EMRO Sees Growing Adoption of Cloud-Based SCM Services, Targeting SMEs, Mid-Sized Enterprises, and Overseas Subsidiaries of Large Corporations

- Cloud SaaS-based procurement system emroCloud drives H1 2024 cloud service revenue up 14.7% year-on-year

- Continued expansion of customer base beyond SMEs and mid-sized companies, including global restaurant brands, overseas subsidiaries of Korean conglomerates, and rollout projects across 10 affiliated companies

- Accelerated digital transformation of procurement operations and the upcoming launch of emroCloud v2.0 expected to further boost cloud service growth

August 22, 2024 – Emro Inc. (KOSDAQ: 058970), Korea’s leading AI-based SRM software company, announced today that adoption of its supply chain management cloud service, emroCloud, is increasing both domestically and internationally.

Launched in 2019 as Korea’s first cloud SaaS-based procurement system, emroCloud provides a wide range of procurement functions as a cloud service, enabling companies to quickly and cost-effectively implement standardized procurement systems. The platform also offers flexible integration with existing enterprise systems, tailored to customer requirements and IT environments.

In the early stages, adoption of emroCloud was concentrated among SMEs and mid-sized enterprises, which typically have limited IT investment capacity and fewer dedicated operational personnel compared to large corporations. Recently, however, demand has surged among large enterprise subsidiaries and overseas affiliates seeking to transition key corporate operations—including procurement—to a cloud SaaS environment.

Since the beginning of 2024, Emro has signed multiple contracts to deploy emroCloud at European, Latin American, and Southeast Asian subsidiaries of major Korean corporations across industries such as materials, chemicals, and services. In locations where on-premise procurement systems are difficult to implement due to local conditions, overseas subsidiaries have opted for emroCloud to strengthen procurement competitiveness and manage global suppliers more transparently and systematically.

In addition, a major battery materials company affiliated with a Korean conglomerate has been rolling out emroCloud across 10 of its subsidiaries since late last year, while a global restaurant brand’s domestic operator began using emroCloud for procurement operations in August.

Fueled by this growing demand for cloud-based supply chain management services, Emro reported H1 2024 cloud subscription fees of KRW 2.5 billion, a 14.7% increase year-on-year. Interest in emroCloud continues to grow not only among overseas subsidiaries of large corporations but also among local partners and affiliates. With the upcoming release of emroCloud v2.0, which adds expanded procurement functions and AI modules specialized for procurement, Emro expects its cloud service growth to accelerate further.

“emroCloud leverages Emro’s procurement expertise and cloud technology to provide a cost-effective, ready-to-use SaaS procurement solution,” said an Emro official. “We are seeing increasing adoption inquiries from overseas subsidiaries and local affiliates of domestic companies, and as procurement operations continue to undergo digital transformation, demand for flexible, easily integrated cloud-based supply chain management services is expected to grow rapidly.”