Tosoh, a major chemical manufacturer , has adopted the service “RISE with SAP,” which is centered on the integrated enterprise resource planning (ERP) system ” SAP S/4HANA Cloud,” as part of its next-generation core system project. In addition, the company has signed an implementation support contract with PwC Consulting. SAP Japan and others announced this on March 11. Tosoh is working to advance the sophistication of business management and standardization of business processes across the group, aiming to become a sustainable company. In this project, the company will introduce solutions such as “SAP Datasphere,” ” SAP Analytics Cloud ,” “SAP Cash Management,” and “SAP Treasury Risk Management,” centered on “SAP S/4HANA Cloud Private Edition.”
This will build a modern management foundation aimed at expanding revenue and business scale. Tosoh has been using SAP systems extensively since 2005, and aims to make even more advanced use of its knowledge and functions. RISE with SAP is also equipped with AI functions, and verification of business efficiency using data accumulated in the ERP system is also planned. PwC Consulting will be in charge of the implementation project. Utilizing the experience and established methodology gained from past projects, Tosoh will help strengthen management control and standardize business processes across the entire Tosoh Group. The company has also adopted SAP Concur as an indirect cost management platform, with plans for it to be used by 14 group companies to optimize indirect cost management.
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The introduction of SAP Concur will digitize expense settlement operations, which were previously paper-based, enabling efficient operations that are not restricted by time or place. SAP Concur has a function that links with cashless payment services such as transportation IC cards , and it is expected that accumulated expense data will be used to continuously improve operations. In addition, the system will contribute to strengthening governance through mechanisms to prevent errors and tampering when applying, and strict checking functions by the system.
SOURCE: Yahoo
