Kuala Lumpur, 50470,
Malaysia
Velesto Energy Berhad Technographics
Discover the latest software purchases and digital transformation initiatives being undertaken by Velesto Energy Berhad and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 520 Velesto Energy Berhad employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.
During our research, we have identified that Velesto Energy Berhad has purchased the following applications: Microsoft Dynamics 365 for Finance and Operations for ERP Financial in 2020, HRNest for Absence and Leave Management in 2022, IBM Maximo CMMS for Computerized Maintenance Management (CMMS) in 2020 and the related IT decision-makers and key stakeholders.
Our database provides customer insight and contextual information on which enterprise applications and software systems Velesto Energy Berhad is running and its propensity to invest more and deepen its relationship with Microsoft , HRNest , Adrenalin 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 Velesto Energy Berhad revenues, which have grown to $128.0 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 Velesto Energy Berhad 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.
ERP Financial Management
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Microsoft | Legacy | Microsoft Dynamics 365 for Finance and Operations | ERP Financial | ERP Financial Management | n/a | 2020 | 2020 |
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HCM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| HRNest | Legacy | HRNest | Absence and Leave Management | HCM | n/a | 2022 | 2022 |
In 2022, Velesto Energy Berhad implemented HRNest as an Absence and Leave Management solution to centralize leave administration and employee self-service across its HR function. The deployment supported Executive Human Resource and Business Partner HR roles based in Kuala Lumpur with hybrid work arrangements and extended operational coverage to the Offshore Operation Department responsible for local and expatriate manning needs, including a hiring program that added almost 70 new employees for offshore operations.
HRNest was configured to support standard Absence and Leave Management workflows such as leave request submission, multi-level approval routing, leave balance and accrual tracking, configurable leave types, and employee self-service access. The implementation also absorbed adjacent HR processes described by Velesto staff, including onboarding checklists for welcome packs and email provisioning, centralized documentation for visas and work permits, and hosting of learning and development materials to keep employee records and training content current within HRNest.
Operational use of HRNest extended into talent lifecycle activities that HR leaders documented, including monitoring contract expiry and contract renewal workflows, performance management and appraisal inputs, salary promotion and promotion proposal records, and administration of resignations and dismissals. The system served as a central HR operating platform for first line employee inquiries and for coordination with the Offshore Operation Department on staffing and compliance tasks, while also supporting external recruiting activities such as job fair engagements and tender bid staffing representation.
Governance around HRNest emphasized procedural controls and policy alignment, with HR personnel maintaining compliance with applicable laws and updating HR policies and procedures within the system. The implementation narrative includes explicit outcomes recorded by Velesto staff, notably the near 70 hires for offshore roles and continuous updating of HRNest content, while detailed integration points or third party connectors were not specified in the source documentation.
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Core HR | HCM |
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2020 | 2020 |
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Core HR | HCM |
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2020 | 2020 |
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Payroll | HCM |
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2020 | 2020 |
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ERP Services and Operations
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| IBM | Legacy | IBM Maximo CMMS | Computerized Maintenance Management (CMMS) | ERP Services and Operations | n/a | 2020 | 2020 |
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Enterprise Asset Management | ERP Services and Operations |
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2020 | 2020 |
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Collaboration
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Collaboration | Collaboration |
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2019 | 2019 |
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eCommerce
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
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eCommerce | eCommerce |
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2019 | 2019 |
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PLM and Engineering
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Geology and Seismic Data Processing | PLM and Engineering |
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2025 | 2025 |
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Procurement
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
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Procurement | Procurement |
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2020 | 2020 |
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