Mincom multi-million dollar deal expands Latin American contract

Gordon Peters
Thursday, 30 September 2010 02:20

IT Industry - Deals

Latin American petroleum company, Ecopetrol, has significantly expanded its contract arrangements with software and IT services group, Mincom, with an upgrade to a new release of Mincom's flagship enterprise asset management  (EAM) solution, and adoption of its enterprise reporting & analytics for enterprise visibility and Ellipse work management for real-time asset maintenance.

Ecopetrol is leveraging Mincom's out-of-the-box integration to leading ERP applications, seamlessly pairing EAM functionality with the enterprise-wide implementation of SAP enterprise resource planning (ERP) applications for HR and Finance.

According to president of Latin America for Mincom, Gary Poole, Ecopetrol 'exemplifies how companies can seamlessly implement Ellipse with their current ERP investments, successfully leveraging Mincom's best-of-breed EAM functionality with leading ERP applications from SAP or Oracle.' 

Poole said Ecopetrol and Mincom first partnered in 1994, when Ecopetrol implemented Mincom's EAM solutions at its refinery in Cartagena, Colombia, and then extended its Mincom implementation across 32 operational sites across Colombia.

'The management of materials and maintenance across Ecopetrol's organisation - which is comprised of more than 6,000 employees, 32 districts, more than 8,500 kilometres of pipeline, 320,0000 assets, 125 warehouses, 16,000 monthly maintenance orders and 290,000 catalogued inventory items - is centralised and optimised through Mincom Ellipse.  With Mincom Ellipse, Ecopetrol has successfully streamlined its inventory, increased equipment availability and reduced operational costs - achieving a return on investment in five years and savings of millions of dollars in the first implementation project.'