Chinatrust Financial Holding Company (CFHC) was founded in May 2002 as an integrated, multi-faceted financial entity. In 2001 - 02, CFHC predicted that increased domestic competition and the opening of the Chinese economy to foreign investment would bring new opportunities as well as challenges. To prepare for these changes, it instigated a project to reform human resources and other organizational processes. Today, CTFH uses a range of PeopleSoft Enterprise Human Capital Management modules from Oracle to oversee around 100,000 employees in Taiwan and overseas. By implementing a common HR platform across its operations, CTFH has improved efficiency and enabled HR departments to focus on strategic work that adds value to the business.
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