Orica expects new technology will deliver a $15 million boost to EBIT in the 2021 financial year, following the completion of its multi-year SAP roll out and further investment in digital technology.
In its full-year result published today, the company recorded a 31 percent decline in profit citing disruptions caused by the COVID-19 pandemic but said it still achieved key strategic milestones.
The explosive maker said the largest and final phase of the SAP project was implemented in July 2020.
Simplifying with SAP S/4HANA
Orica’s 4S program – ‘Simple, Standard, Single SAP’ – covers eight end-to-end business processes and consolidates Orica’s entire business on an S/4 HANA core, supported by SAP cloud add-ons.
The business notified the market on October 12th that it needed to delay publishing its full results after “COVID-19 related challenges” caused a delay in closing the books in the new system.
At the time, Orica managing director Alberto Calderon described the deployment of SAP as a “historic, and game-changing, milestone” and noted, “the underlying business has transitioned without major disruption.”
To read the full story, read the original article on itnews.com.au.
To find out more about the latest SAP technology, register for SAP TechEd 2020 today.