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Other Disclosures3992Needs Well Inc.Information and Communications, Services and Others

Promoting expense management DX at TOYO ENGINEERING CORPORATION

ニーズウェル implemented SAP Concur and Invoice PA for expense reimbursement and invoice management operations at TOYO ENGINEERING CORPORATION's head office, digitizing processes that had centered on paper and Excel. The period from application to payment was shortened from approximately 17 days to 7 days.

Worth reading
64In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
58
% (business lead-time reduction rate)
Wording
Definitive
How definitive the wording is.

Announced details

SAP ConcurInvoice PA
Applicable field (uses covered by this announcement)

Expense reimbursement, invoice management, approval processes, internal controls and telework support

Launch dateAlready in operation (specific start date: not disclosed)
What the company reported numerically
Quantitative Effects

Lead time from application to payment shortened from approximately 17 days to 7 days (approximately 58% shorter)

Usage history

ニーズウェル's cumulative SAP Concur implementation track record: more than 170 companies

Relationship between the counterparty and the company
Needs Well Inc.3992
Relationship with the Company

ニーズウェル supported the promotion of DX for expense reimbursement and invoice management operations and implemented SAP Concur and Invoice PA.

CounterpartyTOYO ENGINEERING CORPORATION

Head office: Chiba City, Chiba Prefecture. Representative Director, President and CEO: Hosoi Eiji (細井栄治). The company engages in EPC (engineering, procurement and construction) for various industrial plants, primarily in the petrochemical sector, and has approximately 6,000 employees across the group.

Location (as indicated in this announcement)

TOYO ENGINEERING CORPORATION head office: Chiba City, Chiba Prefecture

Approximately 6,000 employees across the group

In this announcement the company addresses none of Contract Value / Offering price / Impact on Business Performance.

Announced details
ItemDetails
Names of Products / Services CoveredSAP Concur, Invoice PA
CounterpartyTOYO ENGINEERING CORPORATION
Counterparty overviewHead office: Chiba City, Chiba Prefecture. Representative Director, President and CEO: Hosoi Eiji (細井栄治). The company engages in EPC (engineering, procurement and construction) for various industrial plants, primarily in the petrochemical sector, and has approximately 6,000 employees across the group.
Relationship with the Companyニーズウェル supported the promotion of DX for expense reimbursement and invoice management operations and implemented SAP Concur and Invoice PA.
Launch dateAlready in operation (specific start date: not disclosed)
Applicable areaExpense reimbursement, invoice management, approval processes, internal controls and telework support
LocationTOYO ENGINEERING CORPORATION head office: Chiba City, Chiba Prefecture
Location scaleApproximately 6,000 employees across the group
Quantitative EffectsLead time from application to payment shortened from approximately 17 days to 7 days (approximately 58% shorter)
Usage historyニーズウェル's cumulative SAP Concur implementation track record: more than 170 companies
Items this document does not state (8)
Contract ValueOffering priceContract DateAward/certification nameAwarding / certifying bodyRegistration number and expiry dateImpact on Business PerformanceSource

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

To review operations centered on paper, Excel and email, promote paperless processes, improve visibility into approval processes, strengthen internal controls, and support flexible working arrangements such as remote work.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Promoting expense management DX at TOYO ENGINEERING CORPORATION | Needs Well Inc. (3992) timely disclosure | Komori