Amid increasing competition at home and abroad, this Philippine construction company implemented Oracle ERP Cloud to gain detailed financial insight into its complex projects around the world.
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One of the leading construction companies in the Philippines, EEI builds power plants, refineries, schools, hospitals, roads, bridges, and a variety of other large-scale facilities and infrastructure throughout Asia and the Middle East.
Among its biggest projects is the Manila Metro Rail Transit System Line 7, a 22-kilometer elevated railway line serviced by 14 stations and a 22-kilometer highway. This project is part of the Philippine government’s ambitious program to modernize the nation’s infrastructure—and EEI is the construction subcontractor for many of these complex projects.
Our philosophy is that we’re building a better future. We aspire to provide a better life for the people living here in the Philippines as well as in the countries where we work.Roberto Jose L. Castillo, President, Chief Executive Officer and Director, EEI
Industrial construction company EEI is playing a key role in the Philippine government’s plan to transform the country’s economy by modernizing its infrastructure.
But keeping tabs on its large-scale projects at home and throughout Asia and the Middle East was a challenge for the company, which until recently was tracking those projects in spreadsheets.
A single project could involve some 6,000 activity lines, and EEI might be managing 40 projects at once. Preparing monthly reports took weeks, and the company wasn’t able to respond quickly to problems it couldn’t see.
By implementing Oracle ERP Cloud's procurement, financial, and project management capabilities, EEI now has timely information on the costs of thousands of activities within every project. It can compare the budget to actual spend and it has visibility into the entire procurement process. It now takes EEI five minutes to run its quarterly consolidated financial statement, down from 20 days.
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EEI is now publishing its monthly financial report between the third and fifth day of the following month—two weeks faster than it could before.