UMH simplifies its finance processes with SAP
Union Medical Healthcare Limited (UMH) has leveraged SAP S/4HANA Finance to digitise and simplify its finance and accounting process for its operations in Greater China region.
UMH operates 19 aesthetic medical centres, aesthetic surgery clinics and beauty service centres in Hong Kong, Macau, and Guangzhou. It plans to expand the business through organic growth and acquisitions.
In line, UMH aims to improve its business processes, boost operational efficiency, and streamline the generation of reports for regulatory compliance purposes.
The SAP S/4HANA Finance has provided UMH with a cloud-based integrated business management platform, which gives them a real-time visibility into its financial and point-of-sale (POS) information. In addition, UMH has used SAP S/4HANA to build an enterprise-wide standardised platform to automate its financial accounting (FI) posting processes and enable data integration with its POS system.
"Advanced technology offers a great competitive advantage to enterprises. At UMH, we put a lot of resources in advancing our technology innovation at different business segments since day one of our inception. We are proud of completing the implementation of SAP S/4HANA Finance in just five months and upgrading our existing financial and accounting systems into a more comprehensive and well-developed platform. After detailed evaluation of several enterprise-grade software, we chose SAP for its excellence in digital technology with a wide range of business functionalities," said Tang Chi Fai, Chairman of UMH.