PETRONAS, as the Custodian of Malaysia’s national Oil and Gas resources, would like to achieve its Finance objectives of Single Source of Truth with the highest standard insight generation with lower financial closing cycles. To achieve these Finance objectives, they sought to implement future solutions focusing on process, data, people and governance and exploring SAP Central Finance as the future digital landscape. The project is bifurcated, allowing them to firstly access their pain points and planning their future solutions and secondly, implementing these future solutions.
This presentation will outline the planned business value realization from the project with respects to productivity through automation, improved cash management and increased working capital availability. These outcomes should enable the team to increase productivity and transparency and should reduce total cost of ownership to sustain its goal of a Trusted Financial Advisor in PETRONAS.