FPT IS operates the first ERP project in Laos
After 18 months of implementation, the project of Supply, Installation, Operation and Support of Financial Management Information System (FMIS) implemented by FPT IS for Laos Electricity Corporation (Electricité du Laos - EDL) officially put into operation.
After 18 months of implementation, the project of Supply, Installation, Operation and Support of Financial Management Information System (FMIS) implemented by FPT IS for Laos Electricity Corporation (Electricité du Laos - EDL) officially put into operation. The project will enable EDL to change from the APIS system, Inventory and Fixed Assets of the old system to a new and more centralized system, from which accurate, reliable information can be obtained to make timely decisions.
Mr. Phan Thanh Tung, General Director of FPT IS Manufacturing speaks at the ceremony
This is the first Enterprise Resource Planning (ERP) project in Laos. Although FPT IS has encountered many difficulties during its deployment, such as differences in operations among customer units, complicated deployment solutions, language and culture differences, complexity and scale of the project, but FPT IS has completed at the deadline.
At the ceremony, Mr. Bounma Manivong, Deputy General Director of EDL appreciated the efforts of EDL and FPT and affirmed that this is a milestone marking the success of the project. "After 2 times that EDL has implemented its own financial management solution but not fully.With the results from FMIS implemented by FPT IS, the project will be successful." Bounma Manivong emphasized.
The Financial Management Information System will provide the most important financial accounting core for EDL, serving 302 end-users, at 23 sites in 18 localities in Laos. After the project is completed, FMIS will be operated to replace EDL's non-centralized and asynchronous data systems. The FMIS system enhances EDL's financial management capabilities through the standardization of financial reporting systems; to shorten the closing period; providing reliable, fast data, serving EDL Board of Directors to make timely business decisions; solving major issues that EDL's current financial system does not meet.
Deploying for EDL is the first ERP project of FPT IS in Laos and is the fifth ERP project of FPT IS to be operated in foreign markets after the Cambodia FMIS, GTCL and EGCBt in Bangladesh, UPG Myanmar. The project is worth approximately USD 4 million, contributing to increase the turnover of the overseas ERP projects of FPT IS to nearly USD 25 million, confirming the capability of the unit in the ERP field not only in Vietnam but also in the international market.