ITE Tech Inc. Cuts Monthly Account Settlement Time by Two Days, Reduces Data Entry Workload by 95%
 
 

ITE Tech Inc. Cuts Monthly Account Settlement Time by Two Days, Reduces Data Entry Workload by 95%

Founded in 1996, ITE Tech Inc. is a fabless semiconductor company specializing in the design of components for desktop and notebook PCs, digital television, and multimedia devices. The company has a 40% share of the global input/output component market. In 2009, ITE Tech merged with three other companies.

 
 

 
 

Challenges

A word from ITE Tech Inc.

  • “In addition to automating our production management, the comprehensive features in Oracle E-Business Suite Release 12.1.1 will help us improve production planning and provide advanced business intelligence capabilities.” – Eric Yao, Manager, Design Engineering Division, MIS Department, ITE Tech Inc.

  • Replace four disparate enterprise resource planning systems with a single integrated system
  • Ensure the new system could support frequent changes in business management processes and meet complex semiconductor production requirements
  • Collect process information from affiliated manufacturers to better manage production of its 900 semiconductor products, including monthly releases of new or updated products
  • Enable financial, inventory, order, and shop floor data to be easily exchanged between departments
  • Comply with International Financial Reporting Standards

Solutions

  • Implemented modules from Oracle E-Business Suite Release 12.1.1 to build an ERP system that can be easily adapted to meet new International Financial Reporting Standards and changing business and production management requirements
  • Supported coordinated trade in three major centers―Taiwan, Hong Kong, and China―with no system customization needed
  • Cut monthly account settlement time from seven to nine days following the merger, to five to seven days after implementing Oracle E-Business Suite, which facilitated efficient internal and external audits
  • Reduced manual data entry by 95%, allowing shop floor staff to focus on managing product quality and ceasing work with poor performing manufacturers
  • Ensured customer orders entered by the sales team can be viewed by the finance department, eliminating the need to re-enter data and improving accuracy and consistency
  • Enabled the IT department to meet users’ new requirements within two to three days, compared to two to three weeks in the past, due to Oracle’s flexible and configurable functions

Partner