Headquartered in Singapore, Banyan Tree Group manages and develops premium resorts, hotels, and spas in the Asia-Pacific region, under the Banyan Tree and Angsana brands. The company began in 1994 with a single boutique resort in Phuket.
Today, Banyan Tree Group owns and operates close to 30 resorts and hotels, more than 60 spas, almost 80 retail galleries, and three golf courses. The company plans to expand into China, Southeast Asia, South America, Europe, and the Middle East. Banyan Tree has been listed on the Singapore Stock Exchange since 2006.
Banyan Tree Group uses a number of Oracle products to run its global IT network. It is operating Micros Fidelio Opera systems and SunSystems accounting systems on Oracle platforms.
“Our primary consideration was to implement a financial management system from a vendor we knew and have worked with,” said Michael Lee, chief information officer, Banyan Tree Group. “As we were already using Oracle products to run multiple transactional systems, we knew the decision to implement Oracle Hyperion Financial Management would be a sound one. The fact that it is a Web-based application makes it ideal for the network of hotels, resorts, and spas we currently operate and those we have in the pipeline.”
Banyan Tree Group engaged Oracle partner Kronicles (Singapore) Pte. Ltd., formerly SANDZ Solutions (Singapore) Pte. Ltd., to implement Oracle Hyperion Financial Management. The application went live in May 2009.
Kronicles (Singapore) Pte. Ltd. provided Banyan Tree with consultation, implementation, training, and maintenance services.