Tai Hung Fai Group
FlexSystem is a well-established and reputable IT company in Hong Kong. Its solutions offer great flexibility and can be customized to meet our needs. The solutions also feature a high level of security with strict access control. Their consultants provide timely response and professional support to us.
Automation Accelerates Present and Future Growth of Tai Hung Fai
Operating in Hong Kong for over 40 years, property developer Tai Hung Fai Group has diversified its business from property investments to property development and management.
Tai Hung Fai’s extensive property portfolio in Hong Kong includes hotels, serviced apartments, commercial, industrial and residential buildings, shopping complexes, retail shops and car parks. The Group has more than 1,000 tenants, spanning across different industries such as retail, food and beverage, medical, entertainment, industrial and commercial companies. Apart from managing its properties, the Group also outsources to some hotel management companies.
The Group believes that technology is important in its daily operations and expansion strategies.
“As our business becomes more diversified and engages in different property developments, coupled with economic changes at both local and global levels, good software applications and service providers support our business operations with greater flexibilities,” said Sunny Leung, IT Manager at Tai Hung Fai Group.
The Group has been using ERP software applications from FlexSystem Limited for 9 years, one of the largest Hong Kong-based enterprise management software and services provider.
Core Technology Platform
FlexSystem’s Financial Management System, Property Management System and Human Resources Management System have brought together to form the core technology platform of Tai Hung Fai.
“FlexSystem is a well-established and reputable IT company in Hong Kong. Its solutions offer great flexibility and can be customized to meet our needs. The solutions also feature a high level of security with strict access control. Their consultants provide timely response and professional support to us,” noted Leung.
The ERP solutions help automate a broad range of business processes, management reports and assist in making timely decisions, enabling Tai Hung Fai to leverage various new market and business opportunities.
Minimize Human Intervention
With automation in place, manual intervention has greatly been minimized. FlexSystem Human Resources Management System is a good example. It enhances workflow management and accelerates HR operations. By logging in the Employee Self Service portal, staff members could perform a wide range of functions at their fingertips including submitting leave requests and checking balance, viewing payslips and tax forms.
“It replaced our previous practice of printing and manually distributing payslips and other forms by HR staff, reducing human intervention while improving efficiency,” said Leung.
Apart from HR matters, Tai Hung Fai also has to handle a lot of tenant billing data and accounts payable with various suppliers and vendors. FlexSystem Financial Management System modernizes its accounting and billing operations.
“We have a consolidated view of all receivable and payable accounts such as viewing invoices and payment history. Management reports can be customized for monitoring and analysis. As a result, we have a better control over our cash flow, job costing and budget planning,” he said.
Enhance Property Management & Forecast Accuracy
FlexSystem Property Management System helps Tai Hung Fai to manage tenants and properties easily including rent collections, lease accounting contract management and portfolio management. The Group can keep track of the profitability of its diverse property operations and make a more accurate forecast of its financial performance.
“FlexSystem Property Management System supports us in forecasting rental income in the coming one to two years. It facilitates us to make better business plan with financial reference data on investment trends and rental adjustments,” said Leung.
The three FlexSystem solutions have automated many business processes, enabling staff to focus on high-value tasks such as more collaboration with other departments and external partners.
Leung sees property management system is becoming more user-centric to meet today’s customer needs and get prepared for future business expansion. Innovative technologies such as big data analytics and artificial intelligence will continue to facilitate data-driven business decisions, accelerating Tai Hung Fai’s growth today and future proof for tomorrow.