Petroceltic International plc is a leading upstream oil & gas company, focused on the Middle East, North Africa, Mediterranean and Black Sea regions. At the end of 2012, Petroceltic merged with Melrose Resources to create a full cycle exploration and production (E&P) company, head-quartered in Dublin, with exploration and development assets in Algeria, Egypt, Bulgaria, Romania, the Kurdistan Region of Iraq, Italy and Greece.
Petroceltic and Melrose had two different financial systems one of them being SunSystems; they needed to create a new centralised system which merged their financial data into one consolidated chart of accounts and integrated their finance, procurement and asset management systems.
Improved and consolidated financial reporting across the group
Speedier and more efficient procurement
Ease of use for financial and non-financial staff
Infor SunSystems and iDocuments delivered by Progressive TSL
A new implementation of SunSystems by business systems and solutions consultancy, Progressive Technology Solutions Limited, together with iDocuments for procurement and Infor Query & Analysis (Q&A) for enhanced reporting functionality was agreed to be the optimum solution,
SunSystems has a good track record in the oil & gas industry and iDocuments offered a web-based, user-friendly interface with high accessibility.
With a full suite of software designed for use across all levels of the organisation, iDocuments was implemented to feed procurement data into SunSystems to achieve maximum ease-of-use by financial and non-financial staff at Petroceltic’s multinational sites. iDocuments was set up for purchase orders, invoices and travel requisitions, with in-built delegation of authorities and automatic re-direction depending on whether expenditure is budgeted or not.
All financial reporting is now generated directly from within the system with minimum manual intervention, and Petroceltic has automated billing statements that are consistent across the group for their various joint venture partners. The implementation of iDocuments approvals has speeded up procurement and empowered staff to perform their roles with greater efficiency.