7th July 2010 marks another major milestone for IFCA Group as its Vietnam arm secures the first IFCA.Net installation in the booming country with VinaCapital Real Estate Group as its maiden implementation. A Kick-Off Meeting was also held on the same day to herald in this momentous occasion with key personnel from both organizations present.


Seated left to right: Ms. Beh Soo Lang, General Director of IFCA Vietnam; Mr. Jason Ng, Finance Director of VinaCapital; Mr. Tran Thanh Hai – IT Senior Associate of VinaCapital ; Mr. An Cu – Finacial Controller - RE Project of VinaCapital; Standing: IFCA Vietnam project members

VinaCapital Real Estate (VCRE) is a subsidiary of VinaCapital Group and is one of the largest foreign investor in Vietnam and has made investments in excess of USD 1 billion in the country since 2003. To solidify its position as one of the top investment and consulting house in Vietnam, Vinacapital needed to pursue a strategy of growth and cost reduction. An integrated system for the core operations of VCRE on a group level was seen as paramount to the execution of this strategy.

The Project

VinaCapital Real Estate decided to phase IFCA.Net solution for its Vietnamese sites. The tightly integrated modules that will ultimately support VCRE entire operations include

The Vertical Core Modules
• Property Development Sales Management
• Enterprise Project Management
• Project Accounting

The Shared Services Module
• Group Financial Accounting

Corporate Collaborative Platform
• Integrated Document Management
• Business Alerts
• E-Workdesk

The modular components in IFCA.Net allow VCRE – as they continue their exponential growth path - the full flexibility to scale up their requirements on a needs-basis, including the capability to extend the features and functionalities beyond other verticals to a collaboration-based environment e.g. Workflow Automation, SMS Engine, Office Automation, Mobile capabilities etc .

Project Objectives
On successful implementation of IFCA.Net, VCRE will achieve the following benefits
• Single integrated business management solution with standard systems, procedures, processes and documentation
• Reduced total cost of ownership by replacement of a multitude of obsolete legacy environments
• Improved business controls as a result of better transparency, fully integrated processes and management information
• Improved delivery reliability and speed with IFCA.Net’s full web native technology, where the application can be accessed via a browser and a simple internet connection – resulting in greater portability, more accurate management planning, better scheduling, reduction in cycle times and timely, accurate and complete management information.

About VinaCapital Group
VinaCapital Group is the leading asset management, investment banking and real estate consulting firm in Vietnam. The Group has unrivalled experience in the Vietnamese market, with a team of managing directors who bring over 50 years of combined local experience to the firm. VinaCapital Group was founded in 2003 and has grown from a single USD10 million fund into a diversified investment firm with almost USD2 billion in assets under management. For more information, please refer to www.vinacapital.com