IGB Uses OBM Financial System to run its business

updated: 10 January 2010

IGB Corporation Berhad, a successful consulting firm in the property development, investment and property holding, hotel management, property management and maintenance services industries goes live with OBM Financial.

IGB Corporation Berhad merged its property related business with another public-listed company, Tan & Tan Bhd in May 2000. This calculated move enabled IGB Corporation Berhad to expand its competitive position in the property market and hotel investment line worldwide. Notable subsidiaries of IGB Corporation Berhad include Mid Valley City Sdn Bhd, which developed one of the largest urban development projects in Malaysia; Mid Valley City, and Ensignia Construction Sdn Bhd. In year 2000, reported revenues were mainly attributed to property development; which encompassed 55%, construction; which occupied 21%, investment holdings; which held 4%, among other miscellaneous businesses that amassed the rest of the 20%.

IGB Corporation Berhad, that has approximately two hundred employees, needed an efficient, accurate and reliable software to manage its associate companies' accounts. It needed a system that could control and manage the considerable amount of daily accounting transaction traffic within its hundred associate company accounts. Following which, two of its offices, one being the headquarter office, chose to implement OBM Financial. Utilizing fifteen user licenses, OBM Financial proved to be a total solution for their general accounting needs. The new solution replaces their legacy customized accounting software written in-house using COBOL and AS400 technology. OBM Financial has allowed IGB Corporation Berhad to better manage their accounts using a user-friendly Windows interface software that boasts of flexible accounting tools and useful, easy-to-use reports that provide and reflect real-time data.".

IGB has been using OBM since Jan 1999.