Digitalization in Corporate

With the launch of Finance 4.0 in 2018, we started the Finance Division’s journey toward a future-oriented, digitalized process and system landscape enabling integrated growth.

A strong midterm strategic focus for Finance is the implementation of the new SAP S/4HANA enterprise resource planning software. The goal is to increase business value by providing real-time digital and analytics functionalities based on harmonized data and processes. The implementation of SAP Ariba – the cloud-based solution covering all processes related to source-to-contract and purchase-to-pay – enables digital transformation in Procurement.

Paperless initiative at OMV Petrom

OMV Petrom started the rollout of the Paperless initiative to minimize the use of paper for daily work activities. Goals of the initiative are twofold: to establish the culture of digital working as well as giving employees the necessary tools and skills to go paperless. Workshops and masterclasses informed employees about the value of digitalization and its environmental benefits. Numerous other tools in the initiatives help reduce the use of paper, including the rollout of digital signatures and digital documentation storage. In addition to environmental benefits, implementation of the Paperless initiative enhances work efficiency as it builds the basis for automation and digitalization of administrative processes and reduces the risk of document loss.