FPT aims to support local manufacturing companies in expansion and business deve

Yangoon, August 26, 2015 – FPT announced that nearly 100 experts from FPT, SAP, ACE Data System and various Myanmar enterprises will gather today at a conference to discuss the benefits and value of the SAP® Business All-in-One solution.Entitled “SAP Business All-in-One Software for Manufacturing Companies,” the conference focuses on how this integrated business management software for growing midsize businesses can help improve the competitive capabilities of local manufacturing companies and support their business development. Topics touching upon these and other best practices around utilization of this enterprise resource management (ERP) software will be discussed at the conferencebeing held August 26 at the Novotel Hotel in Yangoon.

Best-practice discussion around regional and global customer implementationsof ERP software will be presented by bothFPT and SAP, with suggested solutions and product roadmaps to help Myanmar manufacturing enterprises improve their competitiveness and optimize their resource management. Detailed case studies ofimplementations of SAP Business All-in-One forMyanmar manufacturing companies will also be examined, to derive insights from these customers’ challenges and lessons learned.

According to World Bank figures, Myanmar’s economic growth rate is expected to reach 8.2% in 2016 and 8% in 2017. With its open-door policy, Myanmar has attracted increased investment from foreign enterprises, with foreign direct investment capital to the country reaching US$3.676 billion dollars in the first half of the 2015 fiscal year. The presence of foreign enterprises in Myanmar has motivated domestic enterprises, especially in the manufacturing sector, to improve their competitiveness and optimize their resource management.

Today’s competitive market have forced enterprises to choose the most competitive software to help manage their business processes,in order to improve their business efficiency andachieve optimalgrowth rates and integration. SAP Business All-in-One has been touted as a highly suitable choice, as SAP is the marketleaderin enterprise application software worldwide, offering customized-solutions for 25 industries, including manufacturing.

The SAP Business All-in-One solution offers components coveringfinancial accounting, material management, production, sales and distribution,service management, project systems, planning and reporting tools, customer management as well as personnel management. Managers and investors areprovided with transparent information to better support their decision making.This fixed-scope,scalable ERP software isconsumption-ready for fast adoption, and can help customers achieve centralized control over their finance and operations quickly. This solution also helps with a low total cost of ownership with automated tools and preconfigured functionality, future-proofing much-needed IT investments by integrating industry-specific solutions as the business grows.

Since the beginning of 2015, a number ofleadingcompanies in Myanmar, such as United Paints Group (UPG) have started to implementSAP Business All-in-One to improve management capabilities and offer real-time data and reporting systems to management.

FPT Myanmar Chairman, Mr. Duong Dung Trieu, said that since its official establishment in 2013, FPT Myanmar has placed a strong focus on ERP with the desire toaccompany local enterprises on the journey to economic development and competitiveness improvement, not only in domestic but also in foreign markets.

“FPT has extensive experience in implementing solutions for customers inside and outside Vietnam to manage their accounting,finance, human resources and production. We strongly believe that SAP Business All-in-One will benefit organizations in Myanmar, a country sharing a lot of similarities with Vietnam in terms of economy and society. SAP Business All-in-One can help companies in Myanmar to enhance their competitiveness and management efficiency,” said Mr. Duong Dung Trieu.

Since 2013, FPT has regularly held seminars on ERP to support local enterprisesin improving their competitiveness and optimizing their resource management.

Managing Director of SAP Indo-China, Liher Urbizu Sierra, commented, “SAP Business All-in-One offerings are our key industry-specific solutions for fast-growing small and midsize enterprises, or SMEs. They support integrated processes that cover the complete business lifecycle, both on premise and in a private cloud. SMEs today need support in improving their financial management, maintaining operational excellence and enhancing their competitive agility, which can be delivered by SAP Business All-in-One.”

He continued, “This can help SME customers manage well in times of economic uncertainty and provides a solid foundation for growth, enabling complete confidence in their investment. We are happy to continue this strong partnership with FPT to deliver even more value to our customers in Myanmar.”

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About  FPT Corporation

            FPT is a global information technology and telecommunication corporation with over 24,000 employees and a network covering 19 countries. FPT currently employs more than 500 experts with in-depth experience in ERP.  SAP Business All-in-One solution is a highlight in our portfolio of solutionsfor enterprises.

 

About  FPT  Myanmar

Myanmar is one of the main target marketsaccording toFPT’s globalization strategy. Since its official establishment in 2013, FPT Myanmar has placed a strong focus on business fields such as system integration, telecommunications, IT training and ERP, and has won a number of major contracts, including the BTS project for ITAH Corporation and UPG.

In addition, FPT has been continuously expanding its active computerization consultancy for government associations and leading enterprises in Myanmar, and has establishedpartnerships with these organizations, helping to stimulate the development of the software industry in Myanmar and create more jobs in the country.

In January 2015, FPT officially launched the project to implement an ERP system for United Paints Group (UPG) – the leading paint manufacturer in Myanmar. The contract marked the first time a Myanmar enterprise applied the SAP Business All-in-One solution.SAP Business All-in-One will be deployed at UPG headquarters, its factory, five subsidiaries in Myanmar and one membercompany in Singapore, upgrading the current management systems of UPG to match its modern production infrastructure.

In April 2015, FPT established software development centers in Myanmar. Most recently, FPT has been granted an official license to provide Internet services by Myanmar’s Government. This has demonstrated FPT’s long-term commitment to invest in Myanmar and to support customers and develop technological solutions alongside the growth of Myanmar companies.

 

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Media Contact:
Eugene Ho, +65 66646239, [email protected], SGT

Audrey Pereira – Loong, +65 66644498, [email protected], SGT

Ms Phyu Thin  Hsu, +95 9 431 90115, [email protected], Myanmar