Case Study Detail
Language: English

SINGAPORE PETROLEUM: Singapore Petroleum improves budgeting with Infor BI

 Singapore Petroleum

About the company
Singapore Petroleum Company Limited, more popularly known as SPC, is a home-grown oil and gas company. Founded in 1969 as an independent petroleum refining and marketing company, SPC has recorded significant growth over the years. Today, SPC is a leading integrated oil and gas company listed on the Stock Exchange of Singapore.

SPC has created a choice of products and services for many businesses in Singapore, the region, and the world. It is a reliable supplier of aviation and bunker fuels in the region, and it operates in specialised markets such as terminalling and lube oil blending. SPC also has a strong presence in the industrial, commercial, marine, transportation, and power utilities market segments.

Setting the strategy
In early 2004, SPC's business expanded rapidly. Besides acquiring additional refining capacity, its retail network grew from 9 service stations to 39. The database and the number of systems used for mission-critical applications also grew rapidly.

SPC realised that it needed to improve the efficiency of its management profit and loss reporting, budgeting, forecasting, and costing processes, which the company's Management Services Department managed using Microsoft® Excel®. The existing manual spreadsheet process proved unable to cope with the ever-increasing amounts of data and demand for collaboration across the company. There was constant pressure to enhance productivity and efficiency of the annual budget preparation and monthly budget monitoring processes from the large amounts of data and the need to access data stored in the company's JD Edwards® database for analysis.


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