ISLAMABAD: The public sectors company-Pakistan State Oil (PSO) continued to dominate the market with its share in the Black Oil and White Oil segments standing at 75.5 percent and 55.7 percent respectively, contributing to an overall market share of 64.3 percent.
According to the company's financial results for the year ended June 30, 2013, its liquid fuel sales grew from 12.3 Million Metric Tons to 12.5 Million Metric Tons during the period.
The company has successfully upgraded its internal SAP system to the latest ECC 6.0 version in order to streamline its operational efficiency,
The upgrading process involved seamless integration of 12 SAP modules, a database of over 1500 GB of data and the profiles and access protocols of over 500 SAP users, said a press release issued here.
The entire system enhancement process was carried out jointly by the PSO-Information Communication & Technology (ICT) and Finance Departments in a period of just 5 days with minimum disruption in the Company's business operations.
This revamp will allow PSO to provide business support at par with international standards to its employees and business partners. This initiative has been undertaken by the management keeping in view the role such system improvements play as success factors for the organization's development.
With this technical upgrade, new horizons in business innovation, cost reduction and functional capacity improvements have opened up at PSO.
Furthermore, the Company can now fully utilize the functional improvements provided in ECC 6.0 like enhanced reporting through New General Ledger features; enhanced management of Internal Controls for Corporate Governance; improvements to credit management and introduction of Treasury Risk Management techniques.
Leading from the front, PSO is committed to do what it takes to provide for the fuel needs of the country in a timely and responsible manner.
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