Hyosung Capital, which is aiming to take the Top Five spot in the industry by 2015, has decided to develop a ‘new IT system’ as a long-term information strategy and has been preparing for the development since last April. The new IT system development project is an IT infrastructure system that is being created to respond to the changing financial market environment, with the goal to make existing businesses more competitive and to also add mobile office and information systems to it. As a result of the six month-long work on the Process Innovation (PI) Project, Hyosung Capital has come up with 345 processing-related issues and has completed the design for the new processes.
Before the development, Hyosung Capital sent out proposal requests to Samsung SDS, Tong Yang Systems and Hyundai Information Technology, until finally choosing Tong Yang for the project in early March, 2011. The new IT system development actually began on March 28, at which point the basic elements needed for the project were decided and the completion date was set for December 2012. When the system is completed, Hyosung Capital can get advanced risk management skills and great results in strategic and dimensional information analysis and usage. Mobile administrative support through the use of smartphones will also be possible, thus diversifying the sales channels in various ways.
Hyosung ITX will be in charge of setting up the call center for this system, while Hyosung Information Systems and Nautilus Hyosung are also in the process of striking agreements with Hyosung Capital. This renewed attention and help from Hyosung HQ, various PU’s and affiliates are also bringing more positive energy to the development of the new IT system. The new system is expected to become Hyosung Capital’s key competitive factor as next-generation system projects in the financial industry gain more momentum.
