Banking

China Resources Vanguard Produces Monthly Financial Statements in Three Days

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Executive Summary

China Resources Vanguard (CRV) wanted to install a system that incorporates best-practice processes to strengthen general business and financial management across more than 2,600 retail stores and present a clear picture of operations from various perspectives, from new outlets to business units and regional areas. The challenge was to standardize processes and enable interdepartmental data exchange and collaboration and ensure the accuracy of budgets and management reports. China Resources Vanguard engaged Oracle Gold Partner Noahark Consulting to install a budgeting system based on Oracle's Hyperion software and allowed staff in different locations to work online at the same time.

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