Engineering Equipment Inc. company CFO announced at an exclusive media interview at High Street Cafe, in BGC last Friday that the company expects greater growth after implementing Oracle's ERP Cloud.
"Last year, we grew more than 30 percent because of the boom in construction in the country. Today, we are much more prepared for an even greater growth," Engineering Equipment, Inc. CFO, Ferdinand Sia said.
A few years before Oracle's cloud software, EEI suffered backlogs due to its overwhelming number of daily transactions. With thousands of suppliers, 10,000 transactions a month and 40 projects to oversee, it was a challenge to manage all the data.
With Oracle's AI-assisted software, it has tremendously reduced the company's computing workload that previously took 22 days to finish to only a few seconds.
"You know the quarterly reports that we have submitted to SCC? That took us manually 22 days to finish. With Oracle, it's just one click," Sia said.
Oracle's single data model has a user-friendly interface and enables complex queries that even non-digital natives can perform.
"You don't have to be a techie to make use of the analytics. Why? Because of the artificial intelligence and machine learning brought about by that single model," Country Managing Director Oracle Philippines Asia Pacific, Mina Lim said.
Since 2014, EEI has pioneered two wide-scale construction projects worth billions of pesos. The first is the P25 billion MRT-7 project, followed by the Skyway Stage 3 Project.
Sia said that EEI, being an 88-year-old company, made it a challenge for the company to migrate into the cloud due to inherited culture from the past.
"If you are an 88-year-old company, you have inherited culture that is from the past. The practices of the past cannot persist going forward, because we won't be able to compete effectively in the market place," Sia concluded.