When Poly-Cast Plastics (Suzhou) Co., Ltd. first established its facility in China, it outsourced its financials to a Chinese CPA. But the sub-contracted CPA was only managing the People's Republic of China (PRC) tax law side and not providing any data to Poly-Cast to help it make better business decisions.
Through the use of its ERP and MES software solution, EnterpriseIQ, Poly-Cast brought its financials in-house and now receives business intelligence data in real time, while saving the costs associated with outsourcing its financials and remains up to code with China's strict tax regulations.
Despite cultural differences and a large geographical distance, Poly-Cast demonstrated that through a concentrated effort and investment in training and resources, you can utilize your ERP software to the fullest and take advantage of all that a comprehensive system has to offer. Please click here to read the case study in its entirety and learn more about how Poly-Cast utilized EnterpriseIQ's financial management tools to achieve success.