SAP AG has signed the largest ever deal in India with the Oil and Natural Gas Corporation Ltd (ONGC) for implementation of the Information Consolidation for Efficiency (ICE) Project. The deal worth Rs 95 crore is aimed at consolidating the IT efforts at ONGC through the implementation of Enterprise Resource Planning (ERP) package on SAP. This deal is the first mySAP Oil & Gas Upstream implementation in India, the first mySAP SRM deal and implementation in India, the first mySAP PLM with Document Management implementation in this industry, in India and the first mySAP SEM for Balanced Scorecard implementation in line with the latest management practice by Management Guru, Robert Kaplan. ONGC will benefit immensely by adopting the Best Business Practices provided in the mySAP solution evolved from SAP's close association with TOP 10 Oil & Gas Companies like Exxon-Mobil, Shell, Chevron-Texaco, Saudi Aramco etc. using SAP solutions.
The mySAP.com e-business solutions proposed to be implemented over the next 30 months across five regions of ONGC for over 8500 users, include: mySAP Financials, mySAP Corporate Financial Management,mySAP Business Intelligence, mySAP Supplier Relationship Management, mySAP Enterprise Portals (Workplace), mySAP Oil and Gas Upstream (JV Accounting, Production Sharing Agreement & Offshore Logistics Management), mySAP Strategic Enterprise Management and mySAP Product Lifecycle Management. "The main objective of the ICE Project is to optimize and standardize business processes for integrated information availability. The ERP package will enable availability of information on real time basis and elimination of duplication of activities across business processes by capturing data at source point. This will in turn facilitate decision support, better operation control and efficient cost management", said Subir
Raha, CMD, ONGC.
Cyber News Service