【Cloud Goods Sharing】A true cloud ERP solution to drive business growth!

Today's market is changing faster than ever and competitive pressures continue to increase. To adapt to this fickle environment and set the stage for growth, businesses are realising that previous processes and locally deployed systems fall short. They need modernised IT infrastructures to provide the visibility and scalability required for business growth.

During the discussion, executives emphasised that cloud ERP systems support rapid scaling, access to a distributed workforce and real-time insight into operational status anytime, anywhere, thus helping businesses respond to market changes. In addition, cloud ERP systems provide a comprehensive view of the customer, helping employees at all levels stay informed and make informed decisions in real time. Since cloud infrastructure can flexibly scale with growth, IT teams can be freed from complex integration and upgrade efforts to avoid being at a competitive disadvantage.

One.

Why Organisations Should Migrate to Cloud Financial Solutions

01｜Businesses across all industries are under pressure to modernise

Regardless of the industry, businesses are under immense pressure. Competitors are constantly pushing new products and customers are demanding better service and faster speeds, thus requiring businesses to launch new products and expand into new regions accordingly. Achieving ambitious growth and expansion goals requires out-of-the-box thinking that eliminates silos, creates a ‘single source of information’ and provides real-time visibility to make informed decisions quickly. Organisations need unprecedented speed, visibility and scalability, and this requires a modern IT infrastructure to support this different way of operating. For most organisations, the locally deployed systems of the past are no longer sufficient to meet current and future business needs. Only a modern, multi-tenant SaaS system can help organisations build a unified data model and significantly enhance decision-making capabilities.

02｜Cloud has become the de facto standard for the modern enterprise

In today's tough economic climate, business leaders need to achieve results faster with fewer resources. Regardless of the size of the organisation, the cloud represents a huge opportunity and is already a major trend.

Organisations adopting a cloud-first strategy have discovered that the true value of the cloud lies in the ability to delegate service level agreements (SLAs) for the entire solution from the infrastructure to the applications, rather than the components. Integrated suites are known to help reduce complexity, improve reliability, and lower costs, and with cloud technology, the suite can comprehensively cover hardware, security, and operations. Most people see the cloud model as having both cost and convenience advantages: increased availability, speed, agility, and lower TCO, leading to faster development processes, higher reliability, and reduced risk. Organisations that adopt an ad-hoc solution miss out on the many benefits of the cloud and face a variety of pitfalls. However, in the current market situation, not all cloud providers are able to overcome the challenges and deliver an integrated offering, which adds a lot of unnecessary administrative work to the organisation.

II

Real Cloud vs. Fake Cloud

How can you tell the difference between a real cloud and a fake cloud? Why is this important? Not all hosted software products with the name ‘cloud’ are true cloud solutions. Many locally deployed vendors see a great opportunity to create additional revenue streams and are trying to catch the eye with ‘cloud-enabled’ applications.

So how can you tell the difference between a true cloud solution? And more importantly, why should you care? It's because fake cloud solutions are expensive, inefficient and unscalable, and come with the following characteristics:

1. lengthy and painful product upgrade processes

2. Costly and unstable integration and customisation

3, Too much downtime, inadequate security and support

4、The need to overbuy/overprovision capacity

iii

Benefits of Migrating to Oracle NetSuite

EliTe Solar

The modular design of Oracle NetSuite has helped us streamline our business processes and improve management efficiency. Its advantages of multiple tax regimes, multiple accounting standards, and multiple languages are not only conducive to the multi-accounting model, but also to our future IPO strategy.

--Cao Hubing, Chief Financial Officer

EliTe Solar

About EliTe Solar

EliTe Solar is committed to become a global professional PV system service provider. Focusing on the development of the global PV value market, it strategically arranges manufacturing in Southeast Asia, and achieves a two-wheel drive with brand influence and scale manufacturing, establishing business sections such as silicon wafers, batteries, and modules, and realising the vertically integrated development of the photovoltaic industry.

Challenges

1、Operating process is cumbersome and inefficient Employees need to switch between multiple systems to obtain and share data, and manually enter and export data.

2、 Business development is limited when the enterprise business diversification, the traditional system has a single function and poor scalability.

3、 Future adjustment difficulties

Traditional system architecture rigid, difficult to flexibly adapt to business adjustments.

Solutions

1、 Optimise the operation process

a. Using Oracle NetSuite platform features and reporting technology to provide integrated business operations. Make it easier for employees to obtain and share data.

b. Take the ERP management concept as a guide, standardise basic information, and drive business processes to be convenient.

2、Enhance future applications

a. Based on the functional diversity and openness of the Oracle NetSuite platform, it supports the diversified development of enterprises.

b. The advanced system architecture supports the future business adjustment of the enterprise.

Achieved benefits

1、Enhance work efficiency to achieve integrated business operations, simplify the process of data acquisition and sharing.

2、Support diversified development to flexibly expand business functions and meet diversified development needs.

3、Protect business continuity

Ensure business continuity and stability, and reduce the risk of system upgrades or changes.