• Cross-boarder system implementation
• Transparency and compliance with Chinese local requirements
• Golden Tax system, Financial Statement reporting, Trail Balance report
• Development of configurable customer programs for Chinese Balance Sheet and Profit and Loss Report
PARAT Group is a plastic specialist that operates globally since 1945 and is an expert in the field of development, manufacturing and processing of plastic trim parts and structural components. With the establishment of a Chinese subsidiary, PARAT decided to rollout the same system used in the headquarter located in Germany in order to ensure consistency and transparency throughout all operational processes. With the help of SYCOR, SAP Financials and interfaces to PSI Penta ERP were successfully implemented and PARAT is now benefitting from a unified system that provides more efficient and faster processes.
The challenge laid in the cross-border rollout to China with the aim of a harmonized global template. SYCOR’s Chinese and English-speaking experts partnered with 4Process, a renowned SAP full-range service provider in the areas of SAP ERP, BI, HCM and cloud solutions who had implemented and is maintaining the SAP system at PARAT Germany, in fulfilling the challenge. “The collaboration with 4Process was very smooth. They were quick, professional and results-oriented in aiding us and providing information regarding the headquarter system necessary for the China implementation,” remarks Zhenqian Gu, SYCOR senior FICO consultant. A step-by-step process plan was put together, considering Chinese finance and accounting standards such as the Golden Tax System, and ultimately a new and coherent customization for Balance Sheet and Profit & Loss reporting was configured and implemented to meet the local legal requirements at the Nantong site in Jiangsu.
Michelle Yu, Finance Manager and Project Lead at PARAT CN states: “We wanted to have the same system quality for our subsidiary in China and therefore looked for the expertise needed in order to fulfill Chinese requirements on accounting and financial standards. SYCOR proved to be an efficient partner that provided high-quality service and strong knowledge about the Chinese market and regulations. Therefore, we now enjoy smoother communication and operation processes with our Chinese branch.”
"We are highly satisfied with the smooth and quick process execution that SYCOR provided us. With the fast rollout to China we now have more transparent insights into the local operational requirements of our Chinese branch. Thus, enabling us to run our business more efficiently."
Bernd Meierl, Project Lead, PARAT Germany / Group
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