This Hong Kong Real Estate Developer Will Deploy SAP S/4HANA and SuccessFactors

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Hong Kong-headquartered real estate developer Chinachem has selected SAP S/4HANA, as well as its Business Objects, Business Planning and Consolidation, and Process Orchestration software to help drive operational efficiency across finance and HR operations for its corporate group and hotels, the technology firm said Wednesday.

“Technology is changing how companies are organized and run across all industries, and ours is not different,” said Donald Choi, Executive Director and Chief Executive Officer of Chinachem Group. "We've just started a digital transformation—one that fully harnesses the power of digital technology to rethink every aspect of the organization. Accounting and HR operations are good starting points for this journey.”

SAP said that ChinaChem will benefit from real-time updates on financial performance which will help optimize their finance processes from planning and analysis to period-end close and treasury management.

The real estate developer will also SAP’s HR suite SuccessFactors—including its Workforce software for Time and Attendance Management, and SAP Cloud Platform—to accelerate apps and extensions building and deployment, which will allow the firm to engage employees in news ways and HR to be more flexible, SAP noted.