Worldwide Holdings Berhad Upgrades System for Greater Benefits
Digitalisation and automation have been the keys to improvement in productivity across various industries, therefore businesses are eagerly exploring the endless possibilities enabled by this transformation too.
Worldwide Holdings Berhad (WHB) is a wholly owned subsidiary of PKNS with 5 core businesses: Property, Environmental Management Services, Medical Device Manufacturing, Energy, as well as Project Management and Green Technology.
The Property arm of Worldwide Holdings Bhd. has been running IFCA Property solution since 1998. The journey started when they adopted IFCA Property Plus to manage sales, leasing, project costing, and financial accounting.
Over the years, the system has been upgraded with plenty of customisations to support a larger number of concurrent users in various departments.
As the business flourished, Worldwide needed a better system to accommodate their growth, which is capable of accommodating more users and real-time reporting. Taking a leap forward towards digital transformation, Worldwide upgraded their system to cloud-based solutions by IFCA Software in 2021.
Why did Worldwide Holdings Berhad choose IFCA Software?
Besides overcoming the data integration challenges and high maintenance cost, this upgrade has also assisted Worldwide to simplify their business processes, increase revenue, stimulate growth and improve system security.
IFCA’s latest software features a wide range of advantages. Since different procedures are now connected one after another seamlessly, and applications can be initiated and approved online, it expedites operation processes and saves a lot of time for the employees.
Since all documents are digitised, they can easily be attached to each transaction and stored safely for future reference. As the workflow is fully seamless, the contract documents, budget and costing documents, variation orders and approved price list can be attached to the relevant modules of each project with just a click.
Seamless Workflow for Greater Synergy
With the new system comes a more streamlined workflow, where inputs can be fed into subsequent applications seamlessly, resulting in reduced workload and greater efficiency. Since reports are generated and sent automatically, it really simplifies the work procedure significantly.
Moreover, the latest profit and cost recognitions in the system also comply with the definition as stipulated in the MFRS 15 (Revenue from Contracts with Customers). Since no manual calculation is involved, human error is automatically avoided.
Now that the solution runs on cloud servers instead of on-premise servers, it can be accessed anytime, anywhere through any mobile device, making life easier for staff working remotely.
With routine tasks automated and workflow streamlined, employees will spend less time on the administrative procedures, and focus better on their tasks. This will increase efficiency and optimise productivity, leading to greater profitability.
The automation of property sales and management processes offers great improvement to Worldwide. Regardless of the size of your business, IFCA Software can enhance your resilience in the market. To learn more about PropertyX, visit https://bit.ly/IFCAdemo and book a discovery call today.