Infrastructure support businesses, like Doosan Group, embraced SAP SuccessFactors in 2017. Doosan Group shared that since their adoption of SAP SuccessFactors, they have efficiently screened candidates and hired qualified ones during their recruitment process. Fast-food chains like Burger King deployed SAP Ariba in Korea in 2018. Aside from these companies, Kakao Mobility, Samsung SDS, Woongjin and other local companies are using travel expense management platform, SAP Concur, which aids employees in simplifying their processes.

Lee Sung-Woo, the managing director of SAP Concur in Korea, shared that about 680 companies in the country are using the Concur Service to help reduce the time spent on completing invoices. He pointed out that one of the benefits include increased productivity on other tasks.

These businesses have turned to SAP for solutions that will support their operations in making data-driven decisions. And one of the most recent ones includes a collaboration with a Korean automaker, Hyundai Motor Group.

Last week, Korea Times reported that SAP Korea announced the signing of a memorandum of mutual understanding with Hyundai Motor Group’s IT affiliate, Hyundai AutoEver. Hyundai AutoEver was established in the year 2000 with its headquarters based in Seoul, South Korea. The SAP German software giant and the Korean automobile sales internet company will work together to develop and operate a cloud-based software application.

In a press conference in Seoul, South Korea, Lee Sung-youl, the current managing director of SAP Korea, shared that they were planning to develop and manage software for enterprise use. He has also hinted in other possible collaborations in the future. In a statement, Lee shared:

“Based on our cloud-based software services, the two of us will try to seek more business opportunities.”

The agreement indicates that the two companies will work together in developing and operating a cloud-based software that will be based on SAP software services such as Concur and Qualtrics, a travel management software program and a customer feedback management software program respectively.

Lee adds that the cloud-based software will help increase revenue. In his statement, he noted how Korean companies have been falling behind when it comes to adopting cloud-based enterprise software. He has also pointed out that more companies are looking to improve in this aspect. 

Lee said:

“In 2019, we could increase the number of customers and revenue in the cloud-based enterprise software sector. We expect the outlook will be even better in 2020.”

Thousand of companies in Korea are using cloud-based software in its operations. Around, 4,000 companies are using the procurement and supply chain management platform, SAP Ariba, in doing business with its overseas customers and suppliers.

The post SAP, Hyundai AutoEver to Develop Cloud Software appeared first on InsideSAP Asia.

Rimini Street has opened its local office in Gangham District, Seoul, and already supports 25 clients with South Korean operations, such as NCH Corporation, Transaction Network Services, and EBSCO. The region, which represents the twelfth largest economy in the world and the third largest in Asia, is growing rapidly for the support provider, with a 117 per cent increase in total signed clients to date for the 12-month period ending 30 June 2016, compared with the prior 12-month period.

Kim will now be responsible for leading growth and development in the region. He has more than 20 years of experience in software implementation, software upgrades, consulting, outsourcing, sales and delivery, working with major South Korean companies such as ESDS Korea and AT Kearney, and providing IT consulting services to Samsung, Hyundai, LG, Lotte Group and Korea Telecom.

Most recently, Kim was executive vice president at ISTN, where he was responsible for IT service sales and delivery, and held a similar role as DBCS. He also was CIO of Hanwha Group, where he was responsible for strategic IT investments and innovation initiatives for more than 15 Hanwha affiliates.

“Economic challenges, increased global competition, and a need for growth are forcing South Korean companies to achieve cost reduction, enable business innovation and improve efficiencies. Accordingly, CIOs are finding it increasingly hard to justify the high cost of their SAP and Oracle enterprise software maintenance and support in comparison to the value received. IT leaders in South Korea want to invest in big data, cloud, IoT and other disruptive technologies to help their organisations drive greater growth, but are struggling to find the IT budgets required to make these important, game-changing investments,” said Kim.

“This is why there is such strong demand for Rimini Street independent software support in South Korea as a solution to these challenges.”

Rimini Street has also recently been named an Inc. 5000 Company for the sixth consecutive year. The list is a ranking of US’s fastest-growing private companies. Rimini Street has posted revenue growth of 172 per cent from 2012 to 2015, making one of the fastest-growing private companies in the United States.

“The Inc. 5000 list stands out where it really counts,” says Inc. president and editor-in-chief Eric Schurenberg. “It honours real achievement by a founder or a team of them. No one makes the Inc. 5000 without building something great – usually from scratch. That’s one of the hardest things to do in business, as every company founder knows. But without it, free enterprise fails.”

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