TERRAOIL SWISS AG EQS-News: Terraoil implements Enterprise Resource Planning System to transform business operations

Transparency directive : regulatory news

04/03/2021 18:30

EQS Group-News: TERRAOIL SWISS AG / Key word(s): Miscellaneous
Terraoil implements Enterprise Resource Planning System to transform business operations

04.03.2021 / 18:30

Terraoil implements Enterprise Resource Planning System to transform business operations

Zug, Switzerland, Mar. 4, 2021 - Terraoil Swiss, an international oil exploration and production company today announced it has implemented an industry-leading Enterprise Resource Planning System to transform the Company's business operations, allowing it to achieve operational excellence and meeting local and international industry standards. The new ERP technology involves the utilization of a cloud-based computer platform that offers substantial business advantages including high level tracking capabilities, improvement of automated data and financial information providing the Company with the flexibility to concentrate on core operations. The insights into financial data will not only promote cost efficiency and improve the financial productivity but also assist the Company to meet accounting standards such as IFRS.

The Company has been working diligently with Vienna Advantage to ensure a smooth transition and rolled out the system in phases, beginning with its Swiss headquarters in Zug. All entities will be operating under the Vienna Advantage ERP System for 2021 onward.

Terraoil's CFO, Bill Cummins was interviewed by Vienna Advantage. Click here for the interview.

Terraoil forward-looking statements
This media release contains forward-looking statements such as projections, forecasts, and estimates. Such forward-looking statements are subject to certain risks and uncertainties which may cause actual results, performance, or events to differ materially from those anticipated in this media release. Readers should therefore not rely on these forward-looking statements. The forward-looking statements contained in this media release are based on the views and assumptions of Terraoil Swiss AG as of this date and Terraoil Swiss AG does not assume any obligation to update or revise this media release.

Terraoil contact

Peter Krempin, CEO
T: +41 71 544 01 20

End of Media Release

Language:	English
Company:	TERRAOIL SWISS AG
	Industriestrasse 47
	6300 Zug
	Switzerland
Phone:	+41 71 544 01 20
Fax:	+41 71 535 59 08
E-mail:	info@terraoil.swiss
Internet:	terraoil.swiss
ISIN:	CH0369663445
EQS News ID:	1173244


End of News	EQS Group News Service

1173244 04.03.2021

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TERRAOIL SWISS AG EQS-News: Terraoil implements Enterprise Resource Planning System to transform business operations

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