Hyundai Capital Launches Global IT Standard Platform... "Accelerating Global Expansion"

Package Method Integrating IT Systems of Overseas Corporations
First Platform Launch at US HCA Among 11 Overseas Corporations

[Asia Economy Reporter Ki Ha-young] Hyundai Capital announced on the 26th that it has built and officially started operating a next-generation system independently developed for its U.S. subsidiary, Hyundai Capital America (HCA). The next-generation system is an IT system that oversees overall operations such as sales and risk management.

In 2016, Hyundai Capital became the first domestic financial company to build a package-type next-generation system capable of integrated management of IT systems for its global subsidiaries. Hyundai Capital further developed this system to complete the 'Global Standard Platform (GBP)' and launched it first at HCA among its 11 overseas subsidiaries.

Through the launch of this Global Standard Platform, HCA has acquired an evolved IT system optimized for the characteristics of the U.S. market. It integrated the previously separate auto installment and lease systems to strengthen linked marketing capabilities and upgraded the data utilization infrastructure for employees.

Additionally, it broke down data barriers that existed between different organizations. The issue of duplicate data, which accounted for 43%, was improved, reducing the total data volume to about one-third of the previous level. Various tasks that were previously done manually have been replaced by the IT system, which is expected to significantly reduce operational errors and labor costs.

In particular, this next-generation system is a package-type system that can be reconfigured according to circumstances, making it useful for responding to rapidly changing market conditions.

The practical deployment of the new Global Standard Platform is expected to give Hyundai Capital wings to expand its global business. By building the standard platform, Hyundai Capital can greatly reduce the time and cost required to establish IT systems when entering new global regions and improve quality. Furthermore, technical support and system maintenance, which were previously conducted separately by each subsidiary, will be more efficiently managed through integrated operations.

As the standardized business platform spreads to subsidiaries worldwide, subsidiaries in various countries can adopt successful models from specific regional subsidiaries within a short period without separate system development. This will enable the sharing of diverse business models and success cases, further strengthening Hyundai Capital's global competitiveness.

Hyundai Capital is considering building global platforms for its subsidiaries in Canada and China, using the HCA next-generation system construction as a stepping stone.

A Hyundai Capital official said, "The launch of this global standard IT platform is significant as it marks the successful establishment of the systemic foundation for Hyundai Capital's 'Global One Company' strategy. We will continuously develop the platform applied this time and expand it to subsidiaries in various regions."

This content was produced with the assistance of AI translation services.