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Lighting Products
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Electronic Products
Inventronics
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LED Driver Power Supplies
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Sensors
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LED Modules
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Control Systems and Accessories
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Customer Profile
Founded in 2007, Inventronics is a leading global manufacturer of lighting accessories, offering a broad portfolio of lighting products covering LED driver power supplies, sensors, control systems and LED modules. Headquartered in Hangzhou, China, with R&D centres in Garching (Germany), Treviso (Italy), Delhi (India) and Shenzhen (China), the company focuses on the development of high-, medium- and low-power drive power supplies, control systems, and accessories; its manufacturing centre is located in the Tonglu LED Power Supply Industrial Park in China, and it also has factories in Mexico, Italy and India. The company has many professional R&D staff, hundreds of domestic and foreign patents and a diverse product portfolio suitable for a variety of application scenarios.
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Informatics Challenges
1.Group consolidated reporting requirements: the domestic supply chain and production subsidiaries use the DINGJIE system, has done a lot of customised development, both can not be replaced and can not be extended to all overseas subsidiaries;
2.Overseas sales company's rapid deployment and personalised management requirements;
3.Mexico factory's local tax compliance needs, docking needs with Dinje's production system and WMS system.
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Solutions
1. Group financial management:
(1) Using NetSuite as Infinity Group's globalised group financial system, configuring multiple sets of accounts for all group subsidiaries, with the first set of accounts meeting local guidelines and the second set of accounts for PRC group management and consolidation;
(2) Overseas subsidiaries (U.S. and the Netherlands) use NetSuite directly to manage all of their inventory and financials;
(3) Mexican subsidiaries use NetSuite to manage trade functions, and the production side is docked to Dingjie business documents and financial vouchers;
(4) The business data of the domestic subsidiaries only need to synchronise the financial data to NetSuite at the end of the month;
(5) Automatic consolidation of reports in NetSuite;
2.Overseas sales companies: the complete landing of the United States and the Netherlands trading subsidiaries, personalised fiscal compliance;
3.Mexico factory:
(1) Mexico fiscal localisation: local e-invoice docking, IMMEX import-related purchase tax management, local sales-related Bill of Landing, etc;
(2) Docking with Dingjie production system: seamless integration of master data, production work orders, material requisition orders, completion orders, work order times and so on;
(3) Docking with self-developed WMS: Incoming and outgoing orders, transfer orders, material receipt and return, inventory count reconciliation, etc.
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Customer Benefits
Through NetSuite platform, Infinity Group has achieved the through integration of global business finance and personalised and refined management of its subsidiaries.
1.Enhance the efficiency of global financial management: Configure multiple accounts through NetSuite to meet the financial needs of different subsidiaries and regions, and achieve automatic consolidation of reports, which greatly improves the efficiency and accuracy of the group's financial management;
2.Enhance the management convenience of overseas subsidiaries: ensure the real-time synchronisation of financial and business data, and enhance the science for decision-making;
3.Personalised tax compliance support: provides subsidiaries in different regions such as the United States, the Netherlands and Mexico with personalised solutions that comply with local tax regulations, reducing compliance risks.
