LG Electronics Adopts a Global Single Instance with Oracle E-Business Suite Release 12
Subsidiaries of LG Electronics Worldwide Enjoy Improved Visibility of Critical Business Data and Significant Reductions in Account Closing Time and Profitability Analysis Time
Redwood Shores, CA
Oracle Korea today announced that LG Electronics has successfully implemented the Oracle E-Business Suite Release 12 in 6 countries worldwide.
By integrating its regional operations onto a unified Oracle-based system, LG Electronics is able to optimize collaboration, standardize global processes, maximize competitiveness and better respond to customer inquiries.
With this successful global enterprise resource planning (ERP) implementation, Oracle Korea further demonstrates the ability to provide customers with the most advanced global single instance.
Increased Productivity, Lower Maintenance Costs
With Oracle Applications, LG Electronics replaces legacy ERP systems and has significantly cut worldwide account closing time, and greatly shortened profitability analysis time. It also realized an increase in productivity and a reduction in system maintenance costs.
Business processes and systems across four main business areas were integrated to ensure smooth flow of information through the company. By adopting identical processes across the world, LG Electronics has minimized confusion and enabled staff to collaborate on significant projects such as global marketing programs and year-end account closing.
LG Electronics has currently completed the implementation of global ERP system in its Korea offices and its overseas offices in Australia, England, Germany, Indonesia, and Jordan.
By 2010, LG Electronics will complete the worldwide integration into a global single instance.
“We realized we had to respond quickly to take advantage of technological advancements and we decided to implement a single global instance of the Oracle E-Business Suite Release 12 as our business management platform,” said Kim Tae Keuk, CIO, LG Electronics. ”Oracle offers comprehensive support and ensures the success of the deployment, and the new system will allow us to better compete in the global market.”
“As corporations continue to drive towards globalization, there is greater emphasis placed on the streamlining of operations and management controls for subsidiaries worldwide.” said Won Moon Kyung, Vice President, Application & Sales, Oracle Korea. “This global ERP project of LG Electronics is the first worldwide deployment of the Oracle E-Business Suite Release 12 in a multinational enterprise. This case will be a good reference for companies that seek to leverage IT systems for global competitive edge.”
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