Velesto Energy Berhad
Plaza Sentral Level 18 Block 3A Jalan Stesen Sentral 5,
Kuala Lumpur, 50470,
Malaysia
Kuala Lumpur, 50470,
Malaysia
60 3 2096 8788
Oil, Gas and Chemicals
Velesto Energy Berhad Technographics
Velesto Energy Berhad Technographics, Software Purchases, AI and Digital Transformation Initiatives
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.
Velesto Energy Berhad Tech Stack and Enterprise Applications
Velesto Energy Berhad ERP
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Microsoft | Legacy | Microsoft Dynamics 365 for Finance and Operations | ERP Financial | ERP | n/a | 2020 | 2020 |
In 2020, Velesto Energy Berhad implemented Microsoft Dynamics 365 for Finance and Operations as its ERP Financial solution, deploying the application as part of a broader program that included IBM Maximo and Adrenalin. The initiative targeted core finance and human resources workflows, establishing a foundation for finance, accounts reconciliation, bank connectivity, and HR data consolidation across the organization.
Microsoft Dynamics 365 for Finance and Operations was populated through structured data migration and conversion activities, including the construction of more than 15 human resources templates using Microsoft Excel 365. Data migration workstreams covered financial and data reconciliation, data sampling for records that required manual validation, data cleansing to standardize and consolidate master records, and the preparation of audit documentation to demonstrate data completeness during the cutover window.
Integration work explicitly included a Maybank H2H API integration to support Advanced Bank Reconciliation and address format rectification for payments and bank feeds. The deployment was executed with staged testing and validation, with formal User Acceptance Test planning and coordination, collaboration with business users on system enhancements, and guidance to business teams on effective system utilization after go live.
Governance and operational handover emphasized conversion tracking and quality control, with a Conversion Lead role monitoring conversion activities and a support structure for post go live business operations. Post go live activities included bulk data migration into production, resolution of critical production issues, oversight of the support team to ensure timely issue closure, and ongoing reconciliation and control processes to sustain the ERP Financial implementation.
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Velesto Energy Berhad 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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Velesto Energy Berhad 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 |
In 2020 Velesto Energy Berhad implemented IBM Maximo CMMS as a foundational Computerized Maintenance Management (CMMS) installation to organize maintenance for its offshore rig fleet and onshore support functions. The deployment targeted asset management, preventive maintenance scheduling, and formalized work order processes to centralize maintenance activities for rig crews and Velesto maintenance staff in Malaysia.
Configuration focused on the IBM Maximo CMMS PM module, an asset master register with serial number capture, standardized criticality ratings, work order management, preventive maintenance calendars, and deferred maintenance tracking. The project incorporated documentation management for high profile project records such as certificates of conformity and scope of work documents, and embedded root cause analysis discipline into failure and reliability records.
Integrations and system co-development were explicit, with Maximo working alongside STAR IPS, SAP and an E-PR procurement system to coordinate spare parts planning, purchase requests, and third party service scheduling. Operational coverage included planning and scheduling of maintenance, turnaround and special projects, spare parts reuse across the fleet, and the creation and monitoring of work orders for external service providers.
Governance and rollout emphasized CMMS system administration and train the trainer programs, with subject matter experts delivering MAXIMO training to rig crews and Velesto staff, and administrators standardizing asset criticality and maintenance workflows. Process controls were adjusted to use deferred maintenance analysis to diagnose backlog causes, and compliance workflows were used to coordinate with classification authorities and regulatory inspections.
The implementation positioned IBM Maximo CMMS to ensure all maintenance programs were under control for offshore rigs and to capture maintenance history and project documentation in a single system of record. Risk assessment practices such as single point of failure identification and OEM compliant maintenance instructions were incorporated into the CMMS to support safe operations.
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Enterprise Asset Management | ERP Services and Operations |
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2020 | 2020 |
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Velesto Energy Berhad 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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Velesto Energy Berhad 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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Velesto Energy Berhad 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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Velesto Energy Berhad 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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IT Decision Makers and Key Stakeholders at Velesto Energy Berhad
| First Name | Last Name | Title | Function | Department | Phone | |
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Head of Information Technology Operations | Director | IT | |
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COO | CXO | Finance | |
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CFO | CXO | Finance | |
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Finance Manager | Manager | Finance | |
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Manager IT | Manager | Finance | |
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Head of Asset Management | Director | Investment | |
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Asset Engineer, Project Engineer | Non Manager | Operations | |
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Operation Engineer | Manager | Finance | |
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Operations Support Manager | Manager | Finance | |
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Maintenance Engineer | Manager | Finance | |
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Chief Mechanical Engineer | CXO | Finance | |
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Maintenance Engineer | Manager | Finance | |
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Human Resources Business Partner Executive | Manager | HR | |
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Vice President Human Resources | VP | HR | |
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Executive, Compensation Management | CXO | HR | |
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Head IT, ERP & Digitalization | Director | IT | |
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Head Of Technical Department | Director | Finance | |
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VP Corporate Services | VP | Operations | |
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Vice President Drilling Operations | VP | Operations | |
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Senior Maintenance Engineer | Non Manager | Operations | |
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Apps Being Evaluated by Velesto Energy Berhad Executives
APPS RUN THE WORLD tracks software evaluation trends across 2 million companies worldwide, including buyer insights from Velesto Energy Berhad IT executives and key decision makers. As part of ARTW Buyer Intent and technographics insights, these findings provide useful visibility into the Velesto Energy Berhad digital transformation priorities and AI adoption trends.
| Date | Company | Status | Vendor | Product | Category | Market |
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FAQ - APPS RUN THE WORLD Velesto Energy Berhad Technographics
Velesto Energy Berhad is a Oil, Gas and Chemicals organization based in Malaysia,
with around 520 employees and annual revenues of $128.0 million.
Velesto Energy Berhad operates a diverse technology stack with applications such as
Microsoft Dynamics 365 for Finance and Operations, HRNest and IBM Maximo CMMS,
covering areas like ERP Financial, Absence and Leave Management and Computerized Maintenance Management (CMMS).
Velesto Energy Berhad has invested in cloud applications and AI-driven platforms to optimize efficiency and growth,
collaborating with vendors such as Microsoft, HRNest and IBM.
Velesto Energy Berhad recently adopted applications including
SLB Delfi DrillOps Intelligent in 2025, HRNest in 2022 and Microsoft Dynamics 365 for Finance and Operations in 2020,
highlighting its ongoing modernization strategy.
APPS RUN THE WORLD maintains an up-to-date database of Velesto Energy Berhad’s key decision makers and IT executives,
available to Premium subscribers.
Our research team continuously updates Velesto Energy Berhad’s profile with verified software purchases,
vendor relationships, and digital initiatives identified from public and proprietary sources.
Subscribe to APPS RUN THE WORLD to access the complete Velesto Energy Berhad technographics profile,
including detailed breakdowns by category, vendor, and IT decision makers.