Digiworld digitally transforms overall management with SAP S/4HANA Cloud & IFRS

Recently, Digiworld and Citek officially signed and launched a total management digital transformation project with SAP S/4HANA Private Cloud solution and apply according to IFRS international financial reporting standards.

Since the 2000s, Digiworld has paid attention to building a solid management foundation and successfully applying SAP ERP with international management practices and standards for effective management and sustainable development. Currently, in the context of a downward trend in the market, Digiworld is focusing on investing heavily in upgrading the ERP management system to meet the multi-industry distribution and replication strategy by signing a contract with Citek. Deploying the SAP S/4HANA project, in parallel converting and applying IFRS international financial reporting standards. The system is consulted and deployed for 6 months and officially operates on January 1, 2024.

When the market is difficult, Digiworld's people and systems operate at 200% capacity: 100% for business and another 100% for upgrading, developing systems, infrastructure and team training. When the market "hibernates", the Digiworld team is hot because the entire team focuses on training programs, team development and management system development according to international management standards.

Ms. Dang Kien Phuong, General Director of Digiworld said: "During 25 years of development, Digiworld has always been steadfast with the development strategy 3C: people, facilities, opportunities. A transparent management system and efficiency are elements of the C – Facilities in 3C. The key to investing in the facility is that in 2010, Digiworld successfully applied and operated the SAP Business One management system. After 13 years of using the system SAP with many different versions, SAP has accompanied the development of Digiworld."

Ms. Dang Kien Phuong, CEO of Digiworld, spoke about Digiworld's development strategy and improvement of management capacity.

"Today, with the commitment between Digiworld and Citek, we once again affirm that we always look to the future, always set expectations to standardize operations, and bring higher management standards to Digiworld. The popularity of SAP, Citek's commitment to always bring efficiency will bring successful cooperation to the overall digital transformation project of corporate governance, sustainable and long-term benefits for Digiworld and Citek." Digiworld CEO, Ms. Dang Kien Phuong added.

Digiworld Corporation is a leading company in Vietnam with the mission of building markets, distributing prestigious products and services in the world closer to Vietnamese consumers through a chain of Market Expantion Service - MES.

Digiworld distributes more than 30 famous brands around the world.

Established in 1997, after more than a quarter of a century of development, Digiworld has always been a reliable partner distributing more than 30 famous brands around the world, using the power of MES to build comprehensive strategic solutions to promote business development of products or brands in new markets.

The new generation SAP S/4HANA system and modern management will meet the expansion and growth of Digiworld's scale and distribution industry, connecting the overall supply chain from manufacturers to distribution channels and customers. consume quickly, transparently, effectively with many experiences while still ensuring strict management, reducing risks, and committing to high business efficiency.

Digiworld expands new product line: Fast-moving consumer goods (FMCG).

"Upgrading the management system with SAP S/4HANA solution and applying IFRS standards is an important step to help Digiworld grow stronger, especially expanding new product lines, developing member units, ensuring effective management and sustainable development. Citek is committed to bringing the project to results on schedule, with the right quality, officially operating SAP S/4HANA and solutions in the ecosystem to help with digital transformation. Digiworld on January 1, 2024". Mr. Nguyen Cong Tan, General Director of Citek said.

Attending the signing ceremony, Mr. Aaron Ang, Vice President and Sales Director of Mid-Market SAP Southeast Asia said: "SAP S/4HANA Cloud and SAP's solution portfolio create a foundation for businesses to drive innovation and ensure sustainable growth in a competitive world. Companies that invest in SAP are not just investing in a piece of software, they are investing in a piece of legacy that will continue to develop with businesses in the future. As a business that has operated SAP for a long time, now accompanying partner Citek and upgrading to the new system SAP S/4HANA Private Cloud, Digiworld will soon apply management standards that the most advanced technology in the world, bringing more value to stakeholders and pioneering in affirming its position."

Representatives of Digiworld, SAP, Citek and the project board committed to bringing the project to the finish line.

Citek is known as a business that consults and deploys many sets of comprehensive digital transformation solutions: ERP (SAP & Oracle NetSuite), Salesforce CRM solutions, MES solutions, Data Warehouse, Data Collection, IBP, Business Planning, Business Intelligence, Mobility App... - integrated with other platforms and solutions such as DMS, HCM, Delivery, E-commerce,... Citek has gained the trust of 100+ prestigious domestic and foreign customers for Consulting and implementing overall management solutions in administration and operations: Hoa Phat Dung Quat, Gelex Electric, Cadivi, VAS Group, Eurowindow, Loc Troi Group, Vicostone, An Cuong Wood, Uniben, Honda Vietnam, Ajinomoto, Fulbright University, MOG group, BW Industrial,…