Leaders of PV Power and APZON at the signing ceremony. — Photo baotintuc.vn

HA NOI (Biz Hub) — PetroVietnam Power Corporation (PV Power) and IT service provider APZON held a signing ceremony on March 24 to celebrate the commencement of their project.

PV Power has chosen the business management software SAP Business One provided by APZON to manage its critical business functions including sales, distribution and financials, all in a single integrated system. With the software, PV Power expects to mobilise resources and operate efficiently. Therefore, the company can reduce management costs and achieve higher productivity.

"SAP Business One helps us get important information about financial management quickly and accurately, therefore, we can be confident whenever making business decisions," PV Power Chief Accountant Ha Thi Minh Nguyet, also manager of the co-operation project, said.

APZON Chairman Hoang Thanh Tung said APZON was honoured to co-operate with PV Power in applying SAP Business One.

"We believe that SAP Business One would effectively support the business management of firms and meet the mandatory requirements about finance management and accounting as prescribed by Vietnamese law," Tùng said.

APZON is an IT service provider with more than 10 years of experiences providing solutions to information technology, as well as consulting services for clients in many sectors such as telecommunications, retail, distribution, and production, in addition to construction, manufacturing and service units of the state.

PV Power is a member of the PetroVietnam Oil and Gas Group (PVN), the leading national oil and gas group.

PV Power General Director Nguyen Xuan Hoa said the company targets a total power output of 21 billion kWh, a total revenue of VND29.4 trillion (US$1.3 billion), a pre-tax profit of VND680 billion and an after-tax profit VND600 billion in 2016. — VNS