Oil Company In Control of Investment Capital Planning

This client is a large Oil company based in Finland. It produces, refines and markets oil and renewable products. The organisation prides itself on being the world's leading producer of sustainable fuels and renewable feedstock solutions. These are used across a variety of both polymers and purposes in the chemicals industry. Operating in 14 countries, this organisation has a revenue in excess of €15bn.

Customer Profile

Industry: Oil & Gas

Synopsis:

This client is a large Oil company based in Finland. It produces, refines and markets oil and renewable products. The organisation prides itself on being the world's leading producer of sustainable fuels and renewable feedstock solutions. These are used across a variety of both polymers and purposes in the chemicals industry. Operating in 14 countries, this organisation has a revenue in excess of €15bn.

Project Overview

This client had designed a new Investment Management process and sought to implement a solution to manage this globally. Back in 2010 Oracle asked HPS to support this client’s implementation of portfolio investment management. All investment spend would be managed in the new solution, from a bicycle to ride around the refinery to a new refinery itself.

Business Challenges

  • A custom-made Lotus Notes solution no longer met business needs
  • No ability to strategically align the whole portfolio
  • New IM process had strict approval and governance requirements
  • No single place to see Budgets, Actuals and Forecast spend for capital investments
  • No ability to rank and prioritise investments

Results

  • Oracle’s PfM software manages thousands of projects across portfolios
  • Strategic alignment enabled cross BU selection to achieve goals
  • OPPM able to meet Governance and approval demands
  • Single source of truth for all investment data
  • All investments could be prioritised
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HPS puts you in control

Hyde Park Solutions, Oracle Primavera partner, at the forefront of Portfolio & Project Management, having the largest number of certified professionals delivering solutions using P6, Unifier, Primavera Cloud, OPPM, Aconex, Primavera Analytics and Integration Cloud Service with global delivery teams.

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