transcosmos Vietnam and FPT IS Enhance Financial Management with SAP S/4HANA Cloud Public Edition
FPT IS has successfully deployed the SAP S/4HANA Cloud Public Edition for transcosmos Vietnam, a leading BPO provider, within just 90 days. This implementation has provided the company with a streamlined technology platform offering real-time, accurate data updates and financial accounting reports that comply with both Vietnamese Accounting Standards (VAS) and International Financial Reporting Standards (IFRS).
transcosmos Vietnam is a subsidiary of transcosmos Japan, a leading corporation specializing in business process outsourcing (BPO), digital marketing, e-commerce, and technical solutions. With the goal of expanding its service capabilities not only domestically but also regionally, while meeting the stringent internal management requirements of transcosmos Japan, transcosmos Vietnam has partnered with FPT IS to implement the SAP S/4HANA Cloud Public Edition solution for the Financial Accounting module.
This system enables seamless data integration across various accounting processes, including general ledger, accounts payable, and accounts receivable. It also integrates with the eBanking platform to automate bank payment processes and with the E-Invoice system to streamline electronic invoicing. The solution was implemented within just 90 days, showcasing the efficiency of adopting a Cloud Public ERP model. This approach allows businesses to leverage globally standardized management systems, accelerate value creation, and significantly reduce costs and implementation time compared to traditional ERP systems.
By implementing this platform, transcosmos Vietnam has established a robust and unified financial management system that delivers real-time, highly accurate data. It enables the generation of financial reports compliant with both Vietnamese Accounting Standards (VAS) and International Financial Reporting Standards (IFRS). This advancement is vital for transcosmos Japan to manage financial health consistently across regions, supporting informed and effective business decisions.
FPT IS implemented SAP S/4HANA Cloud Public Edition system for transcosmos in just 90 days
Previously, transcosmos Vietnam faced several challenges in its financial accounting operations. For instance, manual data entry of invoices and documents into the accounting system, along with cross-checking across multiple banking platforms and e-invoice systems, significantly prolonged task completion times.
Ms. Nguyen Thi Kim Ngoc, Chief Accountant at transcosmos Vietnam, highlighted the immediate benefits following the project implementation:“Previously, processing a payment order typically took 3-4 days. With the SAP S/4HANA Cloud Public Edition, our team can now complete the process in just 1-2 days, with transactions automatically recorded. This has boosted the accounting department’s efficiency by up to 50%.”
Ms. Nguyen Thi Kim Ngoc, Chief Accountant at transcosmos Vietnam shared about the purposes of implementing SAP S/4HANA Cloud Public Edition project
Achieving the ambitious goal of implementing the project within 90 days required a transformative mindset and a willingness to overhaul existing processes. Ms. Ngọc highlighted that the leadership team and staff’s readiness to embrace change and adopt international standards was crucial. Equally important was selecting the right solution and technology partner to drive success. In today’s market, there are numerous ERP solutions and system models to choose from. However, transcosmos Vietnam was determined to adopt SAP S/4HANA Cloud Public Edition for several reasons: Firstly, this solution is widely trusted by global enterprises for its ability to enhance internal management efficiency. Secondly, it offers adaptability and can be easily expanded to accommodate various operations and modules as the company evolves. Finally, the cloud infrastructure eliminates the need for significant investment in hardware and technology, allowing the company to optimize implementation and operational costs. This enabled the system to go live within just three months.
Regarding the technology partner, transcosmos Vietnam chose to collaborate with FPT IS, a leading technology provider in Vietnam and the region. With extensive experience in ERP implementation across diverse industries such as manufacturing, finance, banking, and pharmaceuticals, FPT IS provided critical support throughout the process. “During the implementation, FPT IS worked closely with us, offering guidance and crafting an implementation roadmap tailored to align the accounting processes of transcosmos Vietnam with those of the parent company. At the same time, they optimized the functionality of the SAP S/4HANA Cloud Public Edition system” Ms. Ngọc remarked.
The SAP S/4HANA Cloud Public Edition solution enables transcosmos Vietnam to optimize operational costs and shorten the implementation time to just three months
Mr. Than Minh Ngoc, SVP & Deputy Director of Enterprise Sector of FPT IS, shared: “We are honored to partner with transcosmos Vietnam in the implementation of the SAP S/4HANA Cloud Public Edition project. Completing the project in just 90 days is a testament to transcosmos Vietnam’s bold commitment to transformation and a clear demonstration of the superior capabilities of SAP S/4HANA Cloud Public Edition. This leading management platform is favored by enterprises for its flexibility, cost efficiency, and ability to enhance competitiveness through continuous innovation and real-time data utilization.”
In today’s highly competitive business environment, companies prioritize adopting technology to optimize management processes. However, concerns around costs, timelines, and resource requirements often pose challenges. To address these issues, FPT IS has developed tailored technology solutions for various sectors, including manufacturing, finance, and pharmaceuticals. This approach leverages 25 years of experience in implementing ERP systems and IT integration platforms for hundreds of businesses across diverse industries. Looking ahead, Mr. Ngoc affirmed FPT IS’s commitment to supporting businesses in rapidly adopting technology to optimize operations, create competitive advantages, and succeed in today’s demanding marketplace.
Currently, FPT IS is the highest-tier partner of SAP in Vietnam, collaborating to implement management systems for leading enterprises such as Ba Huan, GONSA, Tran Duc Group and Dat Bike. Recently, FPT IS and SAP Vietnam jointly launched a specialized SAP S/4HANA Cloud Public Edition package tailored for three business groups: Services, Trading, and Manufacturing. For each group, FPT IS carefully designs and deploys the most suitable modules, maximizing application efficiency within an optimized timeframe of 3 to 5 months.
