Notice

| Woongjin unveils Korea’s first treasury solution for small and mid-sized enterprises

| Supporting innovative treasury management processes for SMEs and mid-sized companies

| Delivering triple benefits: reduced workload, minimized financial risks, and cost savings

At the “Connected Cloud 2018: ERP Connected by Cloud” event held on October 18, Woongjin General Manager Kyung-soo Han (Project Manager) presents the treasury solution.

Woongjin (CEO: Suyoung Lee, www.woongjin.com) announced the launch of Korea’s first treasury management solution designed specifically for small and mid-sized enterprises.

On October 18, Woongjin hosted the event “Connected Cloud 2018: ERP Connected by Cloud.” During the event, attended by CIOs and IT managers from small and mid-sized companies, Woongjin introduced the first-ever implementation of a treasury solution integrated with SAP Business One in Korea.

The treasury solution was developed over a six-month period by a team of more than 20 specialists to address localization challenges faced by Korean companies using the global ERP platform SAP Business One.

By integrating Woongjin’s treasury solution into business processes spanning logistics through accounting, companies can achieve significant benefits including reduced workload through month-end automation, minimized financial risks through improved accuracy in cash flow management, and overall cost savings.

Alongside the treasury solution, Woongjin also highlighted the importance of a cloud-based “smart work” environment as an essential requirement for business growth. The company introduced Woongjin Cloud OnePack, a smart work-optimized cloud solution built on seamless integration and flexible scalability, emphasizing cloud technology as a core driver of the Fourth Industrial Revolution.

Yeon-kyung Choi, Executive Director at Woongjin who oversaw the treasury solution project, stated, “Woongjin has maintained its leading position in the SAP SME and mid-market sector for years while playing a pioneering role in advancing enterprise IT. Beginning with this treasury solution, we will continue introducing solutions that are easier and more accessible for small and mid-sized businesses to adopt.”