As it expanded internationally, Fan Ya Tai Asset Management (International) Ltd. need to introduce world-class business methodologies in-house. SAP Business One has helped Fan Ya Tai become globally competitive, with integrated, streamlined workflows.

To Fan Ya Tai Assei Management (International) Ltd., which offers world-class professional asset management and asset management project services, reliable and highly functional enterprise management software is of paramount importance.

Fan Ya Tai is focusing on developing its business in Southern China, and counts many famous international investment organizations as its overseas clients. The company, which has dual headquarters in Hong Kong and Guangzhou and offices in Tianjin, Xiamen, Haikou, Zhanjiang and Maoming, wanted to complement the systematic expansion of its international business with the automation and standardisation of the asset management process.

While Fan Ya Tai had an existing system, it did not feature a unified platform for inter-departmental communications. In addition, Fan Ya Tai was using Excel spreadsheets, which lacked accurate comprehensive cost calculation, profit-onsale, and financial analysis functions.

Outstanding Functionality from SAP

Fan Ya Tai approached the search for enterprise management software suitable for small and midsize business very seriously. It compared and analysed a wide range of offerings from local and international vendors. Fan Ya Tai had encountered the SAP enterprise solution at its former parent company, and had been highly impressed with SAP functionality. The company finally decided on SAP Business One when it found it to be the only solution able to satisfy their requirements.

“We needed an enterprise management software suite that is both highly flexible and easily integrated. SAP Business One outperformed the solutions from other providers,” explained Fan Ya Tai’s Chief Financial Officer, Mr. Channel Lin.

“While choosing and using appropriate software, the brand image and degree of acceptance of a supplier throughout the industry are extremely important, because it affects the view clients have of Fan Ya Tai and the confidence they have in our service quality. The brand image and product quality of SAP Business One are both exceptional, and gives our clients a feeling of confidence and security,” he adds.
 
Extremely Fast Implementation

Fan Ya Tai’s SAP Partner gave exemplary services, says Lin, resulting in SAP Business One being implemented in just two months. “Compass Business Solutions Limited gave us professional, conscientious service and considered opinions, and was able to make enhancements and provide support with our requirements in mind,” says Mr. Lin.

Although Fan Ya Tai has only worked with SAP Business One for a short period, the company is running more smoothly, more quickly, and more effortlessly than before. The comprehensive financial management system, range of currencies supported, inter-bank coordination and financial budgeting features in SAP Business One have helped the enterprise improve operating efficiency and productivity.

“Seamless integration of SAP Business One with the company’s operating system allows clients to monitor the status of every asset in real time and further improves the competitiveness of the company,” Mr. Lin says.

Fan Ya Tai is especially happy with the scalability that SAP Business One has enabled, in addition to its enabling of increased company transparency and better compliance with good corporate governance requirement.

The XL Reporting System in SAP Business One has been fully integrated with Fan Ya Tai’s own simple, proprietary accounting system, which supports as mane as 20 nonstandard formats and individually-defined reports used to track capital flow. “The XL Reporter interface is borh simple and easy to use, and its drag-and-drop scheduled reporting and other functions are able to display the latest, most comprehensive and accurate data in real-time using the Excel reporting and graphical formats,” says Mr. Lin. “It can also output reports and completely integrate data at fixed intervals, and makes company business operations clear at a glance.”

Industry Respect Gained

Thanks to SAP Business One, Fan Ya Tai has improved business process efficiency and developed numerous business opportunities. Fan Ya Tai firmly believes that the professional features and fully-fledged functionality provided by SAP Business One have improved the company’s image, and strengthened collaboration between employees, partners, suppliers, and clients — a win situation in all ways.