ICZOOM Group a B2B electronic component products e-commerce platform, announced that the Company has completed an extensive SaaS enhancement of its one-stop components procurement platform to support customer growth.
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ICZOOM’s SaaS enhancement further integrates R&D, operations, financial accounting and intelligent management systems for more efficient and streamlined enterprise workflow transactions. The enhancements also more tightly integrate support of blockchain technology, more robust security protocols and supply chain ERP management cloud platform service. Additionally, the new SaaS enhancement provides more feature-rich automated analytics, reporting, notification options, and intelligent management systems.
ICZOOM’s CEO, Mr. Lei Xia, commented, “We are enabling the digital transformation of a growing number of customers’ component procurement systems. Our leadership and commitment to investing in support of the small and medium-sized microelectronics enterprises we serve are driving ICZOOM’s growth as we help customers to purchase electronic components more conveniently, reduce procurement costs and improve procurement efficiency. At the same time, this is helping us to build and fortify our competitive advantage, which is important to our long-term success as we work to build value for shareholders.”
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ICZOOM Group is primarily engaged in sales of electronic component products to customers in Hong Kong and mainland China through its B2B e-commerce platform. These products are primarily used by China based small and medium-sized enterprises (“SMEs”) in the consumer electronic industry, Internet of Things (“IoT”), automotive electronics and industry control segments. By utilizing latest technologies, the Company’s platform collects, optimizes and presents product offering information from suppliers of all sizes, all transparent and available to its SME customers to compare and select. In addition to the sales of electronic component products, the Company also provides services to customers such as temporary warehousing, logistic and shipping, and customs c********.
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