Ares Forms Thai Subsidiary to Confront Thailand 4.0 and Opportunities of Intelligent Productions and ERP Information Services

Taipei, Taiwan, December 26, 2018 --( Ares International Corp., the only publicly-listed ERP software company in Taiwan, recently formed its Thai subsidiary named ARES International (Thailand) Co. Ltd., with the joint venture of SVOA, a leading Thai IT distributor, to confront Thailand 4.0 as well as to grasp opportunities of intelligent productions and ERP information services.

Frank Lin, president of Ares, mentioned that Thailand is the second largest economy in ASEAN (Association of Southeast Asian Nations) and would be the best suitable place to locate its first international subsidiary to explore international business based on its global indicators, consuming abilities, the potential from emerging markets, and well-developed Thailand 4.0 in recent years. Since ARES International (Thailand) Co., Ltd. works together with the leading Thai IT distributor SOVA group, ArgoERP will be greatly strengthened to be the No.1 ERP brand in ASEAN markets in the foreseeable future.

ArgoERP is based on Oracle infrastructure and could be adjusted with its high flexibility to fit in different requirements of Thai industries. It can resolve problems most sizeable Thai enterprises have met when utilizing ERP systems such as high implementation cost, incomplete localization and cultural variation. Ares currently has successful experiences in ERP implementation for Thai enterprises; therefore, it will more aggressively cultivate production, selling, retail, e-commerce, assembly manufacturing and service industry to help more Thai enterprises optimize their management mechanism and enhance their core competitiveness.

About SVOA group

SVOA Public Company Limited manages diverse products/services, mainly running business including IT distribution, SI, IT services, retail channels, factoring, and leasing. With 16 subsidiaries and more than 2,000 authorized dealers, it is the vendor possessing the most service centers and direct-selling channels in Thailand.

About ArgoERP
Ares is the only listed ERP software company in Taiwan. ArgoERP modules have underlying architecture applied flexibly and built-in standard functions, so it could be adjusted to fit different characteristics of industries, such as traditional, construction, chemistry, production, and service industry, to improve the business process and the efficiency of overall resource utilization in the most economical way. It is applicable to multi-company, multi-factory, multi-currency, multi-profit center and multi-program management and is sufficient to meet the demand of enterprises in the international competition.

To cope with the policy that the domestic listed companies should adopt IFRS (International Financial Reporting Standards) accounting system, Ares has launched its IFRS solution. Being the first government-acknowledged ERP supplier, Ares has accumulated many successful IFRS cases. Elastic solutions, including the complete system replacement and the combination of different general ledger systems or reporting tools, are also provided to save human costs, lift operating speed, reduce errors and adjustment range of the statements in the future. The implementation of IFRS corresponding solution could help enterprises not only decrease the affection of the operation side, but enhance more competitiveness for them to seize opportunities. Ares recently won eleven certificates for IFRS from Taiwan’s Ministry of Commerce of Taiwan government.

About Ares
Ares has provided professional services for over 37 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 top Manufacturing Execution System (MES) maker for LED industry in Taiwan, and the first government-acknowledged IFRS ERP solution provider. Ares is also the top player of the Taiwan foreign exchange, core banking solutions, and is a SWIFT partner, while being the first Oracle partner in Taiwan. Ares eAresBank is acknowledged by international research institution Gartner, and self-developed ciMes becomes the only Taiwan MES solution acknowledged by Gartner. Ares launched ArgoERP in Thailand with Thai leading software company DataOne Asia of SVOA group, aiming to become the number one ERP in ASEAN markets.

Contact Person: Carrie Yu
Tel: 886-2-2522-1351 ext. 381
(ARES, ArgoERP are registered trademarks to Ares International Corp. Other names and trademarks belong to headquarters and branches.)

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