Western Post-Customer cases-Hitpoint Cloud - A Five-Star Certified Partner of NetSuite in China, and a Service Provider of Oracle NetSuite Cloud ERP Solutions.

Customer Profile

Western Post is a leading provider of medium- and large-value logistics and overseas warehouses in Europe and the United States. It is committed to building a solid bridge linking the European and American markets for medium and large-sized sellers. With the support of its self-researched 10+ intelligent business management system, Western Post Logistics seamlessly connects domestic sellers‘ needs for going to the sea with overseas business scenarios, provides integrated or customised solutions for different sellers to go to the sea with medium- and large-sized products, comprehensively empowers sellers’ needs, helps medium and large-sized sellers to get through to the whole world, and contributes to the global going to the sea with the power of Western Post. Power.

Informatics Challenges

1. Global subsidiaries have different financial systems: domestic headquarters and Hong Kong companies use Kingdee system, US companies use NetSuite, and German companies have no financial system;

2. Separation of business and finance: there is no integrated process of business and finance between the business centre and the finance system, and there is no effective docking; Western Post has developed its own business centre (based on the globalized WMS), which is linked to the front-end self-developed CRM, OMS and TMS systems; however, there is no effective docking with the back-end Kingdee or NetSuite, and the centre manages the business, while the back-end finance system manages the financial accounting, so there is no way to talk about the integration of business and finance;

3. There are problems in the through process planning of the business centre and back-office financial system: for example, the duties and boundaries of the centre and back-office, the design of the nodes and frequency of docking;

4. Functional limitations of the financial systems themselves: Kingdee system could not meet the requirements of internationalised financial management; the basic version of NetSuite purchased by the US subsidiary did not cover the fixed assets module, and an external sub-system was used at that time to deal with warehouse forklift financing and leasing matters;

5. No personalised advanced financial functions: with many types of business, complex inter-subsidiary related transactions and more rules, the standard functions of Kingdee and NetSuite cannot meet the automation of such complex inter-company related transactions, and certain customised development is required.

Solutions

1.Remodeling of the global financial structure: multiple standards and books, financial attributes of departments and categories, reconstructed business and financial integration of service categories (headway, overseas warehouse, hosting semi-hosting, consolidation warehouses, returns, on behalf of the operation, etc.) and service goods (headway services, logistics costs - self-shipment, logistics costs - forwarding, warehousing costs, warehousing costs, out of the warehouse, trucking services, value-added services, etc., the system user fees, returns Logistics); unified customer and supplier management;

2.Docking and data co-design of middle and back office NetSuite: creation of customers and suppliers, creation of service goods, synchronisation of accounts receivable and payable, etc;

3.Personalised inter-company related transactions: customised related transaction rules (by business type, by expense type, by subject) and five categories of related transaction processes; inter-company related transaction summary and automatic generation of inter-company related transaction journal;

4.Financial automation: automated fixed asset management and full-process forklift finance lease management;

5.Global financial and tax compliance landing.

Customer Benefits

Hitpoint has rich experience in cross-border logistics and overseas warehouses, a lot of experience in globalisation finance and tax planning, docking with business middle-office and designing industry-finance integration, and enough financial merits to help Western Post to extract the silk from the cocoon and customise the right solution.

1.Multi-scenario related transaction automation module, help Western Post globalisation/group financial automation landing;

2.Control costs and achieve the unification of group/globalised financial platform: with an annual rental cost lower than that of the original NetSuite system of Western Post's US subsidiary, it solves the problem of the globalised and unified financial platform of the entire Western Post group;

3.Can adapt to the rapid expansion of future business: replaced other financial leasing subsystems in the United States, opened new sets of accounts, such as European and Singaporean companies.

Helped Westpost Smart Warehouse to complete the establishment of the group's global financial system and the seamless collaboration with the business centre.

Western Post