HCL Technologies has signed a deal for providing SAP technology solutions to D+M Group in Japan.
The Enterprise Application Services (EAS) division of HCL Technologies will provide these solutions to D+M Group, which counts audio equipment makers like Denon and Marantz.
As per the agreement, apart from reconfiguring D+M Japan’s implementation of financial solutions from SAP and other related applications, it will align the company’s code and its financial data. HCL’s Japanese operations will support D+M entities in Japan, the US, China and Europe.
With a significant number of multinational companies having operations in Japan, the company is in the process of re-implementing SAP solutions due to globalisation, according to HCL Tech executives.
Through the engagement, D+M expects that its closing activities, which currently require manual interventions related to accounts receivable and payable activities, will be simplified with the implementation of SAP solutions.
HCL will also address issues such as lack of organised tools for capital budgeting and cash flow forecasting.
Other elements of the engagement will include reconfiguration of cost centre accounting, improvement of product costing, cash flow management and profitability analysis.