Hyosung Capital launched a new next generation IT system on July 9. The new IT system is important given that it will play a key role in establishing the foundation for Hyosung Capital to become a leading company in the loan business in connection with its mid- to long-term strategies. To set up the new system, the company independently conducted a Process Innovation (PI) project for six months to identify problems arising from the AS-IS process and computing system, and established a new work process through system improvement. Based on the improved process, the company established a new IT system during the period of April 2011 to June 2012. As a result, there have been many changes in the business environment of the company. Particularly, the new system is expected to resolve evaluation delays stemming from document output, storage, and approval. Moreover, the paperless office environment and swift electronic-based approval process are expected to improve work productivity and strengthen sales competitiveness.
