Banking network’s biggest Enterprise Resource Planning system applied
The biggest Enterprise Resource Planning (ERP) system in Vietnam’s banking sector was officially applied at the State-owned Bank for Investment and Development of Vietnam (BIDV) on January 26.
BIDV and the FPT Information System Corporation sign a document on the official application on Jan. 27 (Photo: VNA)Hanoi (VNA) – The biggest Enterprise Resource Planning (ERP) system in Vietnam’s banking sector was officially applied at the State-owned Bank for Investment and Development of Vietnam (BIDV) on January 26.
The ERP system, designed by the FPT Information System Corporation, ran on a trial basis from October 2015 and helped conduct more than 11 million transactions at BIDV on December 31, doubling the transaction number on normal days.
Also, the system did not overload when some 1,000 transactions were made simultaneously.
BIDV’s 185 branches and 233 units nationwide successfully operated the ERP system, helping the bank modernise its enterprise resource planning, increase precision and minimise risks.
The construction of the ERP system for BIDV included a great amount of work and required advanced techniques. Although completing the project on schedule was a real challenge, the completion one month ahead of schedule was possible thanks to efforts from both the bank and the designer, said Director General of the FPT ERP Services Co. Ltd Mai Cong Nguyen.-VNA
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