HCL transformed the investment accounting process of a large life insurance company in Hong Kong, across 31 of its legal entities in 11 countries. The implementation of the SAP Investment (Financial Asset) Management solution resulted in the centralization of these erstwhile decentralized units which improved month-end and year-end closing cycles, minimized risk and turnaround time, and improved visibility, reporting and compliance, thereby enabling a complete business transformation.
HCL In Hong Kong
Hong Kong has exceptional infrastructure and a government that fully supports outsourcing, giving companies the maximum room for business innovation. For over two decades, HCL – a reputed IT company in Hong Kong - has been serving large enterprises in the financial services, travel and transportation, gaming, public, and retail industries, helping them upgrade their technology, transform their operations, and introduce innovation into their business so that they can differentiate themselves in crowded markets.
By providing these companies with integrated IT services and solutions, HCL ensures that the value it delivers is clear, focused, and measurable. Fuelled by its “Employees First” culture that is based on trust, transparency, and value centricity, HCL’s philosophy of contributing to the growth of the local economy has borne much fruit and ensured consistent growth.
HCL is creating value for several global enterprises in Hong Kong including Asia’s largest life insurance services provider, Hong Kong’s largest airline company, a premier gaming resort in Macau, and a leading global investment bank, amongst others.
HCL transformed the investment accounting process of a large life insurance company in Hong Kong, across 31 of its legal entities in 11 countries. The implementation of the SAP Investment (Financial Asset) Management solution resulted in the centralization of these erstwhile decentralized units which improved month-end and year-end closing cycles, minimized risk and turnaround time, and improved visibility, reporting and compliance, thereby enabling a complete business transformation.Return To Top
Dynamic business environments, competition, and challenging economic conditions have resulted in a rapid escalation of operational costs which have a direct impact on a company’s P&L. The answer to this conundrum lies in the company’s enterprise functions such as Finance, Procurement, Marketing, Legal and HR, that form the central support to the organization.
HCL’s unique technology-driven proposition - “Enterprise Functions as a Service” or EFaaS™ - enables a reduction in the cost of business operations. While traditional IT and BPO focuses only on optimizing IT costs, EFaaS™ integrates business.
HCL’s ALT ASM™, which dwells on the concept of Proactive Obsolescence, is creating a paradigm shift in applications outsourcing.
While other IT vendors are motivated to keep growing their ASM engagements, we proactively try to eradicate this. By focusing on a cut down of wastes in an ASM engagement, we work towards achieving the ‘ZERO Incident’ status for many of our customers, allowing CIOs to strategically benefit from their ASM offshoring engagement.
HCL puts its employees first, empowering them to believe in everyday ideas that create immense value for customers, making HCL the world's largest Ideapreneurship™.
Our fixation on “value centricity” is dedicated to delivering more value for clients, putting their interests ahead of ours and delivering value that goes beyond the contract. Our belief in “trust, transparency and flexibility” drives us to step into our customers' business reality, guaranteeing outcomes with great enthusiasm. Our Ideapreneurs are transforming global businesses one relationship at a time.
Technology is constantly changing, often making even the best contracts appear outdated or ill-conceived. That’s why at HCL we focus on developing relationships beyond the contract — not just by optimizing costs or enhancing efficiency but by thinking well into the future on behalf of our customers. Our alternative propositions such as ALT ASM, Enterprise of the Future, Digital Systems Integration, Enterprise Functions as a Service, Innovation Monetization, and zCMO ensure that we deliver “relevant” business value in real-time, despite the changing times.
- Helps HCL align solutions with local market requirements
- An exceptional platform for HCL clients and industry peers to exchange ideas and best practices
- Recognized through several awards — including the Forrester Groundswell Award in the B2B category — for the trust it fosters between HCL and its customers
- HCL in Hong Kong and mainland China helps Hong Kong businesses expand to the mainland and leverage the cost benefits from our China delivery center
- As clients adopt emerging technologies, HCL’s highly skilled global resource pool ensures business continuity and sustainability in the region
- Focused and pragmatic growth strategy – HCL reinvests a percentage of the revenue generated from its customer engagements in to new product/service innovation
- “Glocalized” delivery model ensures that the best talent is available to clients in Hong Kong
- Serving 60% of clients through a workforce that is more than 70% local