Why SAP?
Shinsegae International Consumer Products | South Korea
• In-depth industry knowledge and fast implementation of a SAP cloud solutions maintain commitment to customer experiences and product performance • SAP S/4HANA Cloud, a fully cloud-based ERP, offers standardized end-to-end process with enhanced data accessibility, reliability, and accuracy for forecasting, material resource planning, procurement, production, sales, and finance • A centralized ERP empowers the parent company Shinsegae International, to evaluate the performance and goal realization with improved data transparency and real-time access to all business data
75% reduction in financial closing times.
96% reduction in financial statement consolidation prep time.
100% transfer of data onto a central ERP solution.
SAP S/4HANA Cloud Public Edition
Giving inventory processes a makeover with a cloud-based infrastructure
Produits Prestiges S.A., a subsidiary of Shinsegae International Co. Ltd., is a provider of luxury skincare and cosmetics products worldwide. With a presence in celebrity and B2B beauty circles, it wanted to cement its reputation as a high-end cosmetics brand by creating a smooth digital foundation with SAP S/4HANA Cloud to house its inventory data. “Most of our business transactions were recorded on local computers, especially in Microsoft Excel. All sales-related data was stored in individual computers even though we had a local ERP system. Our existing setup just could not keep up with the demands of a digital market and our goals of expansion.”
Challenges
• Lack of standardization & automation • Lack of visibility of business processes, 360˚ view of customers • Poor inventory planning & accuracy
Outcomes
• Optimized operations, inventory and supply chain management • Improved decision-making • Improved finance operations
Digital Innovation Team Manager, Shinsegae International Co. Ltd. - Changsu Yeo
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