PhilCement Corporation, a subsidiary of Phinma Corporation, automates financial reporting and improves decision-making with Oracle Cloud ERP.
PhilCement is the cement subsidiary of Philippine conglomerate Phinma. Initially a cement importer under the Union Cement brand, PhilCement in January 2020 opened a state-of-the-art plant and terminal facilities in the port city of Mariveles, in Bataan province, as part of a plan to lead the local and regional cement sector.
To support its expansion, PhilCement needed an ERP platform that could simplify its key business processes (including purchasing, order and inventory management, and financials), provide real-time visibility into its operations and transactions, and accommodate remote working.
Oracle Cloud ERP made us agile in performing our tasks and transactions. It enables us to work seamlessly and provides complete visibility. It’s really a true ERP solution.
MIS Head, PhilCement
After evaluating several vendors, PhilCement chose Oracle Cloud ERP for its broad functionality, robust security, minimal maintenance requirements, seamless inter-departmental workflows, and rapid update and innovation cycles.
During the COVID-19 lockdowns across the Philippines, the cloud–based application also helped PhilCement transition smoothly to remote working.
“It allowed us to enter our processes, such as order-to-cash and book-to-report online,” says MIS Head Jose Crisanto Natividad. “It doesn't limit us to working from an office.”
Oracle Cloud ERP enabled PhilCement to automate and simplify its finance and other essential processes, boosting productivity. For example, the implementation reduced the truck turnaround time on cement withdrawal.
Oracle Cloud ERP also allowed PhilCement to monitor its financial transactions and inventory levels in real time.
Managing its finances on a single, cloud-based platform also enabled PhilCement to automate and improve the accuracy of its financial reporting so that it can make better decisions, including analyzing customer credit.