Pansoft receives software system development contract from PetroChina

Pansoft Company, a provider of ERP software service for the oil and gas industry in China, has entered into a software system development, expansion and integration contract with PetroChina valued at approximately $5 million.

Under the agreement, Pansoft will integrate FMIS 7.0, a centralized accounting system developed by the company and operating in PetroChina for years, with PetroChina's other SAP ERP systems that cover operation process such as production, purchasing, sales and logistics and continue to be implemented and extended to all subsidiaries of PetroChina.

This platform will leverage the current legacy systems and provide seamless communication and data exchange. With the new strategic structure, the system will not only protect the IT investment that the client has already committed, but also establish an all-in-one solution for the client's ERP needs, claims Pansoft.

Guoqiang Lin, CEO of Pansoft, said: "Our continued partnership with PetroChina with innovative and on-demand ERP support further strengthens its market position in the industry. This also represents another milestone for Pansoft in integrating its centralized accounting system with mainstream ERP systems in the market based on its flexible and multi-functional interfaces with ERP systems."

http://www.datamonitor.com
Republication or redistribution, including by framing or similar means,
is expressly prohibited without prior written consent. Datamonitor shall 
not be liable for errors or delays in the content, or for any actions 
taken in reliance thereon

Related terms: accounting, ceo, china, contract, expansion, gasoline, investment, market, partnership, sales, software