Preem Opts for Infor M3 to Make their Transaction Easy
NEW YORK, NY: Infor, an ERP software Solution Company has announced its collaboration with Preem, the largest fuel company in Sweden, to modernize central parts of its system landscape. Preem will be investing in Infor M3 which is known for offering ultimate flexibility in operations, technology, and scale. As a multi-company solution, Infor M3 empowers various organizations to adapt to changing business needs. It provides flexibility in managing mixed-mode and complex environments, with the agility to make quick adjustments at any time. The investment is further directed towards standardizing the information and process model, harmonize finance, and the interface between Preem's two profit centers Supply & Refinery and Marketing & Sales.
Infor M3 will help support analysis across the supply chain for Preem, and will provide traceability of products down to the lowest level. Infor M3 is further going to implement Preem's new business solution through a joint program between Infor and Preem. The implementation is planned to take place in three major transitions to successively realize value and fast return on investment.
Preem is going to use Infor ION, a flexible middleware platform, which will allow the application to act as a single resource for reporting and analysis without the need to manually consolidate information. "We are honored that Preem has selected Infor as its partner for such an important business transformation project," said Malte Ekedahl, Sales Director, Infor.
In the coming days, Preem is planning to install the entire Infor product suite for its business, including supply chain, financial budgeting, planning and consolidation, and Customer Relationship Management (CRM). "Preem is looking to reduce complexity through using standard solutions to the highest degree possible," said Catarina Lotse, Program Director at Preem. "We need sustainable and cost efficiency in handling new legislation and to support our strategic development toward new markets such as renewables."
See also: Definition of Reconciliation