YEM CHIO

YEM CHIO
YEM CHIO CO., LTD (YEM CHIO): Driving Global Excellence with ArgoERP
YEM CHIO CO., LTD, founded in 1977, specializes in the production and distribution of packaging-related products, including BOPP films, OPP tapes, PVC tapes, and various packaging materials. As Asia’s largest packaging manufacturer, YEM CHIO operates major production facilities in Yangmei and Changbin (Taiwan), as well as Shanghai, Dongguan, and Shaanxi (China). With over 50 distribution centers across northern, central, and southern regions and serving tens of thousands of customers, YEM CHIO is a leader in its industry. The company also operates diverse subsidiaries spanning chemicals, real estate, hospitality, and construction.
Challenges
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Current System Limitations:
- The previous DOS-based system lacked integration between modules, requiring accountants to manually extract and reconcile data, resulting in inefficiencies and inconsistencies with consolidated accounts.
- The parent company required real-time data from its subsidiaries, which the existing system could not provide.
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Regulatory Compliance:
- As of 2013, listed companies were mandated to comply with International Financial Reporting Standards (IFRS), necessitating a system upgrade to meet these requirements.
Benefits Achieved with ArgoERP
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Enhanced Operational Efficiency:
- ArgoERP eliminated manual document transfers, enabling seamless workflows for the accounting team.
- The system supports multiple companies without requiring additional investment.
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Streamlined Profit Center Management:
- The profit center feature incorporates transfer pricing, allowing for accurate and efficient financial reporting across departments.
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Global Competitiveness:
- As Asia's largest packaging manufacturer, YEM CHIO’s adoption of ArgoERP underscores its commitment to global operational excellence.
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Adaptability to Market Demands:
- With a surging market demand, YEM CHIO implemented a robust and advanced ERP system, enhancing its readiness for global competition.
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IFRS Solutions and Value Chain Management:
- ArgoERP supports IFRS-compliant reporting and helps YEM CHIO seamlessly transition to these standards.
- The system also aligns with the value chain management framework, improving flexibility and integration across operational modules.
Advanced ERP Features Implemented:
To meet its complex business needs, YEM CHIO leveraged several key ERP features:
- Transfer Pricing Configuration: Facilitating inter-company transactions.
- Revenue Recognition: Streamlining financial processes in compliance with IFRS.
- Asset Management and Functional Currency Handling: Enhancing financial control and multi-currency capabilities.
- Multi-Book Structure and Multi-Company Support: Offering scalable solutions across diverse operations.
YEM CHIO’s implementation of ArgoERP reflects its commitment to innovation, operational efficiency, and adherence to international standards, solidifying its position as a leader in the global packaging industry.
Contact us
For a demo, please contact us at Contact Us or for further inquiries:
Phone: 0633253640 or 02-6863000 ext. 3042
Email: support@aresth.co.th