of data from different overseas warehouses and real-time update in the financial module of the enterprise to meet the needs of business-finance integration. At the same time, it helps to set the minimum inventory warning report to remind operations and logistics to replenish goods in time, and automate the allocation of third-party warehouses to FBA warehouses.

6. Purchasing and customs declaration module: NetSuite can give sales forecasts based on previous orders and overseas warehouse inventory, and automatically generate purchase orders based on templates and purchase data. At the same time, it can automatically generate four excel documents including customs declaration form, customs declaration invoice, customs declaration packing list and contract according to the template and logistics filling.

7. Financial module: According to the statements provided by each e-commerce platform, generate relevant financial statements and relevant financial vouchers. At the same time, based on the needs of the group's ERP financial system, it is connected to the group's U9 financial system.

The NetSuite system will grow together with the Yongqiang cross-border team, helping the Yongqiang cross-border team to create a beautiful home environment for customers more efficiently.