Mitsui & Co., Ltd. (Mitsui) is known for its diverse business interests and pursuit of innovation. With the organisation expanding across Asia, it sought to boost compliance and efficiencies through cloud IT and a strategy of digitisation, connectivity and mobility. The company identified the Concur platform as a way to standardise travel and expense processes, and as a solution to drive innovation through the richness of its offerings.
Mitsui, being one of the world’s most diversified and largest comprehensive trading, investment, and service companies. It has annual revenues of more than USD 42.1 billion, and operates in 66 countries/regions and has a consolidated staff of 43,611. The regional headquarters in Singapore operates in 11 business areas and manages the overall business activities in the Asia Pacific region through more than 25 offices in 14 countries.
A 16 year veteran with Mitsui, Hayashi is strongly committed to talent development by creating more innovative opportunities for his team, based on the organisation’s long term vision and strategy.
Digitization and standardization
What separates Mitsui & Co. ASIA PACIFIC from other businesses is its vision. The organisation has become a leading corporate group in the global Fortune 500, through its talent to find new ways to increase value in different industries. Mitsui understands that IT can be a an accelerator for business, and a vital tool for standardizing processes across regions with in-country complexities. And with operations in Asia expanding, Mitsui & Co. ASIA PACIFIC is pursuit a strategy if digitisation, connectivity and mobility through cloud-based solutions to align its operations and find new efficient and better ways of working.
Driving innovation
Just as importantly, Mr. Hayashi and his colleagues could see the larger potential of a technology such as SAP Concur. As part of the deployment, Mitsui & Co. ASIA PACIFIC also completed the rollout of Apple iPhones to staff across the region, enabling personnel to take full advantage of the Concur mobile app. Right now, staff are receiving training on the core functionalities of Concur Expense.
Instantly, the company has been seeing benefits such as; up to 50% reduction in time complete expense claims using mobile capabilities. Greater efficiency among Mitsui & Co. ASIA PACIFIC finance personnel due to simplified approval processes. Strengthening of regulatory compliance across Asia despite the complexities of in-country regulations and reduction in workload to company personnel, since Concur is delivered as a cloud service.
Growing Value
The team at Mitsui & Co. ASIA PACIFIC is excited about future developments using the Concur platform. The company will roll out Concur Travel alongside Concur Expense and the mobile app in the near future to handle the region’s 700-plus monthly travel requests.
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PHOTO: Shena Formanes and Jet Bandal
