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Oracle ERP Cloud enables us to work across different countries with multi-faceted regulations and varying accounting practices, and has the flexibility for us to manage both the complex development and ongoing operation of new sustainable energy plants—greatly facilitating our growth plans.
Access Power is a developer, owner, and operator of power assets in emerging and frontier markets. The company is today one of the fastest growing independent power producers in emerging markets, and is currently developing renewable energy projects worth more than US$1 billion in 20 countries across Africa and Asia. The firm’s mid-size modular projects can be readily integrated into the existing grid, providing power for the populations of fast growing, energy-poor markets. Access Power is technology agnostic and focuses on developing affordable and sustainable power assets.
Because many countries in which Access Power invests have complex and varying tax and accounting standards, the company found it increasingly challenging to manage costs centrally, which drove the need for a flexible and comprehensive financial management solution to aid its growth plans.
Oracle Enterprise Resource Planning Cloud stood out compared to solutions from SAP, Microsoft, and others because of its flexibility, long-term cost effectiveness, scalability, and security. Oracle’s deep functionality is critical for our complex, large-scale power plant projects, and could not be matched by other vendors.
Access Power MEA was founded in 2012 with the aim of becoming a leading developer, owner, and operator of power assets in the Middle East and Africa. It is highly focused on protecting the environment, and the key pillars for its approach to developing projects in its target markets are early involvement, technology neutrality, modular projects, and mobilizing capital.
For its implementation, Access Power used Oracle Partner AppsLink, which successfully completed the project in just two months, within the allocated budget, and in time to complete year-end closing.
“We selected Oracle Partner AppsLink because of its implementation experience, highly qualified team, and professional approach. AppsLink showed considerable initiative and increased our team’s own technology understanding, and we now use AppsLink for support thanks to the successful relationship,” Junaid said.