Kuwait Gulf Oil Company implements Oracle cloud applications to drive business growth

Oracle has announced that Kuwait Gulf Oil Company (KGOC) is the first oil company in Kuwait to implement the Oracle Fusion Cloud applications suite to fully automate core business processes across financial services (FS), human resources (HR) and enterprise resource planning (ERP).

KGOC has implemented Oracle’s Fusion Cloud Enterprise Resource Planning (ERP), Fusion Cloud Human Capital Management (HCM) and Fusion Cloud Self-Service. The implementation is helping the oil company streamline its finance processes to ensure better budgetary control, sharpen forecasts and automate routine tasks including contract management, renewals and supplier invoicing to avoid overspending.

“At KGOC, cloud led digital transformation is playing a vital role towards enhancing business efficiencies for sustained growth and building the workforce of future that is free from working on mundane tasks and instead focuses on delivering high-value projects”, said Ahmad A. Safar, team leader information technology at Kuwait Gulf Oil Company.

“With the implementation of Oracle Fusion Cloud Applications, we have automated sixty-four business processes across finance, HR and supply chain. This operational agility allowed us to swiftly transition to remote working during the pandemic, without compromising on any business process or commitment to our customers, partners, suppliers and employees,” added Latifa E. Alnasrallah, project manager at Kuwait Gulf Oil Company.

KGOC has automated the core HR function that now enables employees to complete everyday tasks, including leave requests, payslips, goal setting and so on through self-service applications. This automation now allows the HR teams to create better employee productivity and welfare programs. The fusion cloud application implementation is now also providing KGOC teams with a consistent experience across all devices in addition to mobility services, enabling a centralised data source for FS and HR data to improve decision-making.

KGOC’s management can also access a customised dashboard from any location to get a real-time view of their business unit’s spending, contract status, renewals and other financial details. Furthermore, KGOC has also automated its payroll module for swift monthly payroll reconciliation besides also introducing a supplier portal, which gives its suppliers the ability to access information directly and view their invoices.

“With Oracle Fusion Cloud Applications, KGOC is now able to quickly adapt business models and processes, reduce costs, innovate more and drive further growth. Besides the modern user experience that is helping enhance productivity, the embedded AI capability of our fusion cloud applications is also helping KGOC further innovation, improve scalability and enhance speed to market”, said Leopoldo Boado, senior vice president – Business Applications, ECEMEA, Oracle.

Read: Oracle announces second cloud region in the UAE