Agribank Service Company Limited

Agribank Service Company Limited

Centralized Accounting System for Parent–Subsidiary Model with FTS

Agribank Service Company Limited

Banking support services and nationwide printing and cash management operations

Agribank Service Company Limited – Applying a Centralized Accounting Solution for Subsidiary Units

Agribank Service Company Limited is a 100% owned subsidiary of the Vietnam Bank for Agriculture and Rural Development (AGRIBANK), the largest commercial bank in Vietnam by network and customer base. Providing banking support services and nationwide printing and cash management operations, Agribank Service Company manages multiple subsidiary units and requires a standardized, centralized accounting system to ensure consistent data control and timely consolidated reporting.

FTS was selected to implement a centralized accounting system that meets the requirements of multi-unit operation, transparent financial management, and centralized governance for a national-scale financial group.

Nearly 10 years of partnership delivering centralized accounting solutions for the parent–subsidiary model

The software covers all key accounting operations, ensuring transparency and standardization across the enterprise:

  • Cash and Bank Accounting
  • Sales Management
  • Accounts Receivable Management
  • Purchasing Management
  • Accounts Payable Management
  • Inventory Management
  • VAT accounting
  • Cost and Pricing Management
  • Fixed Assets and Tools Management
  • General Accounting and Financial Reporting

FTS Accounting deployment follows a hierarchical data model with the following features:
Implemented Units:

  • Southern Cash Management Service Center
  • Head Office of Agribank Service Company Limited
  • 4 Subsidiary Units:
    • Printing House 01
    • Northern Cash Management Service Center
    • Printing House 02

Deployment Model:

  • Centralized database at the head office
  • Role-based access by unit and department; each unit performs its own accounting, with automatic consolidation
  • Multi-unit data management and real-time reporting to accelerate management and financial report generation
  • Transaction control: transparent approval and reconciliation workflows
  • Transparent accounting process: vouchers, approvals, and reports
  • Fast and accurate data consolidation

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