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Oracle NetSuite helps Alvean China Digital to make efforts to stabilize the strain!

Alvean China's existing system requires server and data backup, and does not support Chinese and financial localization, which can no longer meet the needs of the digital age and Alvean China's business development. The fundamental difference in the degree of informatization is also one of the factors that make it difficult for the supply side to link with consumers. Due to the above, enterprises urgently need a flexible and integrated ERP, which can generate both the IFRS reports required by the group and the localized reports required by China.

Alvean Sugar (Shanghai) Co., Ltd. (hereinafter referred to as “Alvean China") is a leader in the global sugar industry, dedicated to the distribution and global trade of raw and white sugar. Alvean China is a wholly-owned subsidiary of Alvean Group established in Shanghai, China. In addition to its own domestic trade, Alvean China also provides market research on the domestic sugar industry for the parent company of the group and assists it in developing Chinese customers.


Opportunities and Challenges
Alvean China's existing system requires server and data backup, and does not support Chinese and financial localization, which can no longer meet the needs of the digital age and Alvean China's business development. The fundamental difference in the degree of informatization is also one of the factors that make it difficult for the supply side to link with consumers. Due to the above, enterprises urgently need a flexible and integrated ERP, which can generate both the IFRS reports required by the group and the localized reports required by China.

Increased efficiency
•Master data can be maintained on its own, and it is free from dependence on traditional ERP servers.
•The monthly closing time is shortened by 1/3, and the future online financial localization can help the company to generate the statements under the international standards required by the group. At the same time, it can also generate financial statements required by Chinese accounting standards.
•The work efficiency has been greatly improved, and the dependence on a large number of EXCEL files has been reduced.


Reasons to choose NetSuite

Alvean China chose NetSuite because the system is simple, convenient and fast to use, and the SaaS-based model can log in anytime, anywhere. Hitpoint's custom-developed modules based on the characteristics of our bulk commodity industry can help our company to accurately manage the futures and spot positions it holds, and at the same time, it can quickly complete the invoicing and inventory management of spot trade, which greatly improves work efficiency.


future outlook
It is hoped that the digital seedlings planted by Hitpoint Cloud for Alvean China will help it obtain flowers and trees in its future business journey.
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