To develop supply chain management system

Longtop Financial Technologies (Longtop), a software developer and solutions provider targeting the financial services industry, has signed a contract with a property insurance company in China to develop a customised Supply Chain Management (SCM) system.

Developed on Longtop’s proprietary IntelliFlow and IntelliWeb platforms, the system is expected to streamline the insurance company’s purchasing processes and improve the overall efficiency of its procurement department.

In the first phase of the project, key functions covered by the system include procurement planning, supplier management, asset tracking, and procurement data management.

Weizhou Lian, CEO of Longtop, said: “We are excited about winning this contract and the strong momentum we have gained in this sector, commented Weizhou Lian, Chief Executive Officer of Longtop. Moving forward, with the recent acquisition of Sysnet we are even better positioned to capitalize on the growth opportunities in this market as insurance companies increasingly invest in upgrading their IT infrastructure.