ECHEMI Successfully Implements Oracle NetSuite Cloud ERP, Driving Digital Transformation in the Chemical Industry

Qingdao, October 20th, 2023: ECHEMI Qingdao successfully held the ECHEMI Oracle NetSuite Cloud ERP Go-Live Event, marking a significant milestone in ECHEMI's successful digital transformation. This project aims to drive comprehensive digitization at ECHEMI, enhancing operational efficiency and market competitiveness.

At 10 AM, the Go-Live celebration event commenced with the theme "Igniting Transformation with Digital Engine" , showcasing the pivotal role of digital transformation in business development. Distinguished guests included ECHEMI CEO, Zhang Yulin, Oracle NetSuite General Manager for Greater China, He Yi, Hitpoint VP of Consulting and Delivery, Ding Xiaochuang, and Project Manager, Jia Zhongbin.

During the meeting, ECHEMI presented the overall project objectives, including information process integration, management capability enhancement, and future application extension. Firstly, by integrating various business processes and breaking down departmental silos, ECHEMI aims to achieve integrated platform operations for financial and business functionalities, thereby improving operational efficiency. Secondly, leveraging NetSuite's leading practices, ECHEMI plans to establish a management system guided by ERP principles, driving business process transformation. Lastly, utilizing the versatility and openness of the NetSuite platform, ECHEMI seeks to support diversified business growth and meet future business adjustment needs.

Over the past year, ECHEMI has achieved significant milestones in its phased outcomes. It has accomplished unified and centralized management of master data, streamlined sales processes, and established end-to-end sales management flows. Additionally, automated transfer of ownership has been implemented at corresponding business nodes based on trade terms, enabling seamless automation of intercompany transactions. Furthermore, business reminders for different roles have been generated based on process requirements, enhancing work efficiency. The goal of achieving the integration of business and finance has been realized through real-time report statistics and analysis.

During the keynote speech, Zhang Yulin emphasized ECHEMI's vision, mission, product advantages, services, and platform innovation. He expressed ECHEMI's commitment to becoming the "Amazon" of the chemical industry, providing customers with superior products and services through optimized global chemical resources.

Moreover, He Yi highlighted the importance of digitalization in ECHEMI's transformation and breakthroughs. He mentioned that ECHEMI is leveraging the power of the internet and digital technologies to drive business, accommodating more SKUs and reaching customers through faster, more efficient, and cost-effective means. He also introduced Oracle's continuous innovation in technology, providing support for customers' global development.

During the interview and open discussion session, participants discussed ECHEMI's global expansion. They emphasized the significance of digital transformation in achieving efficient integration of global resources and explored opportunities and challenges for future development.

ECHEMI's digital transformation project has achieved remarkable results, providing strong support for the company's operational efficiency and market competitiveness. Through information process integration, management capability enhancement, and future application extension, ECHEMI has made significant progress in digital transformation. ECHEMI will continue to leverage digital technologies and internet platforms to enhance business efficiency, expand global development, and provide customers with high-quality chemical products and services.

About ECHEMI:

ECHEMI is a global chemical supply chain service platform, focusing on chemical raw material supply, research analysis, marketing, distribution, logistics, e-commerce, and after-sales services. As a leading digital B2B foreign trade platform in the chemical industry, ECHEMI serves over 20,000 suppliers and more than 100,000 buyers worldwide through its website www.echemi.com.

ECHEMI provides prices and market analysis for over 500 raw materials in the fields of coatings, fine chemicals, food and nutrition, and pharmaceuticals in Asia on a weekly basis. Additionally, the company has established overseas warehouses in Europe and a warehousing network in China, achieving visualized logistics for procurement, sales, and storage.

As a service provider in the chemical supply chain, ECHEMI offers comprehensive and effective solutions from raw material selection, procurement, transportation, customs clearance to product application and marketing channels. The company is dedicated to building a digital global chemical ecosystem, providing customers with comprehensive technical support and after-sales services.

With a rigorous business model and professional service level, ECHEMI has established a good reputation in the chemical industry. By providing suppliers and buyers with a high-quality platform and resources, ECHEMI is committed to promoting digital transformation and globalization in the chemical industry, creating more business opportunities and growth space for customers.

About Oracle NetSuite Cloud ERP:

Oracle NetSuite Cloud ERP is a comprehensive enterprise resource planning (ERP) solution that offers functionalities such as financial management, supply chain management, procurement, sales, and customer relationship management. It is a cloud-based platform known for its flexibility and scalability, helping businesses improve operational efficiency, achieve digital transformation, and support sustainable business growth.