Loc Troi Group and Citek sign the project acceptance and announce the successful go-live of SAP S/4HANA and IFRS

SAP Business One (SAP B1) and SAP S/4HANA Public Cloud (SAP Cloud ERP) are two popular ERP solutions from SAP – one of the world’s leading providers of enterprise management software. Each solution is designed to match different business sizes and ways of operating. So, which one is the better fit for your company: SAP Business One or SAP S/4HANA Public Cloud?This article compares both systems across 15 key criteria to help you choose the platform that best fits your growth plans, daily operations, and digital transformation goals.

In the midst of rapid digital transformation, choosing a modern, flexible, and globally-aligned enterprise management platform is a critical factor for sustainable business growth.

On March 25, 2025, Sen Vang and Citek officially signed a partnership agreement to go live the GROW with SAP project, aiming for a comprehensive digital transformation powered by SAP S/4HANA. The event took place in Hanoi with the presence of executive leaders, project teams from both companies, and representatives from SAP Vietnam.

SAP S/4HANA Public Cloud is an enterprise resource planning (ERP) solution provided by SAP, launched in 2015, and delivered as a Software-as-a-Service (SaaS) model. This solution is built on SAP's in-memory public cloud platform, a high-performance in-memory database that enables businesses to access and analyze data in real time.

The introduction of SAP S/4HANA Public Cloud is considered a significant milestone in SAP's development history, offering a "barrier-free" approach that opens up opportunities for large, medium, and small enterprises to adopt ERP solutions.

Businesses do not need to manage the infrastructure and software, as this is directly supported by SAP. The SAP S/4HANA Public Cloud solution offers flexible deployment with two major updates annually. Additionally, SAP provides minor versions that can be updated based on the specific needs of the business.

SAP S/4HANA is an Enterprise Resource Planning (ERP) system developed by SAP. It's SAP's newest ERP version, built on in-memory computing technology, which speeds up data processing and improves business performance. SAP S/4HANA's predecessor, SAP ECC, has nearly 50 years of user experience.

SAP S/4HANA offers features for managing finance, human resources, procurement, production, sales, and inventory, helping businesses comprehensively manage their operations. Additionally, S/4HANA integrates new technologies like artificial intelligence, the Internet of Things, and blockchain, enabling businesses to meet increasingly complex and diverse business needs.

SAP S/4HANA also utilizes SAP Fiori technology, providing a simple and user-friendly interface. This allows users to easily access and interact with the ERP system across various devices, from desktops to mobile devices.

S/4HANA not only accelerates data processing but also improves business performance by optimizing business processes, minimizing delays, and enhancing forecasting and analytical capabilities. This helps businesses make faster and more accurate decisions.

SAP S/4HANA offers a set of best practices for various industries and services, helping businesses adopt optimal and standardized business processes while still addressing industry-specific requirements. Below are some examples of industries supported by SAP S/4HANA Best Practices, combined with Citek's specialized industry solutions that have been built and implemented for numerous businesses:

• Steel production,
• Livestock farming and animal feed processing,
• Aquaculture and seafood processing,
• Human and veterinary pharmaceuticals,
• Agriculture,
• Financial services,
• Retail,
• Food and beverage production,
• Real estate,
• Energy, oil and gas,
• Engineering, construction, and operations (EC&O),
• Garment manufacturing,
• Textile dyeing,
• Mineral extraction,
• Artificial and natural stone production,
• Corrugated iron production,
• Plastics manufacturing,
• Industrial chemicals production,
• Electrical cable production,
• Commercial trading,
• Telecommunications,
• Port, factory, and new facility construction investment projects,
• Brick manufacturing,
• Electrical equipment manufacturing,
• Motorcycle manufacturing,...

On July 1, 2024, Win Brothers Group (WBG), one of the leading multi-industry conglomerates in Myanmar, officially put SAP S/4HANA Public Cloud system into operation. The Go-live ceremony took place at WBG's Yangon and Mandalay offices with the attendance of WBG's Board of Directors, Citek representatives and the project team members. 

Recently, Digiworld Corporation (HOSE: DGW) and Citek Corporation officially signed and kicked off a comprehensive digital transformation project using SAP S/4HANA Private Cloud and IFRS financial reporting standards.