About Country Garden

Country Garden was founded in 1994, with only 5 employees that year, and started its development from the acquisition of a “Country Garden” project. It was listed in 2007 and has developed into a team of nearly 200,000 employees. It has brought modern real estate projects to more than 1,200 cities and towns, and has been listed on the Fortune Global 500.

Industry

Real Estate

Region

Singapore, SEA

Company Size

50+

The Challenge

Challenges in integrating its extensive and diverse financial accounting system

Country Garden faces significant challenges in integrating its extensive and diverse financial accounting system. With over 1,700 financial accounting units spanning across various sectors, the complexity is further amplified. The real estate segment, a major part of their business, is divided into 32 regions, along with 9 companies focused on first- and second-tier cities. Additionally, the conglomerate encompasses 10 different business units, including properties, hotels, and schools, encompassing both listed and non-listed companies. This diversity not only in terms of geography but also in the variety of sectors makes the task of consolidating and integrating the financial systems across multiple regions a formidable challenge. The sheer number of accounting units adds another layer of complexity, necessitating a sophisticated approach to achieve a cohesive and efficient financial management system.

The Solution

Integrated Financial Management Solution

With the financial management solution, all financial and administrative functions within the group is integrated together. Through the specialized division of labor, standardized operations, and automated accounting modes, work efficiency, work quality, and job satisfaction were improved. The solution effectively integrates financial personnel, financial business, and financial processes to achieve streamlined personnel, more professional accounting services, centralized accounting and settlement, and streamlined business processing.

The construction of the integrated financial management solution has brought the following values ​​to Country Garden:

  • In terms of standardization, Country Garden unifies the presentation of a large amount of content and text, and encodes the past data in a unified manner.
  • In terms of the cost aspect, a lot of trivial work began to be concentrated, and coordinated with various departments for marketing, contract management and tax calculations, etc.
  • In terms of management, due to the standardization of the application of this system, the authenticity of financial data has improved a lot. Nowadays, after a large amount of data is retrieved, decision makers can view real-time financial data and support major decisions.