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| LG CNS CEO Hyun Shin-gyoon, right, poses with SAP CEO Christian Klein after agreeing to jointly develop an ERP system at SAP headquarters in Germany, March 10. Courtesy of LG CNS |
By Baek Byung-yeul
LG CNS signed a partnership deal with German software company SAP to jointly develop a next-generation enterprise resource planning (ERP) software system, according to the IT service arm of LG Group, Tuesday.
On March 10, its CEO Hyun Shin-gyoon went to SAP headquarters in Germany to sign a strategic partnership agreement with SAP CEO Christian Klein.
Under the agreement, the two companies will launch a next-generation ERP development project by utilizing SAP's S/4HANA ERP system. SAP is a global leader in the ERP market.
"Using SAP's S/4HANA ERP solution, the two companies will develop and operate a next-generation ERP system customized for Korean companies," LG CNS said.
The company added that the two will also seek new business opportunities.
"The S/4HANA-based project will first be applied to Korean companies including LG Group affiliates and will be expanded to the global market," the company said.
To that end, ERP consultants of LG CNS will be trained in S/4HANA-related technologies at SAP's global education center.
LG CNS plans to further combine ERP with technologies such as application modernization (AM), artificial intelligence (AI) and machine learning.
Customers using the next-generation ERP system will be able to respond quickly to changes in the business environment and operate services without interruption thanks to AM technology that helps customers operate each service independently, LG CNS said.
Also, customers will be able to make more reasonable decisions based on big data. For example, they can analyze their supply chain status in real-time with AI and machine learning technologies and run simulations.
"This partnership is a chance for LG CNS to raise its next-generation ERP capabilities to the global level," LG CNS CEO said. "SAP will also be able to expand contact points with customers in Korea."
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