On September 8, Fujian EastWest Lifewit Technology Co.,LTD (hereinafter referred to as “Lifewit technology”) and acloudear shared network successfully held the sap cloud ERP project launch celebration at Lifewit technology’s Fuzhou headquarters.
Mr. Wu Jian, Mr. long Shuanglin, Mr. Chen Shengqiang, Mr. Li Yanbing and Ms. Huang Xiumin of Lifewit technology, Mr. Wang Qi, Mr. LV Siwei and Mr. Yang Tongyong, the principals of acloudear’s sharing network project, and the project team members of both sides attended the celebration meeting, witnessing and celebrating this milestone important moment together!
At the meeting, President Wu of Lifewit technology delivered a speech, saying that digital transformation is an important part of loewell technology’s development strategic planning, congratulating the successful launch of SAP cloud ERP project, and highly recognizing the hard work of acloudear’s shared network team participating in the implementation of the project.
“The sap project exceeded expectations. With the strong base of SAP cloud ERP and the continuous optimization of its own LBP process, our team has become more sensitive, more accurate in insight, more satisfied with our customers, and further realized the commercial success of Lifewit technology. We firmly believe that everything is possible with the belief of the team!”—— Mr. Wu, general manager of Lifewit Technology
Wang Qi, head of acloudear’s sharing network project, also delivered a speech, saying that the successful launch of Lifewit technology project is the crystallization of the collective wisdom of the two teams, creating a flexible and easy-to-use front office and a solid back office for SAP, which conforms to the unique process of cross-border e-commerce and lays the foundation for the next step of Lifewit technology’s rapid development.
Acloudear shared network won the title of “best partner”
The sap cloud ERP project of Lifewit technology was launched on November 15, 2021, from project preparation, demand research, blueprint design, solution implementation, online preparation to official online on July 11, 2022.
The project lasted more than 8 months, with a total of 650 meetings and 8800 hours. 130 development projects and 160 LBP development projects were completed. Acloudear’s sharing network implementation team, with its rich implementation service experience, has ensured that the project is launched on schedule according to quality!
Lifewit technology is an enterprise focusing on creating a global innovative home scene brand. Since its establishment in 2015, it has been focusing on cross-border e-commerce. It not only has its own B2C brand mall, but also has settled in and operated many mainstream e-commerce platforms around the world, such as Amazon. The sales market now covers hundreds of countries around the world and serves tens of millions of global customers.
With the expansion of overseas business and the imminent IPO, the original information system can hardly support the efficient operation of the group’s overall business. Through communication and investigation, the following prominent problems were found:
●business and financial data are separated, and information islands exist
●logistics information lags behind, customs duties, freight, overseas storage fees, Amazon related expenses are not clear, and cost accounting is difficult
●business departments can’t provide accurate data, and it’s difficult to issue management reports and SKU profit statements, which rely on manual processing and are inefficient
In order to solve the bottleneck restricting development, reshape business processes, strengthen the group’s global control, and accelerate IPO, it is necessary to re plan, integrate and deploy the information system. Based on the full investigation of Lifewit technology and the understanding of the cross-border e-commerce industry, the enterprise digital strategic service provider and SAP platinum partner acloudear shared network helped it choose SAP cloud solutions, plan the blueprint for digital construction, take ERP as the core, make overall planning and implement step by step, which was recognized by the leaders of Lifewit technology.
The sap cloud ERP solution of Lifewit technology takes rise with SAP s / 4hana cloud as the core management platform, focusing on three major aspects: integration of industry and finance, automatic processing of expenses and costs, and application integration of multiple systems. The implementation scope involves SD / mm / FICO / ECCS modules.
Relying on SAP’s integrated system architecture of industry and finance, it forms an overall framework system in which LBP is responsible for operation, BPM is responsible for approval, sap is responsible for processing documents, inventory, accounting, reports and semi-finished products, and LDP is responsible for report analysis and display, so as to realize the automatic integration of logistics, capital flow and information flow, and the integration and coordination of business and finance.
●build a unified and multi organizational framework platform for 7 companies in Fujian east west, Fuzhou east west, Hong Kong East West, America East West, Britain East West, Germany East West and Japan East West;
●sto scheme is adopted to meet the complex scenario of connected transactions among multiple companies in Fujian east west Fuzhou East West Hong Kong East West overseas; The inter company transaction sales invoice adopts the job method to realize automatic invoicing. The IDoc function is enabled to realize automatic verification of purchase invoice; Enable pod function to meet the complex business scenarios of domestic goods transfer, customs declaration, departure, customs clearance and overseas goods transfer;
●the estimation and reality of customs duties and freight rely on the delivery notes from east to West in Hong Kong to realize the correlation between costs and logistics, and the granularity is refined to SKU; The carry forward cost of customs duties and freight charges can be carried forward in a real and efficient manner through the automation platform;
●use fbaid to realize the transfer and warehousing of Amazon inventory; Combine SAP inventory counting function to adjust Amazon inventory; Make use of multiple Amazon reports, such as order and transaction, and combine SAP consignment function to realize sales delivery of Amazon inventory;
●realize multi-dimensional SKU profitability analysis of sales channels, regions, accounts and sites through SAP integrated voucher, group cost, profitability segment and other functions; Realize the automatic allocation of platform fees, off-site promotion fees, brand promotion fees, FBA removal fees and overseas storage fees from the sku level;
●through the sap BTP platform, automatic integration of multiple business documents such as purchase order, purchase receipt, sales order, sales issue, inter company transaction, expense reimbursement, inventory query, etc. can be realized.
Through the successful implementation of the sap cloud ERP project, acloudear shared the network to help Lifewit create a refined unified accounting and analysis management platform for Industry and finance integration, establish a comprehensive management and control system and decision analysis system under a multi organizational structure, and help Lifewit to unify industry and finance and operate efficiently.
The successful launch of SAP cloud ERP project of Lifewit technology has laid a solid digital foundation for Lifewit technology’s globalization strategy, further demonstrated the expansibility and flexibility of SAP cloud solution in the field of cross-border e-commerce, and set another benchmark for cross-border e-commerce enterprises in digital transformation and smart going abroad.
In the future, acloudear will continue to support and facilitate the digital transformation needs of Lifewit technology in the globalization strategy.
This article "Acloudear and Lifewit successfully launched SAP cloud ERP project" by AcloudEAR. We focus on business applications such as cloud ERP.
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