Notice

| Collaboration Tool Flow Signs MOU with Woongjin to Innovate SAP-Based Enterprise Business Processes

| Strengthening B2B Business Cooperation

From left: Sang-yong Lee, Executive Director at Woongjin; Hak-jun Lee, CEO of Madras Check; and Yeon-kyung Choi, Executive Director at Woongjin

Madras Check, the developer of Flow, Korea’s leading collaboration tool, announced that it has signed a strategic memorandum of understanding(MOU) with Woongjin to combine Flow’s all-in-one collaboration tool technology with SAP ERP.

Through this agreement, Madras Check and Woongjin will combine their operational know-how and technologies to provide more advanced solutions that help Korean companies strengthen competitive business process innovation. The two companies also plan to strengthen B2B business cooperation synergy by carrying out aggressive joint marketing activities to create and expand new business areas.

As a Gold Partner of SAP Korea, Woongjin has built one of the strongest track records in Korea related to SAP ERP. With 12 years of diverse implementation and operation experience and technical capabilities, the company is recognized for its expertise as a provider of exemplary IT environments for enterprise resource planning(ERP) in Korean companies. 

Madras Check has developed Flow, a Korean collaboration tool, and has been developing the market for the past six years. Flow’s major customers include Hyundai Motor and Kia, Hyundai Mobis, JTBC, E-Land Retail, DB Financial Investment, BGF Retail, Daegu Bank, SK Infosec, KB Capital, and Hyundai Engineering. Flow is currently used by 250,000 free teams and 2,500 paid corporate customers to implement digital workplaces.

Hak-jun Lee, CEO of Madras Check, said, “Through cooperation with Woongjin, which is recognized for its SAP expertise in Korea, we expect to establish a foundation for growth in the SAP ERP market, the world’s No. 1 enterprise resource planning(ERP) market. We will increase market share by providing highly satisfying services to companies.”

Woongjin said, "We will provide services that allow customers to handle ERP work in a new way," adding, "We will create a strong cooperation model with Flow by bringing together Woongjin’s SAP ERP implementation and integration know-how."

Meanwhile, Flow has surpassed 2,500 paid corporate customers just three years after launching its paid service, making it one of the fastest-growing collaboration tool startups. Based on its accumulated know-how and cooperation with Woongjin, Flow expects to reach 4,000 paid corporate customers within 2021.