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.

Challenges

  • 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

A word from Fugro Norway AS

“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.” – Arve Lygre, Finance Director, Fugro Norway AS

Solutions

  • 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