Fugro Norway customizes planning and budgeting for leaner company structure with Cloud service, saving significant time and costs
Fugro Norway AS is the Norwegian part of Fugro, the world’s largest integrator of geotechnical, survey, subsea, and geosciences services. The company’s services are specifically designed to support customers’ engineering design and large structure building projects, mostly in the oil and gas industry. Fugro Norway's head office is located in Oslo. The parent company’s headquarters is located in Leidschendam, the Netherlands.
“We operate in a highly specialized industry with complex financial planning and budgeting needs. Oracle had the necessary functionality, and its availability as a cloud service was ideal for our company's reduced IT staff.”
Customize all financial planning and budgeting activities to the company’s considerably smaller and leaner structure after the sale of a large division
Create a new effective and lean IT infrastructure that can be managed by an IT team whose resources decreased by 50% in connection with the new corporate structure
Streamline the management of complex planning and budgeting processes associated with the company's highly specialized operations
Improve the exchange of financial information with regional offices, and meet rising global demands on planning and budgeting
Enhance the basis for business decisions and save time by improving financial reporting and analyses, and reduce risk of errors
Our parent company in the Netherlands already had great experience with Oracle Hyperion Financial Management. In Norway we had good experience with Oracle Hyperion Planning on own servers. That combined with the functionality and features Oracle Planning and Budgeting Cloud Service brought to the table made the difference.
Introduced Oracle Planning and Budgeting Cloud Service and successfully customized financial planning and budgeting activities to the company’s smaller and leaner structure with considerably fewer users than before, and enabled significantly better insight into all parts of the organization
Used Oracle Planning and Budgeting Cloud Service as a new efficient IT environment that can easily be handled by the company's reduced IT staff who no longer have responsibility for operation, maintenance, and updates of any servers, and instead can focus on creating added value for the company
Streamlined management of complex planning and budgeting processes, such as detailed calculations for geotechnical designs under difficult conditions, onshore, nearshore and offshore, saving significant time and costs
Introduced new functions and features to meet rising global demands for planning and budgeting—for example, managing different currencies on the same accounts—and improved communication and exchange of financial information with the parent company in the Netherlands
Improved control of the company's business and the basis for business decisions using new functions in the solution, while saving time and reducing uncertainty and risk of errors
Oracle Platinum Partner Affecto Norge AS helped Fugro to prepare for the migration to Oracle Planning and Budgeting Cloud Service. The migration was performed smoothly in a few days by Affecto in collaboration with Oracle Norway. ”It was a great advantage that there is a separate test environment as a supplement to the production environment of the cloud solution. It helped Affecto to perform an excellent job,” said Arve Lygre at Fugro Norway.