EBC Tech Limited

Company profile

EBC Financial Group Limited is an international financial services provider with operations across more than 12 countries in the Asia Pacific and the Americas. With over 200 employees globally, the company offers a wide range of financial products and services, serving both individual and institutional clients. EBC Financial Group sought a comprehensive solution to streamline operations, improve compliance, and enhance financial reporting on a global scale.

Industry: Financial Services

Team Size: 200+ Employees

Hosting: Odoo.sh Cloud

Locations: Asia Pacific, Americas

Challenges Faced

EBC Financial Group faced several key operational challenges that required a unified solution:

• Fragmented Regional Accounting Systems: Inconsistent accounting systems across regions caused discrepancies and compliance risks.
• Manual, Multi-Level Expense Approval Delays: Slow, manual, and complex approval processes across departments and time zones.
• Disjointed HR Data and Systems: Employee records were kept separately in each region, hindering tracking and compliance.
• Lack of Standardized Financial Reporting: Financial reports varied by region, slowing decision-making and audits.
• Inconsistent Payroll and Compliance Processes: Each country used different payroll and compliance methods, risking errors and non-compliance.
• No Unified Performance Evaluation System: Performance evaluations were inconsistent across regions with no centralized oversight.

Odoo Implementation

Key Features Implemented

• Unified Global Accounting Center: Multi-company setup with a centralized chart of accounts, aligning with each country’s compliance requirements.
• Advanced Multi-Level Global Approval Workflow: Role- and scenario-based approval system, handling multi-level hierarchy, automation, and over 15 currencies across time zones.
• Centralized Employee Database: Odoo’s HR module centralized employee data, including contracts, leaves, payroll, and 360-degree evaluations across more than 200 employees in various regions.
• Real-Time Financial Reporting Dashboard: Integrated dashboards providing real-time visibility into financial performance, streamlining the monthly close and audit processes.
• Payroll Integration and Automated Compliance Reporting: Payroll systems integrated for four countries, with automated compliance reporting across all operating regions.
• Customized Global Evaluation Templates: Tailored assessment templates by job function to support performance management and development globally.

Business Benefits

Enhanced Operational Efficiency

• Centralized financial systems and data ensured compliance across multiple countries and streamlined accounting processes.
• Automated workflows reduced delays in approvals, improving overall efficiency across departments.

Improved Compliance & Reporting

• Real-time financial dashboards ensured timely and accurate reporting, enabling better decision-making and preparing for audits.
• Integration of payroll and compliance processes improved accuracy and reduced the risk of non-compliance.

Standardized Performance Management​

• A unified system for employee records and performance evaluations allowed for consistent tracking, development, and performance management across regions.

Scalable Infrastructure​

• Odoo’s modular architecture supported global expansion and provided a scalable solution to meet evolving business needs.

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