 |
| Lee Sung-youl, right, managing director of SAP Korea, poses with Oh Il-seok, CEO of Hyundai AutoEver, after signing a memorandum of understanding to develop and operate cloud-based enterprise software at the latter's headquarters in Seoul, Thursday. / Courtesy of SAP Korea |
By Baek Byung-yeul
An increasing number of companies are adopting cloud-based computing software to make their business processes more efficient and conserve resources, providing ample opportunities for SAP, a Germany-based software company and one of the leaders in the sector.
SAP Korea said Thursday it signed a memorandum of understanding with Hyundai AutoEver, an IT affiliate of Hyundai Motor Group, to develop and operate cloud-based software applications.
"In conjunction with Hyundai AutoEver, we are planning to develop and manage software for enterprise use. Based on our cloud-based software services, the two of us will try to seek more business opportunities," Lee Sung-youl, managing director of SAP Korea, told reporters during a press conference in Seoul.
Under the agreement, they will join hands in developing and operating cloud-based software that is based on SAP's software services such as Concur, a travel and expense management software program, and Qualtrics, a customer feedback management software program.
The managing director said its cloud-based software is greatly helping the company pull in more revenue here.
"SAP is the world's leading company in software for enterprises and it has been 10 years since we made a foray into the cloud computing business. Though Korean companies have been slow to adopt cloud-based enterprise software, more companies are seeking to do so," he 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," Lee said.
SAP Korea said thousands of companies here are using its cloud-based software.
About 4,000 companies here are using SAP Ariba, a procurement and supply chain management platform, to do business with overseas buyers and suppliers.
Also, Doosan Group has been actively using SAP SuccessFactors service, a cloud-based human resource management platform, since 2017. "By using the service, Doosan could more efficiently screen and hire qualified candidates during the recruiting process," the company said.
Samsung SDS, Woongjin, Kakao Mobility and other local firms are using its expense management platform SAP Concur to help employees simplify business processes.
"About 680 companies here are using the Concur service to let their employees save time from doing invoice processing and focus more on productive tasks," said Lee Sun-woo, managing director of SAP Concur Korea.
