Stan Group Accelerates Its Business Transformation Journey With New Optimisation Strategy

In partnership with Oracle, Stan Group is implementing new ERP Cloud software to drive financial and management efficiency across business units

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HONG KONG,
CHINA - Media OutReach - December 20, 2018 - Stan Group (Holdings) Limited (“Stan
Group”) has entered into a long-term partnership with Oracle to implement Oracle
Enterprise Resource Planning (ERP) Cloud, in an effort to drive financial
and management efficiency across its business units, in the areas of property
investment and management (SG Properties), hospitality and catering services
(SG Hospitality), telecom and advertising (SG Communication Services), and
social innovation development.

Mr. Steve Darcy, Head of Cloud Applications of Oracle Hong Kong and Taiwan and Mr. Stan Tang, Chairman of Stan Group (Holdings) Limited, attended the signing ceremony for the long-term partnership

 

ERP Cloud from Oracle integrates accounting,
consolidation, planning, procurement, projects, reporting and analytics into
one intelligent financial management system. By implementing Oracle ERP Cloud, Stan Group will be able to operate
with greater levels of workflow efficiency, reporting accuracy and financial
management effectiveness.

 

“We expect Oracle ERP Cloud to propel our business
transformation strategy forward significantly,” said Stan Tang, Chairman of
Stan Group. “With an optimised business structure, the Group can be more
effective in everything we do.”

 

The Group will be deploying Oracle ERP Cloud to enhance overall data integrity. By
pooling all company data into a single database, the software ensures consistency
and measurability, with validation controls to reduce human error in data
capture.

 

Oracle ERP Cloud will also improve the speed and
accuracy of the Group’s reporting capabilities, potentially halving the lead
time for monthly operations reports. In addition, the system captures
statistical data from all company activities, including KPIs, and generates
reports for more effective decision-making.

 

Financial and management reporting
will be more accurate and tailored to company goals, as transaction data is
captured in a structured format, reflecting relevant market segmentations and cost
drivers. Enhanced
data modelling will facilitate more useful analyses for future investment
modelling, aiding management’s decision-making processes. Equipped
with business
intelligence tools, management will be able to respond and implement
corrective actions faster.

 

Stan Group is confident that
introducing Oracle ERP Cloud
will help drive the future expansion of business units across the board. This,
in turn, will support the Group’s value creation offerings, benefitting both
shareholders and the community.

 

ABOUT STAN GROUP
Stan Group
(Holdings) Limited (“Stan Group”) is a family-owned conglomerate with more than
30 respected brands across various industries. The Group’s investment strategy
focuses on five areas of business: property investment and management (SG
Properties), hospitality and catering services (SG Hospitality), telecom and
advertising (SG Communication Services), financial services (SG Financial
Services) and social innovation development (The STILE). With over HK$50
billion in AUM in partnership with Tang Shing-bor’s family business. The group
believes in furthering our reputation as a forward-looking organisation that
strive to change business for good. www.stangroup.com.hk