November 2, 2021 | 00:00
MANILA, Philippines – Metro Pacific Investments Corp. (MPIC), the tolling and infrastructure conglomerate chaired by Manuel V. Pangilinan, has partnered with SAP, a leading software provider and cloud company, to modernize its enterprise resource planning systems .
This aims to address some disparate financial reporting systems across its subsidiaries, inconsistent data sets, complex closing cycles and high-volume manual processes to meet regulatory requirements and financial reporting standards, Chaye Cabal said. , Head of Finance, Risk and Sustainability at MPIC. Revilla.
Through this partnership, MPIC can streamline its subsidiary operations, gain end-to-end performance insights through process analytics, and simplify its accounting, financial close, treasury, and risk management processes.
“Managing multiple business models has resulted in a disconnect between our applications and non-standard business processes across our organization, resulting in a lack of visibility into real-time data and insights.
It also made our decision-making responsive in the midst of a dynamic market situation. By partnering with a trusted technology advisor like SAP, we hope to realize our business transformation strategy, standardize core processes, facilitate data-driven decision-making with analytics, and consider developing new business models. into the new normal,” Cabal-Revilla said. .
The business transformation would enable MPIC to achieve its business objectives and facilitate the achievement of business imperatives, consolidating its planned transition from risk management to an effective and sustainable operational finance organization, all of which are enabled by the analysis and technology.
“Transformation is dynamic, not static. Businesses must be able to change because the quest and journey of transformation never stops. As long as there is an opportunity for improvement, there will always be a case for business transformation. We have to accept transformation as something necessary for business and sustainability,” Cabal-Revilla said.
MPIC continues to redefine long-term value creation for its shareholders, while remaining focused on its commitment to helping Filipinos by embracing technology as a critical enabler, said Edler Panlilio, Managing Director of SAP Philippines.
The Manuel Pangilinan-led conglomerate is also committed to contributing to the achievement of the 17 United Nations Sustainable Development Goals (SDGs), with UN SDG 9, which aims to “build resilient infrastructure, promote inclusive and sustainable industrialization and fostering innovation”. its anchor.
Cabal-Revilla said the move is part of the group’s sustainability philosophy of integrating business and environmental management into their investment strategies.
“MPIC has always been committed to elevating its sustainability initiatives across the group. We have placed sustainability at the heart of MPIC, and it shows in how we design, build and operate our business with minimal social and ecological disruption. In this aspect, MPIC and SAP share the same vision to create a more sustainable future for all. We believe RISE with SAP will help us improve our operations and increase our sustainability initiatives,” she said.
Panlilio said it is “critical for organizations to be able to accurately capture, monitor and optimize sustainability drivers in key business processes enabled by a strong digital core.”
“Companies need to focus on their goal and have an impact not only on turnover and the result, but also on the green line,” Panlilio said.