SAP and Accenture were selected to accelerate the digital transformation of Indorama Ventures by harmonising data and processes from legacy systems, including those inherited through the company’s recent acquisitions.
Indorama Ventures Public Company Limited (IVL), one of the world’s leading petrochemical producers, has been expanding its global footprint recording over 10 completed mergers and acquisitions from 2019 to present. With a growing presence across more than 35 countries, the chemicals manufacturer has tapped SAP and Accenture to design, develop, and deploy an enterprise resource planning (ERP) system with SAP S/4HANA. The strategy aims to create a single source of information across IVL’s global business.
The new ERP system is expected to enhance IVL’s operations efficiency, employee-development capabilities, and customer and supplier experiences. To ensure a successful transition to the new system, Accenture will provide IVL with enterprise-wide change management services.
Deepak Parikh, IVL’s Chief Strategy Officer, said:
“With our rapid growth over the past decade, we needed one ERP system across all our platforms, so we chose SAP S/4HANA to bring together different processes across all the parts of our business.”
“We selected Accenture because it understands how to seamlessly integrate our processes and data into one system, so we can rely on accurate and consistent operating data across all locations and manage our business optimally,” she explained.
The Platform of Choice
Bangkok-based IVL will be leveraging Accenture myConcerto, an insight-driven, digitally integrated platform that harmonises the power of new SAP solutions and technologies, including SAP S/4HANA, and Accenture’s industry and functional expertise. The platform is anticipated to standardise and orchestrate IVL’s key business functions and will be hosted on Microsoft Azure for easy scalability.
Launched in 2018, Accenture myConcerto combines the best of SAP and Accenture to amplify business outcomes for the intelligent enterprise. The solutions embed SAP Model Company and are delivered in collaboration with SAP Value Assurance services throughout all project phases. For SAP clients, the platform also uses SAP Cloud Platform and SAP Leonardo digital innovation system to accelerate time-to-value.
SAP and Accenture Partnership
Abhishek Kahol, a Managing Director at Accenture who leads the Accenture Microsoft Business Group in the Asia Pacific, highlighted that the chemical company took a great leap forward with the strategic move to a single company-wide ERP solution.
“By embracing industry best practices using Accenture myConcerto, SAP S/4HANA, and a public cloud-based architecture from Microsoft Azure, IVL will be positioned to scale globally, create cost efficiencies, and lay the foundation for future digital capabilities,” Kahol stressed.
Furthermore, to address IVL’s goal of improving the management of customer experiences, its human resources capabilities, and time and expense management, Accenture will be deploying additional SAP cloud solutions such as SAP Customer Experience, SAP SuccessFactors, and SAP Concur.
Commenting on IVL’s recent digital strategy, recently promoted SAP Southeast Asia President and Managing Director Verena Siow said:
“Innovative chemical companies focus on developing differentiating, customer-centric business models and processes to stay ahead of their competition while striving for safe and highly efficient operations. As IVL consolidates its portfolio and grows in response to market dynamics, it plans to adopt digital technologies to transform into an intelligent enterprise. This can help innovate business models to grow revenue and transform business processes and services to enhance customer and supplier experiences.”
