Korea Investment Holdings Co – Modernizing Internal Processes with Odoo
Company Overview
Korea Investment & Securities Co. (KISC) is a leading provider of investment banking and asset management services in South Korea. Established in 1996 and headquartered in Seoul, the company serves both domestic and international markets. KISC is officially registered with the Financial Services Commission of Korea, reflecting its compliance with regulatory standards and commitment to financial excellence.
Challenges Faced
Before implementing Odoo, KISC encountered several inefficiencies in its internal management systems:
- Outdated In-House System: The legacy system could no longer support evolving business requirements, resulting in slow and fragmented workflows.
- Manual Approval Bottlenecks: Managers were required to manually process all expense claims and time off requests, consuming significant administrative time and increasing the risk of errors.
- Delayed Reimbursements: The finance team struggled with processing reimbursements promptly due to the lack of integration and visibility across departments.
Odoo-Powered Solution
To address these pain points, KISC rolled out Odoo beginning in Q1 2022, focusing initially on the management and HR functions. The deployment delivered tangible improvements in workflow automation and team productivity:
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Integrated Time Off & Expense Applications:
- KISC adopted Odoo’s fully customizable modules for managing employee leave and expense claims.
- These apps replaced disjointed manual processes with a user-friendly digital interface.
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Advanced Workflow Configuration:
- Implemented multi-tier approval flows for expense processing, ensuring greater control and transparency.
- Role-based departmental access was enabled to ensure sensitive data is viewed and managed appropriately.
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Increased Operational Efficiency:
- Managers and finance staff now experience faster approvals, better audit trails, and less time spent on repetitive tasks.
- Employees benefit from timely reimbursements and visibility into their request status.