Petrom to invest in new IT infrastructure

The petroleum company Petrom, a recent addition to the OMV portfolio, will soon invest heavily in new IT systems including the purchase of some 800 computers for the creation of a network. The investment is aimed at infrastructure, applications and IT organisation and is meant to improve Petrom’s commercial and financial operations. Early this year the company began an extensive analysis of its financial, control, and IT departments in order to evaluate and consolidate the existing IT systems and achieve total integration of commercial, purchasing, financial and IT operations. The team coordinating the project includes over 80 people, including experts from the majority shareholder, OMV, and local and international consultants from Capgemini, Ernst & Young Romania and S&T Romania. “Meeting the requirements of the capital market – i.e. reporting accurate information quickly according to new business standards – is very important for the success of the company. That’s why we need a new IT infrastructure to match the new financial procedures,” Petrom’s financial manager Reinhardt Pichler told Ziarul Financiar. The Petrom representatives did not disclose any details as to the value of the project. ZF