HCL Tech signs transformational deal with D&M Group

It'll provide services in support of the deployment of SAP solutions, financial details unknown

HCL Technologies today announced that it has signed a transformational engagement with Japan-based D&M Group to provide services in support of the deployment of SAP solutions.The financial details of the deals were not available.

With a strong heritage built over 100 years, D+M's consumer audio brands include Denon and Marantz.

The contract bagged by HCL’s enterprise application services (EAS) division will see reconfiguring D+M Japan’s implementation of financial solutions from SAP and other related applications and helping it to align the company’s code structure, HCL will also consolidate the company’s financial data.

This contract was won based on a Global Delivery model, through which HCL Japan will support D+M entities in Japan, the US, China and Europe. The EAS group of HCL has over 17 years’ experience with SAP and more than 6,000 consultants across 31 countries.

Through the engagement, D+M expects that its closing activities, which currently require substantial manual interventions related to accounts receivable and payable activities, will be simplified with the implementation of SAP solutions. HCL will also address issues such as lack of organized tools for capital budgeting and cash flow forecasting.

“Innovation is a core value at the D+M Group. Our Information Technology team looks for innovative partners with a history of strong execution,” said Scott Strickland, Global CIO for the D+M Group.
    
Other elements of the engagement will include reconfiguration of cost center accounting, improvement of product costing, cash flow management and profitability analysis.