Arendal, 4841,
Norway
Arendals Fossekompani Technographics
Arendals Fossekompani Technographics, Software Purchases, AI and Digital Transformation Initiatives
Discover the latest software purchases and digital transformation initiatives being undertaken by Arendals Fossekompani and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 2200 Arendals Fossekompani employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.
During our research, we have identified that Arendals Fossekompani has purchased the following applications: Oracle Cloud ERP Record to Report for Financial Consolidation and Close in 2021 and the related IT decision-makers and key stakeholders.
Our database provides customer insight and contextual information on which enterprise applications and software systems Arendals Fossekompani is running and its propensity to invest more and deepen its relationship with Oracle or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.
We have been analyzing Arendals Fossekompani revenues, which have grown to $475.9 million in 2024, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for Arendals Fossekompani intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.
Arendals Fossekompani Tech Stack and Enterprise Applications
Arendals Fossekompani EPM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Oracle | Legacy | Oracle Cloud ERP Record to Report | Financial Consolidation and Close | EPM | Inlumi | 2021 | 2022 |
In 2021, Arendals Fossekompani implemented Oracle Cloud ERP Record to Report in the Financial Consolidation and Close category. The project was delivered with partner Inlumi and leveraged Oracle Cloud EPM Financial Consolidation and Close to centralize statutory consolidation workflows for Norwegian and international business units.
The implementation standardized and automated consolidation across multiple ERP systems, configuring intercompany eliminations, currency translation, and rollup hierarchies as core functional capabilities. Oracle Cloud EPM Financial Consolidation and Close was configured to preserve journal‑level detail, enabling drill-down to source transactions for auditability and detailed analysis.
Integrations were established to ingest sub-ledger and trial balance data from the companys multiple source ERP systems, creating an automated record to report flow from ledgers to group consolidation. Operational coverage focused on finance and accounting departments across both Norwegian and international units.
Governance and process changes included centralized consolidation controls and standardized close schedules, with Inlumi supporting the rollout and process harmonization. The project published in September 2022 reported accelerated financial reporting and reduced administrative costs as explicit outcomes.
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IT Decision Makers and Key Stakeholders at Arendals Fossekompani
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Apps Being Evaluated by Arendals Fossekompani Executives
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