Management Solution for Foreign-Invested (FDI) Enterprises
Foreign-invested (FDI) enterprises typically have complex governance structures, requiring tight control over finances, cash flow, exchange rates, and operations between units. Connecting data and unifying management processes is a critical challenge for an enterprise to operate efficiently and transparently. ...
FDI enterprises usually involve foreign investors, a multi-tier management model, and transactions that may arise in multiple currencies. Alongside managing operations in Vietnam, an enterprise also needs a unified data system to serve internal management and reporting to its parent company or group.
SIS ERP is a comprehensive management solution that connects an enterprise's internal operations on a single, centralized, and scientific system. It supports managing finance-accounting, purchasing and sales, warehouse, HR, assets, enterprise planning, tasks, and company consolidation.
In particular, SIS ERP supports multi-currency transactions and reporting, exchange-rate management, and automatic handling of exchange-rate differences, while also supporting a Vietnamese/English interface, suited to a working environment involving foreign staff and managers.
Managing an enterprise with multiple units
An FDI enterprise may be organized as a company, branches, offices, or several affiliated units. When data is scattered, aggregating and controlling activity across the whole system becomes difficult.
Managing multi-currency transactions
An enterprise's transactions may arise in multiple currencies. Updating exchange rates, converting currencies, and tracking exchange-rate differences must be tightly and consistently controlled to ensure data accuracy.
Connecting data with the parent company
Management needs full data on revenue, costs, cash flow, and operations to run the business and report upward. Data from multiple units must be aggregated quickly and accurately.
Tight governance decentralization
A multi-tier enterprise model requires that data access and operational permissions be controlled by user, department, and role.
Differences in language and management style
A working environment with both Vietnamese and foreign staff requires a system that is convenient for many different user groups while keeping management information unified.
Large volume of management data
As an enterprise grows in scale, the number of transactions and managed units increases, and compiling reports manually takes a lot of time and struggles to keep up with fast-moving operational demands.
Centralized governance across the whole enterprise
SIS ERP connects the company, subsidiaries, branches, offices, and stores on a single system as a whole. Data from all units is aggregated centrally, helping management quickly grasp the state of operations.
Comprehensive finance-accounting management
The system supports accounting operations for cash, purchasing, sales, warehouse, assets, cost of goods, tax, payroll, and general accounting. The modules are linked according to the workflow, letting information be exchanged automatically between departments.
Multi-currency and exchange-rate management
SIS ERP supports recording multi-currency transactions and reports, choosing the exchange-rate calculation method for the books, updating exchange rates at the time of recording, and automatically posting foreign-exchange differences.
This is one of the capabilities well suited to the specific financial-management needs of a foreign-invested enterprise.
Consolidating data across multiple units
The system supports connecting the whole organization and instantly aggregating figures from units within the system, helping control data quickly and supporting timely management decisions.
Detailed permission decentralization
SIS ERP allows assigning permissions down to each menu, window, data field, and operation. An enterprise can set up view, create, edit, delete, print, or approve rights for each individual user.
Supporting a Vietnamese – English working environment
The SIS ERP interface can be set to Vietnamese or English, while also allowing each user to configure their own personal workspace. This makes the system better suited to an enterprise with a multinational management and staff team.
Management reporting and alerts
SIS ERP provides both standard and management reports to serve the board of directors, along with an alert system for transactions, documents, invoices, data thresholds, and other indicators as required by the enterprise.
Centralized management data
Data from departments, branches, and units is connected on the same system, reducing scattered data and supporting unified management.
Better control of finances and cash flow
Finance-accounting operations are linked together, combined with multi-currency and exchange-rate management capability, helping an enterprise track its financial position more clearly.
Shorter time to compile reports
Data from units is aggregated quickly, supporting the creation of management reports and providing timely information for the board of directors. SIS ERP also supports multi-dimensional reporting and drilling down from aggregated figures to detailed vouchers.
Greater control and security
Detailed permission decentralization helps an enterprise control users, data, and operations by role, limiting access or actions outside an assigned scope.
Effective connection between the company and its units
The consolidated model helps an enterprise track the activity of multiple companies, branches, and units on one platform, instead of manually aggregating data from many different sources.
Supporting governance in a multinational environment
Multi-currency capability, a Vietnamese/English interface, permission decentralization, and data consolidation help SIS ERP better meet the governance needs of enterprises with a foreign element. This is also a set of requirements that SIS Vietnam has identified through foreign-invested joint-venture projects, where multinational enterprises and groups have high standards for compliance and integration.
Flexible to fit the enterprise model
SIS ERP can be scaled and customized to actual governance requirements, suiting FDI enterprises of different sizes, organizational structures, and management processes. The system can connect modules according to the workflow, where the output of one department becomes the input for another.
