Forte Oil Plc Deploys SAP, Set to Improve Operational Efficiency

Nigeria’s leading indigenous Petroleum Products Marketing Company Forte Oil Plc (Formerly African Petroleum Plc) announced the deployment of world Class Enterprise Business solution- SAP across its Business.

 

This announcement comes on the heel of the Ag. Group Chief Executive Officer; Akin Akinfemiwa’s promise to its stakeholders in January that the new management is focused on increasing stakeholder value through operational efficiency.SAP, is the market leader in enterprise application software which works with businesses to improve their productivity.

 

SAP works with companies by integrating and standardising business processes in order to help them achieve their growth strategies. Having been in existence for up to four decades, SAP is used internationally across various sectors of the economy. 

 

The SAP solution adopted by Forte Oil Plc covers its sales and distribution, manufacturing operations, materials management, financial systems and Human capital management. Speaking at the formal introduction of the solution, at the weekend, the Ag. Group Chief Financial Officer- Julius Omodayo-Owotuga said ‘‘Integrating business operations and Financial Management processes is best practice for any forward looking business, SAP allows us achieve this process of modernisation’’.

 

‘‘We are pleased to be improving our systems, controls and structures and we are confident that this will ultimately deliver shareholder value” Having themed the year 2012 ‘ a year of recovery’, Forte Oil Plc recently carried out a complete restructure of its business with the objective of transforming it into a lean, talent based and technology driven organisation that will be more responsive to the needs of our customers. Forte Oil also recently announced its first quarter operating results with a profit of NGN370m (40% higher than 2011). The half year profit is projected to hit a new high of about Ngn1bn.

 

The adoption of SAP is a major tool to support the achievement of this target.

 

 

 

 

This article was originally posted on Africa Oil & Mining Network

 

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