Oil Corporation brings Rs300 billion in annual transactions under digital system
Read the full story at Kathmandu Post
Nepal Oil Corporation has implemented an Enterprise Resource Planning (ERP) system to digitize annual transactions worth approximately Rs300 billion. The SAP Business One platform allows over 1,500 dealers, 60 bottlers, and 60 airlines to place orders and make payments online, replacing previous manual processes that required physical visits to depots.
Project chief Pradeep Kumar Yadav noted that the system integrates sales, finance, and distribution, enhancing transparency and efficiency. While the project was developed by Neoteric Neo Software JV, it is restricted to office-based computers for security.
The corporation has also established a link with Indian Oil Corporation to track tanker loading. Future plans include integrating artificial intelligence and Internet of Things technologies to further secure fuel supply operations and connect automated depots to the centralized digital platform.
More tech
- South Korea calms fears over 260,000 Nvidia chip order after Jensen Huang’s exitSouth China Morning Post
- SEBI to issue AI usage guidelines for capital markets, focus on investor protection, says Chairman Tuhin PandeyThe Hindu
- 'Is this a cyberattack?' Grounded flights, a Microsoft outage and AI chaos fuel cybersecurity fearsFrance 24
- Cyber fraud reporting rises amid faster police interventionsThe Hindu
- Could universal basic income be part of the solution in an AI economy?DW
- Hong Kong must expand trade, not wait for ‘luck’ as AI exports could slow: commerce chiefSouth China Morning Post