Established in 1983, Opto Tech Corporation is a market leader in the light emitting diode (LED) design and manufacturing industry. The company manufactures a variety of LED chips, displays, and lighting, as well as chips for silicon sensors. It produces more than 4.5 billion LED chips and 1.5 billion silicon sensor chips each month. The company is also committed to researching, developing, and promoting innovative energy-saving products to meet the challenges of climate change.
Opto Tech Corporation upgraded to Oracle E-Business Suite Release 12.1 in January 2012 to strengthen internal controls, improve operational efficiency, and meet International Financial Reporting Standards (IFRS). The company has reduced cost-settlement time from three hours to half an hour and halved its volume of paperwork.
Opto Tech Corporation had been using Oracle E-Business Suite Release 11.5.9 since 2003. At the time, Taiwan had limited local resources to help companies comply with IFRS requirements. The company decided to upgrade to Oracle E-Business Suite Release 12.1 because the software provided full support for IFRS requirements.
“Oracle’s outstanding service team and world-leading product technology—together with the opportunity to leverage Oracle’s practical experience and resources on an international level—were key factors in our decision to choose Oracle products and Oracle Consulting for our upgrade project,” said Lin Tzu-Chun, vice president, Opto Tech Corporation.
Opto Tech Corporation divided the ERP upgrade project into two phases. The first phase ran from March to September 2010, and focused on upgrading and replacing the legacy ERP system.
The second phase, which began at the end of November 2010, focused on reconfiguring the ERP system to comply with IFRS and implementing process improvements. Oracle E-Business Suite Release 12.1 went live on January 3, 2012.
A management consulting company also carried out an analysis to identify opportunities to strengthen and standardize internal controls and auditing. With further help from Oracle Consulting, these needs were incorporated into the ERP system.
“By following standard Oracle best practices, we upgraded to Oracle E-Business Suite Release 12.1, easily and cost-effectively,” said Lin. “We took full advantage of the integrated solution and achieved the changes we needed in our LED, enterprise resource planning processes.”