News article

IT service company Schmidt uses ArgoERP to strengthen competitiveness.

Cutting-edge services with "high-tech power" and "innovative thinking"

Schmidt Scientific, an IT service company, was established in 1981 in Taipei, Taiwan and specializes in manufacturing, testing equipment, consumable or raw materials for the electronics and energy industries as well as medical equipment, consumable products and software for hospitals. The company incorporates "high-tech power" and "innovative thinking" into services and provides original manufacturer and customers in sales, services, applications and marketing services.

Schmidt expects to become the best Chinese distribution channel partners among the vision to create Asia distribution channel, in addition to its existing regional bases: Taipei, Hsinchu, Taichung, Kaohsiung, Shanghai, Shenzhen and Beijing. The company strives to expand to the Northeast and Southeast Asian markets by increasing its regional bases and bringing its successful experiences to other Asian countries.

Seeking high performance of new system for IFRS

Schmidt has used another ERP system for many years. With international accounting standards (IFRS) Act changes, the company began to seek a different ERP product that can solve problems of its original system and reduce maintenance and operation costs.

ArgoERP reduces costs, increases productivity, making product-tracking more immediate

Schmidt said that high-tech industry needs to track every batch number of merchandise on a real-time basis. Therefore, using batch management system is indispensable; ArgoERP allows daily settlement cost operations. When a stock transaction occurs, inventory costs can be calculated immediately.

ArgoERP also offers a variety of financial statements for business strategy analysis, as well as other departments and business profit, cost sharing, as well as profit and loss analysis, saving manual calculation efforts. ArgoERP can be applied to multi-trade operations and reduces the frequency of re-entering sales orders, purchase orders, inventory data operating time.

Consolidated financial statement improves business processes effectively

ArgoERP follows IFRS financial statements by user needs while output in line with ROC GAAP and IFRS norms of the financial statements and consolidated statements to reduce the burden of preparing statements and the conversion among specification differences.

ArgoERP is applicable to multi-company, multi-plant, multi-currency, multi-profit center and multi-project management to meet international competition needs. Meanwhile, the system can improve business processes with minimal costs.

Introduction to 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, 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's adoption of IFRS with ArgoERP.

For more information about ArgoERP IFRS solution:

Introduction to Ares

Ares has provided professional services for over 30 years and is the first Taiwan-based software company to be listed on the Taiwan Stock Exchange (TSE). Ares is a professional manufacturing management information system provider, with the largest share in the MES industry of Taiwan, the first government-acknowledged IFRS ERP solution provider. Ares is also the top player of the Taiwan foreign exchange and core banking solution company and SWIFT partner, while being the first Oracle partner in Taiwan.