JFE Steel Corporation Software Purchases and Digital Transformation Initiatives

Discover the latest software purchases and digital transformation initiatives being undertaken by JFE Steel Corporation and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 43874 JFE Steel Corporation employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.

During our research, we have identified that JFE Steel Corporation has purchased the following applications: SAP S/4 HANA for ERP Financial in 2016, IBM Sterling Order Management for Order Management in 2015 and the related IT decision-makers and key stakeholders.

Our database provides customer insight and contextual information on which enterprise applications and software systems JFE Steel Corporation is running and its propensity to invest more and deepen its relationship with SAP, IBM 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 JFE Steel Corporation revenues, which have grown to $30.00 billions in 2019, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for JFE Steel Corporation 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.

About the Customer

JFE Steel Corporation manufactures and sells steel products. JFE Steel Corporation was formerly known as Kawasaki Steel Corporation and changed its name to JFE Steel Corporation in April 2003. The company was founded in 1950 and is based in Chiyoda-ku, Japan.  JFE Steel Corporation operates as a subsidiary of JFE Holdings, Inc.

Scope and Challenges

The steel industry, being highly asset-intensive, requires higher capacity fixed asset accounting. Going on a digital journey had goals in supporting global growth strategy, thus increasing participation by the global investor community. 

Increasing visibility across group subsidiaries was important, as they operate a business with functionally branched subsidiaries. They needed to look at the data in a horizontal skewer and communicate in the same manner for operating JFE Group.

The future project was designed to standardize and modernize the conventional business processes.

Outcome and Implications

They started to transform themselves in 2016 from a traditional manufacturing company to a more global and digitalized company in order to survive the competitive market, by using S/4HANA. 

The implementation enabled building up centralized business operations on S/4HANA foundation, within planned financial budget and original project schedule without any overruns; realizing a simple and single architecture/platform, which includes one consolidated server, unified storages, and highly optimized user management, which serves JFE Steel and all 80 subsidiaries.

The project went live in 2017 after 9 months of implementation and roll-out for 80 subsidiaries was achieved within 11 months.

Quotes

"This project makes it possible to standardize business processes and build the foundation of a global accounting system. SAP S/4HANA enables us to analyze the whole group’s business performance more efficiently and effectively.” - said Toshihiro Tanaka, Chief Financial Officer.