^{Joint Press Release}

Teikoku Databank, SAP Japan, and BASF partner to link ERP and Japan’s largest company information database to make speedy credit assessments

Tokyo, Japan, March 24, 2020 - Teikoku Databank Ltd., SAP Japan, and BASF Japan Ltd. have collaborated on a project of API integration between SAP^® Credit Management service for ERPs and the largest company information database in Japan, which is provided by Teikoku Databank. This partnership significantly improves efficiency in conducting credit management. BASF Japan plans to adopt this service in April this year.

As various forms of risk management become crucial to a company’s growth, credit management and information gathering about new business partners have become important. However, in the past, most credit management process were conducted manually, leading to issues in efficiency.

Through this joint project, users of SAP’s ERP product including SAP S/4HANA^®, SAP S/4HANA^® Cloud, and SAP^® ERP will be able to use the SAP Credit Management service which manages business partners’ credit ratings and payment histories with Teikoku Databank’s COSMOSNET API in order to access the company information database. Companies will now be able to conduct efficient credit management by adding highly accurate, real-time information from Teikoku Databank about suppliers and business partners, from earnings and ratings, to the information centrally managed in the SAP Credit Management service.

Working together, Teikoku Databank and SAP Japan will begin providing this solution.

Previously, BASF Japan had to acquire company information from Teikoku Databank’s database and manually conduct the risk assessment in its internal SAP-based credit management system. To eliminate the time-consuming and inefficient process, BASF Japan initiated this joint project to connect these services with SAP and Teikoku Databank. The three companies worked together to create the most suitable solution for BASF’s operation.

“Digitalization is an integral part of BASF’s corporate strategy to drive business growth,” said Nobuhiro Suda, Representative Director and Vice President of BASF Japan Ltd. “We expect that the integration of those services will significantly speed up our business with customers by improving the efficiency and accuracy of the credit management process.”

 

About TEIKOKU DATABANK, LTD.

TEIKOKU DATABANK, LTD.(TDB) is committed to providing outstanding business intelligence for actionable insights and high-quality decision making. TDB was established in 1900, with the mission of "protecting corporations from fraud." Since then, we have been continually fine-tuning the craft of gathering, maintaining and communicating business intelligence. TDB is now proud owners of Japan's largest corporate database, and has an extensive network across Japan and also internationally. With this, TDB is able to respond to diversified customers' requests with high-quality information and a wide range of services.

 

About SAP Japan

SAP Japan was established in 1992 as a subsidiary company of SAP SE.  As the Experience Company powered by the Intelligent Enterprise, SAP is the market leader in enterprise application software, helping companies of all sizes and in all industries run at their best: 77% of the world’s transaction revenue touches an SAP system. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers’ businesses into intelligent enterprises. SAP helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want – without disruption. Our end-to-end suite of applications and services enables more than 440,000 business and public customers to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, SAP helps the world run better and improve people’s lives. For more information, visit www.sap.com.

 

About BASF

At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. More than 117,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €59 billion in 2019. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S. Further information at www.basf.com.