Along with the development of cloud-based ERP Systems, SAP and LG CNS aim to engage in a deeper go-to-market (GTM) strategy not only in South Korea but worldwide.
LG CNS, a leading information technology services and solutions provider in South Korea has sealed a strategic alliance with German tech giant SAP in a bid to bolster the development of next-generation enterprise resource planning (ERP) solutions. (InsideSAP Asia often references articles from websites in other languages to bring you as much information as possible.) The Memorandum of Understanding (MOU) signing ceremony held at SAP headquarters in Waldorf, Germany was attended by high-ranking executives from the two companies. including SAP CEO Christian Klein, LG CNS CEO Hyun Shin-kyun, and Head of SAP Enterprise Cloud Services and SAP Sovereign Cloud Services, Peter Pluim.
“SAP is working together with more than 24,000 SAP partners around the world that are rich in capabilities such as LG CNS to help customers innovate,” expressed Pluim. “Through this agreement, we can accelerate SAP’s efforts to support digital transformation with LG CNS and help it become a sustainable intelligent company.“
Pluim shared that SAP, in partnership with LG CNS, pledges to drive innovation in building customer-centric solutions and services.
Building Next-Gen, Cloud-based ERP Systems
SAP Korea has launched several initiatives last year to accelerate cloud adoption in the country in collaboration with both government and private organizations– from introducing the SAP Young Next Cloud Academy, a completely free, hands-on cloud-based education program in partnership with the Korea Chamber of Commerce and Industry to delivering efficient and effective public cloud services under an MoU signed with NAVER Cloud and Cloud4C.
This week, SAP Korea reinforced its commitment to accelerate the cloud’s momentum in the domestic market by establishing a co-innovation partnership with LG CNS, a subsidiary of LG Corporation that specializes in digital transformation (DX) leveraging AI, Data, and Cloud. Specifically, the alliance is pegged to develop and operate new ERP systems harnessing SAP S/4HANA for the Korean corporate market, including LG affiliates and, consequently, for the company’s international business.
Under the MoU, SAP will provide training on SAP Enterprise Cloud Service (SAP ECS) processes and IT tools to enable LG CNS to provide TechOps services to customers. From the alliance’s current collaboration model, the multinationals are looking to expand to Managed Service Model and Cloud Application Services. In addition, they will be exploring joint go-to-market opportunities harnessing SAP and LG CNS’ intelligent solutions and expertise as well as creating innovative solutions leveraging SAP technology.
Most recently, LG CNS has become a global strategic partner operating SAP S/4HANA, providing ERP services for the Korean and global markets across industries. The joint initiative with SAP Korea will support LG CNS’ plans to integrate application modernization (AM), artificial intelligence (AI), and machine learning with ERP– strengthening its role as a provider of cloud-based ERP systems to help domestic and international customers remain agile, intelligent, and sustainable amidst changing business landscapes.
“This partnership is an opportunity for LG CNS to bring its next-generation ERP capabilities to a global level, and for SAP to expand its customer reach in the Korean market,” LG CNS CEO said. “We will work together to support our customers in their DX transformation journeys.”
