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:

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.

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

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

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.