OREANDA-NEWS. Uralkali (Company; LSE: URKA) and the international management and technology consulting firm BearingPoint announced the signing of a contract for the development and maintenance of a new corporate information system using Oracle business applications. The project will enable Uralkali to use cutting edge information processes, improving the efficiency of its business operations.

The contract with BearingPoint is unprecedented for both the chemical industry and the consulting firm itself. The ten-year agreement will see the creation and launch of the new corporate information system over the next two years; after which, BearingPoint will take responsibility for its maintenance over the subsequent eight years. Within the framework of the project, BearingPoint will provide Uralkali with a full range of services and supply all necessary equipment and software.

The project covers almost all areas of Uralkali’s activities, from production, personnel management, sales and transportation, to procurement and supplies, repairs management, financial consolidation, budgeting and reporting, and construction.

Pavel Vakhnin, IT Director of Uralkali, commented:

“The introduction of the new information system is aimed at increasing the productivity and efficiency of Uralkali’s business processes. A large team of specialists from both companies will work on the project and enable us to reach the required, and a fundamentally new, level of process performance.”

Natalia Krasnoperova, Leader BearingPoint Russia, added:

“This project is very important for us as it strengthens our relationship with Uralkali. Our cooperation began as a project to improve the efficiency of the administrative and support processes. Our knowledge of Uralkali’s business processes enables us to create an integrated approach to the large-scale project of developing the corporate information system.”