RICOH Elemex Adopts Workday Adaptive Planning
RICOH Elemex, a subsidiary of the RICOH Group, has recently decided to implement the AI-supported cloud-based management system, Workday Adaptive Planning. This decision aims to upgrade their management operations and improve overall efficiency. Collaboration with Shearwater Japan will support the deployment of this innovative solution.
Background
Founded in 2006, RICOH Elemex has been utilizing a proprietary performance management system since expanding into the Chinese market. However, due to system aging and the end of support for their base system, challenges arose regarding integration with RICOH's global financial operations. The difficulties were exacerbated by individual departments increasingly relying on Excel for their data, leading to unreliable figures and an increasingly complex workflow, resulting in higher operational burdens at headquarters.
Reasons for Selection
After evaluating various products both domestically and internationally, RICOH Elemex determined that Workday Adaptive Planning provided significant advantages, including:
- - The ability to manage performance comprehensively by integrating budgets, actual results, and KPIs (such as cost variances and yield rates) efficiently—a feature not possible with their self-built system.
- - The intuitive user interface and operational capabilities allow departments to generate reports and dashboards independently, reducing dependence on headquarters. This unique feature enables real-time updates and on-site adjustments to forecasts and variance analyses, allowing corporate headquarters to focus on overarching growth strategies.
- - Enhanced accuracy in business planning and accelerated decision-making powered by advanced AI functionalities. Numerous case studies from publicly traded companies also made these advantages more understandable.
- - Capability to extend to international group companies, incorporating subsidiary data and providing multi-currency and multi-language support for the latest performance forecasting.
- - Cloud-based continuous updates ensure high scalability and the potential for future enhancements, a factor appealingly fast compared to their in-house developed system.
Future Prospects
With the introduction of Adaptive Planning, RICOH Elemex aims to achieve significant operational improvements, such as:
- - Standardizing performance management formats and workflows across departments.
- - Moving away from Excel-dependent, individual-based management processes for budget creation and performance tracking.
- - Conducting multi-faceted data analysis that encompasses KPIs.
- - Enhancing real-time performance forecasts through collaboration between executive management and core administrative functions.
- - Utilizing AI features to improve the precision of business plans and support swift management decisions.
- - Strengthening collaboration with overseas group companies.
Customer Insight
Ishiguro from RICOH Elemex's Management Strategy Center notes, "The implementation of Adaptive Planning will allow us to standardize and streamline previously manual performance management processes. Our goal is to establish a framework that supports high-precision and timely management decisions. As we leverage AI features moving forward, we aim for a more strategic approach to performance management."
Company Overview of RICOH Elemex
- - Company Name: RICOH Elemex Corporation
- - Location: 3-69 Idacho, Okazaki City, Aichi Prefecture
- - CEO: Koichiro Tominaga
- - Business Scope: Manufacturing, developing, and selling precision components and peripheral devices for copiers.
- - Website: RICOH Elemex
Comments from Workday
Kazuki Yashima, Head of Partner Business at Workday Japan, stated, "We warmly welcome RICOH Elemex's adoption of Workday Adaptive Planning. The solution powers real-time strategic decision-making and supports the establishment of globally standard performance management systems. We, alongside Shearwater Japan, are committed to facilitating the solid foundation for RICOH Elemex."
Connection with Shearwater Japan
Baptiste Vasso, CEO of Shearwater Japan, expressed, "We are truly honored to support RICOH Elemex in their project to enhance performance management. Using the flexible analysis and forecasting features of Workday Adaptive Planning, we aim to contribute significantly to the strengthening of their management foundations. By utilizing AI and machine learning integrated within Adaptive Planning, clients can quickly adapt to fast-changing business environments."
Company Overview of Shearwater Japan
- - Company Name: Shearwater Japan Corporation
- - Location: 3-21 Kanda Nishikicho, Chiyoda City, Tokyo
- - CEO: Baptiste Vasso
- - Business Domain: Implementation support and consulting for cloud solutions related to core business operations, including Workday Adaptive Planning and Oracle NetSuite.
- - Website: Shearwater Japan
Additional Information
For a glimpse of the technological advancements,
view here.
As a special offer, those interested can download a free report titled “Jobs That Will and Won’t Disappear with AI in Corporate Planning” by applying via this
link before July 4, 2025, at 11:59 AM.
For inquiries, please reach out to Shearwater Japan's Marketing Department at:
- - Email: sales@shearwaterasia.com
- - Phone: 03-5843-8484