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2012-12-19Ares wins IFRS government certificates

Ares International Corp., the only publicly-listed ERP company in Taiwan, has wins certificates for IFRS (International Financial Reporting Standards) from the Taiwan government.

The IFRS services offered by Ares have received 11 certificates from Taiwan’s Ministry of Commerce.

Ares is active in promoting IFRS applications in Taiwan and has developed IFRS-related system functions and modules starting in 2007. Ares IFRS solution, ArgoERP IFRS, cater to different needs of the enterprise when converting from GAAP (Generally Accepted Accounting Principles) to IFRS, which should be done before the first quarter of 2013 for publicly-listed companies in Taiwan.

Ares received a government-sponsored IFRS project approval in 2010 and helped introducing ArgoERP IFRS for YemChio Group, the largest duct-tape company in Taiwan. Ares successfully helped YemChio in converting its financial reports into IFRS-accepted ones and was the first to be government sponsored and certified in ERP IFRS solution.

Frank Lin, president of Ares, noted the certificates illustrate the ability of Ares in software design and service as well as R&D and project execution power. The IFRS solution from Ares is the first choice of enterprises in Taiwan, as it has gained proof from YemChio and has various other best practices in different industries.

Ares ArgoERP IFRS solution can meets need of industries such as manufacturing, construction, distribution and service while supports various general ledger systems.

Introduction of ArgoERP

ArgoERP provides global mainstream innovative technology, limitless information integration, complete and advanced system functions as well as a user-friendly interface. Therefore, ArgoERP can meet the needs of the multi-business and multi-product operational strategies of the enterprise, serving customers from various industries including construction, architecture, chemical engineering and service. Major customers include Advanced Optoelectronic Technology (AOT), Inc., Amkor Technology, Inc., AOpen Inc., Caremed Supply, Inc., China Engine Corporation, China Ryoden Co., Ltd, and DaimlerChrysler AG. Taiwan, Famtech Inc., HannStar Display and Hitachi Taiwan.

Ares International Corp. is the first Taiwan-based ERP provider to receive acknowledgement from the Taiwan government for Taiwan' adoption of International Financial Reporting Standards (IFRS) with ArgoERP.

For more information about ArgoERP IFRS solution: http://argoerp.ares.com.tw/en/i.php

Introduction of Ares

Ares International Corp. is the first Taiwan-based software company to be listed on the Taiwan Stock Exchange (TSE). Established for over 30 years, Ares is a professional management information system software provider, with professional areas in product technical R&D and system integration. Ares provides products as well as total solutions for e-business, with major service fields mainly for the financial, government and enterprise segments. Ares has received CMMI L3 certification, has outstanding project integration ability, quality guarantee ability, development and maintenance ability and a professional consultancy team.

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