Seoul, x,
South Korea
Hyosung GoodSprings_x000D_ Technographics
Hyosung GoodSprings_x000D_ Technographics, Software Purchases, AI and Digital Transformation Initiatives
Discover the latest software purchases and digital transformation initiatives being undertaken by Hyosung GoodSprings_x000D_ and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 515 Hyosung GoodSprings_x000D_ employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.
During our research, we have identified that Hyosung GoodSprings_x000D_ has purchased the following applications: Oracle E-Business Suite for ERP Financial in 2010, CFturbo for Computer-Aided Design (CAD) in 2024 and the related IT decision-makers and key stakeholders.
Our database provides customer insight and contextual information on which enterprise applications and software systems Hyosung GoodSprings_x000D_ is running and its propensity to invest more and deepen its relationship with Oracle , CFturbo or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.
We have been analyzing Hyosung GoodSprings_x000D_ revenues, which have grown to $187.0 million in 2024, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for Hyosung GoodSprings_x000D_ intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.
Hyosung GoodSprings_x000D_ Tech Stack and Enterprise Applications
Hyosung GoodSprings_x000D_ ERP
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Oracle | Legacy | Oracle E-Business Suite | ERP Financial | ERP | n/a | 2010 | 2010 |
In 2010, Hyosung GoodSprings implemented Oracle E-Business Suite R12.0.6 as its ERP Financial platform to consolidate production and financial operations. The company had been using an enterprise resource planning system since 1997, and as business scope expanded the older system lacked required global-grade features and became costly to maintain, prompting the February 2010 deployment of Oracle E-Business Suite R12.0.6.
The implementation concentrated on production and process management capabilities within Oracle E-Business Suite R12.0.6, with configuration work focused on production planning workflows, cost management controls, and financial reporting processes. The deployment included automation of month-end financial reporting and workflow logic to ensure design modifications are captured and routed to responsible teams, aligning engineering change capture with manufacturing execution.
Operational coverage targeted manufacturing, production planning, engineering, and finance functions across Hyosung GoodSprings manufacturing operations for pumps used in power generation, petrochemical, water, and industrial facilities. Integration work emphasized internal process orchestration between production execution and financial close, enabling consolidated cost accounting and shorter reporting cycles.
Governance changes included implementation of structured change capture and routing processes for design modifications and tighter process controls around production planning and cost visibility. As reported, the company improved production planning and cost management, reduced monthly financial reporting time from 15 days to 5 days, and streamlined manufacturing by ensuring design modifications are properly captured and routed to the right teams.
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Hyosung GoodSprings_x000D_ PLM and Engineering
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| CFturbo | Legacy | CFturbo | Computer-Aided Design (CAD) | PLM and Engineering | n/a | 2024 | 2024 |
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IT Decision Makers and Key Stakeholders at Hyosung GoodSprings_x000D_
| First Name | Last Name | Title | Function | Department | Phone | |
|---|---|---|---|---|---|---|
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Apps Being Evaluated by Hyosung GoodSprings_x000D_ Executives
| Date | Company | Status | Vendor | Product | Category | Market |
|---|---|---|---|---|---|---|
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