Johor Corporation (JCorp) embarks on a journey towards becoming a value-driven industry leader by adopting a cloud strategy and leveraging the SAP business process transformation offering, RISE with SAP.
Former SAP Malaysia Managing Director Kok Cheong Hong has previously stated that as a result of the tremendous changes brought on by digital transformation, customers’ demands are shifting to sustainable products and services. He pointed out that individuals are considering an organization’s environmental commitment when deciding where to work. Furthermore, Hong noted that it is indeed crucial to invest in new technologies and innovations that help advance the economy and society without compromising natural resources.
For example, SAP Golder Partner Synnove Systems assisted Sabah Electricity Sdn Bhd in migrating their SAP landscape to SAP HANA. The electrical company was able to upgrade its ability to forecast future energy power production with greater precision thanks to its digital transformation initiative. Hong referred to the SAP customer as a great example of a “forward-thinking organization on its way to becoming a world-class utility.”
Another Malaysian company that has recently embraced digital transformation is state-owned conglomerate Johor Corporation. The partnership with SAP intends to help the business achieve its goal of becoming a sustainable digital enterprise and will speed up the company’s pursuit of its Membina & Membela mission.
Johor Corporation’s commitment to investing in technology is evident in its latest joint venture with Tiong Nam Logistics Holdings Bhd to build and co-develop a tech-enabled logistics park in Sedenak Technology Valley. Leasing and facility management, logistics 4.0 system integration, transportation services, and last-mile operations are all crucial components of the project. The two companies’ statement said that warehouses and factories may be customized to meet the needs of tenants in the large-scale sustainable development.
According to YBhg Datuk Syed Mohamed Syed Ibrahim, President and Chief Executive of Johor Corporation, the company’s dedication to long-term wealth creation and its efforts to have an effect on youth development and empowerment. In addition, he said that the corporation sees technology and digitalization as an enabler that helps it build on its “JCorp 3.0 Reinvention” strategy. With this, Johor Corporation strives to create additional cloud-based business models and revenue streams by harnessing the power of cloud.
“With RISE with SAP, we can empower our employees to operate with increased visibility, focus and agility. By integrating data and analytics, we are able to scale our ecosystem, increase revenue and accelerate growth while future-proofing our business strategy which includes diversification of new verticals, embracing disruptive technologies while also nurturing a controlled ecosystem based on data, analytics, IoT (Internet of Things), and partnerships,” JCorp’s CEO explained.
JCorp Rises with SAP Business Process Transformation Cloud Offering
The State of Johor relies on Johor Corporation as its primary development institution and a key economic facilitator. With offices in Malaysia, Bangladesh, Cambodia, Thailand, Australia, Brunei, Indonesia, and Singapore, the company serves a wide region. As part of Johor Corporation’s new partnership with SAP, the German tech giant will oversee all aspects of its digital transformation.
The companies’ collaboration will cover service level agreements and business operations to the design and implementation of a real-time system powered by SAP S/4HANA Cloud — a comprehensive enterprise resource planning (ERP) system that incorporates intelligent technologies like artificial intelligence (AI), machine learning (ML), and a host of others. Significant cost savings can be achieved through automation and optimization of systems, productivity and efficiency can both increase, and the user experience can be streamlined thanks to the connected platform.
Moreover, Johor Corporation plans to further its collaboration with SAP in the future by expanding the company’s Environmental, Social, and Governance (ESG) strategy, which is now a part of every investment process and Group decision. Ahmad Yusri Mohamed, Chief Digital Officer at Johor Corporation, affirmed that they are always searching for new ways to improve their processes as part of their effort to become a value-driven organization. He added:
“RISE with SAP further enhances the digitalisation of the Finance functions using Analytics and AI in its analysis and reporting of planning, budgeting and forecasting. Ultimately, we can make quick, informed and accurate decisions, initiate strategic changes if required as well as better allocate our resources within JCorp’s lean organization.”
SAP Malaysia Interim Managing Director Cynthia Quah maintained that the latest partnership will allow JCorp to use SAP’s technology to its full potential, bolstering the company’s ability to weather economic storms and redefining Malaysia’s green economy for the better.
“This is very much in line with SAP’s aspiration to create positive economic, environmental, and social impact by harnessing technology to drive sustainability at scale,” she concluded.