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FREP Joins Hands with Keyfunc to Create Best Practices for EPM in the Petrochemical Industry
2023.07.06

Recently, Fujian Refining & Petrochemical Company Limited (FREP) and Keyfunc reached a cooperation to create an integrated EPM platform for enterprise dynamic planning, budgeting, and business analysis, helping FREP create a comprehensive budget system from horizontal to edge and vertical to bottom, connecting financial data, achieving an integrated financial analysis platform, and providing data insights for enterprise business decision-making.


In recent years, the unprecedented market uncertainty has brought great challenges to FREP management. In order to address the challenges brought by market uncertainty, FREP hopes to use digital technology to create a dynamic comprehensive budget platform, enhance the agility of enterprise comprehensive budget management, maximize the automation of various reports, achieve data integration, budget preparation, and budget analysis full process management, and meet the more efficient, refined, and standardized business management needs of enterprises, Provide guarantees for the achievement of the overall strategic goals of the enterprise.


After multiple investigations, Keyfunc gained recognition from FREP due to its agile, easy-to-use, and scalable features, and ultimately reached a partnership.


Dr. Wang Hualin, CEO and founder of Keyfun, stated: "Keyfun will tailor an EPM platform for FREP that meets the needs of enterprise management and is flexible and easy to expand through consulting and implementation teams with rich industry experience and advanced digital product technology. This will support FREP's comprehensive budget management system to continuously deepen reform, create an integrated business and financial analysis system, and evolve and iterate with changes in enterprise management needs to meet the development needs of the enterprise. “




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