Case Study: Singapore Petroleum achieves streamlined budgeting and faster financial reporting with Infor BI (Infor)

Singapore Petroleum improves budgeting with Infor BI

Singapore Petroleum Company (SPC), a leading Singapore-based oil and gas firm, faced mounting budgeting and reporting challenges as it expanded rapidly in 2004. Growth in refining capacity and service stations increased data volume and systems, while a manual, Excel-based budgeting process could not keep up with the need for consolidation, collaboration, and access to JD Edwards financial data.

SPC implemented Infor BI (formerly MIS), which went live within a month and was fully adopted after a second implementation phase. The solution centralized budgets, let business owners enter data directly, automated consolidation and allocations, and imported actuals from JD Edwards, while keeping an Excel-friendly interface and role-based access. As a result, SPC completed its budget on time despite a delayed start, reduced manual effort and training needs, improved variance analysis, and expanded the system to support fortnightly reporting, costing and stock revaluation.

Singapore Petroleum

Wong Woon Chun

Manager, Management Services Department, Singapore Petroleum Company Limited